Ways of TakeProfit
Fri, 06/25/2010 - 09:19 | kolier 0 comments
There are many ways to operate on TakeProfit, not only just pick a fixed amount of pips.
What is TakeProfit?
Read the definition: TakeProfit.
Ways of TakeProfit
-
Simple Fixed Amount of Pips
- Like 20pips.
-
Calculate the TakeProfit Pips with Indicator
- Like use ATR or Deviation to guarantee the price move range.
-
TakeProfit Based on the Profit/Equity
- A very good way when there are many existing orders, especially with hedging. Like close all the orders to take profit when you make 1% of your original equity.
