Create Your Own Exit Strategy

As any other non stop reversal systems, creating exit strategies become a hardest part in developing trading system. Since I include the MQL4 source code in VS_Eurocross_d02 version, then you can analyze its exit logic. And it is possible to change all exit logic with your own. If you are doing back test; take a look to your journal at the end of back test. You will see a message like "case1:10","case2:10". Each represents the logic code and the total of that exit logic executed during back test period. And you can optimize it by trying to remove it one by one to see the different.
You can have different strategies, but here what I did:
I separate my exit strategies by its working time.
Its mean that I have exit logic that work during trading time, after trading time and work all around the time. If you have exit logic, try to put them on the correct working time.
Create exit strategies related to Keltner channel position
Think if price across the moving average, can it touch next channel? It’s no problem if we make profit at this point, but how if we are holding a loosing trade?
For me, it’s all a guessing game, but using one ore more indicators we can make accurate decision.
Using Profit Accumulation
You will find that sometimes I let each open position to get its target and sometimes I will accumulate the profit from all open position.
Bar counting method
I have assuming that if several bar has been passed and the open trade does not hit it’s maximum target, then try to reduce the target related how much bar it has been passed.