by kwakugyau » Tue Jul 14, 2020 11:46 am
RSI
Exit long when RSI > 70
Exit short when RIX < 30
ATR
Two methods:
Exit when the price touches the indicator line. For example, get out of a long trade when the price drops below the rising ATR Stops.
Exit only when the price CLOSES below the ATR Stops on a long trade, or CLOSES above the ATR Stops on a short trade. Once the close occurs, place a stop loss a few cents below the low of that candle for a long trade, or a few cents above the high of that candle for a short trade.
MACD
Exit when there is another signal line crossover, or the slope of the 50-period SMA changes.
Support and Resistance
Exit when it touches (or get close - 10 pips) the identified support or resistance area
Moving Average
Exit long when the price goes below the MA
Exit short when the price goes above the MA
RSI & MA
Long: Exit when RSI < MA
Short: Exit when RSI > MA