"Exit Stop Loss" and "Exit Target"

From previous two topics, The "Short short method" was presented to you.But It's not sufficient if you don't read this topic.

It is a 2 basics to "Control Risk" along with every decisions."Exit Stop Loss" and "Exit Target".

What about them?

First,the "Exit Stop Loss" is a basic method that everybody use for order when the trend should be close if still losing.People use this automatic service orders to close trading before it worse than current time.

And the last,"Exit Target" is a automatic service order when the trend should be close.That means "How many profit that enough for trading".

To use them,Click at the first column in the right bottom of the Streamster calls
"Position ID" and you'll see this event occur at the middle position.



Click at the "Change..." button and you'll see this following event.


Now,we will have some discussions about "Exit Stop Loss" and "Exit Target".

How to apply these services and sure about that will prevent you from "Lost"?.

Many peoples use "Exit Stop Loss" to prevent their funds,They set it not greater or lower than 10 points from their bid position.But in my tragic experiences, "It's always Loss and Loss".

Why?

Look at following picture



You'll find that the trend line (black line) is always non-linear.It's looks like a sine wave and have period itself.That means it goes up and down in cycle.If I set "Exit Stop Loss" at -10 point (Red zone), I will loss immediately when it toggled.So,I decided set it to -100 points.In the picture you will see the long vertical line above the bid position(small lightblue icon on the chart).It is the "Exit Stop Loss".And another vertical line in the green zone is the "Exit Target".

With the "Short shot method",I always set "Exit Target" to +10 points.Because of reasons in "Intro to Short shot method".

Before ending,Please notice that a trends moving not like a linear signal.It looks like a sine wave.So,don't kill yourself by "Exit Stop Loss".Thanks