Scale Out with 2 Targets & Break Even

Description: Same as Scale Out with 2 targets, with automated modification of the Stop Loss; Once Profit Target 1 is filled, the number of lots for the Stop Loss is reduced accordingly. Stop Loss is trailing as the price changes, thus enabling you to lock up the profits and/or reduce your potential loss.

Parameters: Profit Target 1, Profit Target 2, Stop Loss, Price Change and Stop Change are defined in points.

 

Figure 4.8: Two possible scenarios of execution of Scale Out with two targets and trailing stop.

 

 

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