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When to Take Profits and Losses

When to Take Profits and Losses 2017-05-18T21:36:54+00:00

3 Choices for Take Profits

1. Set take profit based on pips

  • TP placed at X amount of pips

2. Take profit after X open trades and X pips is reached

  • 3 open trades and 10 pips
  • 5 open trades and 7 pips

3. Take profits of all trades on the trend change

  • All trades are always exited on a trend change including if at a loss and stop has not yet been reached