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TradeStation Applications: | Automated Exit Strategy |
| Symbol: | All | |
| TimeFrame: | Any (Tick, Minute, Daily, Weekly…) | |
| Chart Type: | Any |
Introduction:
These are 4 Exit Strategies that use a fixed amount of pips to Exit the trades. The Take Profit and Stop Loss Price is determined according to the entry price and is constant for the entire trade.
Take Profit – Exit Strategies
_DIG_EX_TP_Pips_LX – Take Profit -Exit Strategy for Long Trades. The Take Profit Order is place at Entry price + TakeProfit_Pips . As soon as the trade makes a profit of TakeProfit_Pips or more the trade is closed.
_DIG_EX_TP_Pips_SX – Take Profit -Exit Strategy for Short Trades. The Take Profit Order is place at Entry price – TakeProfit_Pips . As soon as the trade makes a profit of TakeProfit_Pips or more the trade is closed.
Stop Loss – Exit Strategies
_DIG_EX_SL_Pips_LX – Stop Loss -Exit Strategy for Long Trades. The Stop Loss Order is place at Entry price – StopLoss_Pips. If the trade looses StopLoss_Pips or more it is immediately closed.
_DIG_EX_SL_Pips_SX – Stop Loss -Exit Strategy for Short Trades. The Take Profit Order is place at Entry price + StopLoss_Pips. If the trade looses StopLoss_Pips or more it is immediately closed.
- Can be used for Back Testing and for Real Trading.
- Perfect compatibility with other Entry and Exit Strategies.
- Easy to use.
- Visual representation of the SL and TP on the chart with colorful Rectangles.
Buy a Lifetime Licence for the Fixed Pips Exit Strategy:
Important Note: After purchase, the code will be sent to your email with instructions on how to install & use it.
Secure Purchase: You will be transferred to a secure purchase page, we are using paypal as our third party checkout. the purchase page will look like this:
