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    e of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time -

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    Cut your losses short and let your profits run. This is the essence of your trade exit rules.

    Cutting losses short

    A protective stop protects your trading capital, it is your initial trade risk. Before a trade is even entered your should know where your protective stop will be - this is your maximum loss (barring any slippage on the exit). There are many different ways to determine a protective stop on a trade:

    Set dollar amount - Say $500 on every trade

    Percentage retracement - Say 10% from the entry price

    Volatility - A percentage of the average true range of the previous x bars

    Moving Averages - the opposite of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time - I

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    r trading capital, it is your initial trade risk. Before a trade is even entered your should know where your protective stop will be - this is your maximum loss (barring any slippage on the exit). There are many different ways to determine a protective stop on a trade:

    Set dollar amount - Say $500 on every trade

    Percentage retracement - Say 10% from the entry price

    Volatility - A percentage of the average true range of the previous x bars

    Moving Averages - the opposite of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time -

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    ring any slippage on the exit). There are many different ways to determine a protective stop on a trade:

    Set dollar amount - Say $500 on every trade

    Percentage retracement - Say 10% from the entry price

    Volatility - A percentage of the average true range of the previous x bars

    Moving Averages - the opposite of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time -

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    entage retracement - Say 10% from the entry price

    Volatility - A percentage of the average true range of the previous x bars

    Moving Averages - the opposite of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time -

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    e of the moving average entry

    Channel breakouts - the opposite of the channel breakout entry

    Based on areas of support and resistance stops

    Time - If a position is not in profit after a certain length of time then it is exited.

    Letting profits run

    An effective exit technique is also required to allow a successful trade to make the most profit possible and give back the least amount of it.

    Usually a trailing stop is employed to achieve this objective. A trailing stop moves to lock in profits as the trade moves in the traders favour, it should never be moved backwards. There are many different ways to calculate a trailing stop:

    Volatility - the stop is calculated as a percentage of the average true range of x periods.

    Dollar - A set amount determined before the tr

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