Complete overview of Dukascopy API order and positions with stop loss and take profit
I wondered what exit strategies people use in their trading. I posted this on various Facebook entities I administer. I posted this:
Who uses either stop loss and/or take profit only on their exits only? What other techniques have you used in an automated trading setting?
I got these comments:
I use trailing stops on nearly all trades… I break up my sells and trail stops a little different for each block… I don’t automate trading – I wish I could learn it, but its too much for me to learn by myself…
always have a limit order for exit, it’s the only way you can predict your losses therefore have a strategy, if you don’t cap your losses how can you have a profitable strategy?
I am interested to know what you use. I had many dialogues over this but things may have changed since then.
I also posted this video lately regarding the API. If you missed the memo, I have found Visual JForex can generate really ugly Java code as part of your strategy. In fact, I would consider it even useless or beginners if they want to advance their own programming skills.
Right now, I am focused on the stop losses right now for exit strategies. As a result, I made a video on this as usual. Also, note that I do plan to use regression for entry as hinted in another previously sent video as well. In short, just take a look at my most recent videos found in my Dukascopy playlist on my Youtube.com/quantlabs channel.