Are there any good exit strategies than traditional profit target / stop loss, trailing stops.. ?
Of course normal would be just to take guidance or opposite of from your enter strategy but that is not always possible if you need reasonable stop losses (money management) and so on.
But.. it is complicated enough to set your stop loss and profit target.
That’s true, and if You set up some break even points it seems to have more psychological meaning than a real monetary value. And quite often those auto trail parameters need to be quite far a way, of course this is a strategy dependent.
Chart support and resistance levels are good exits.
Probably, at least one of my best strategy for FDAX is sort of pivot robot but maybe that can be enhanced with local intraday support/resistance levels and even utilize a new SwingProfile indicator (http://pvoodoo.com/Indicators.html). Thanks, let’s see.
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