We bring forth a Research study, through which you can use to
replace the buy and sell logic with your own, and use the techniques as a platform,
which you may use that will show transaction profits and target milestones.
Any trading system will never deliver profits
unless you have an appropriate exit strategy combined with your risk management
and trading rules.
One approach is to used to fixed
targets based on Risk Reward Approach.
For example : If you put a stop loss
of 15 points, then use a target level of 1:1, 2:1 and so on…. i.e. targets of 20/30 points and so on.
A second approach can use the ATR for the time frame in question.
A second approach can use the ATR for the time frame in question.
For example if the ATR of an instrument is 10
points in the 5 minute charts, you can use multiples of this number as your
target.Stop losses
should be combined with Risk Management Approach to prevent unusually high
risks to be taken. We stress on this at the end of this Research....