Scale Out with 3 Targets & Break Even

Description: Same as Scale Out with 3 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, and if you so choose , it is moved it to the break-even point. Once Profit Target 2 is filled, the number of lots for the Stop Loss is again, reduced accordingly.

Parameters: Profit Target 1, Profit Target 2, Profit Target 3 and Stop Loss are defined in points.

 

Figure 4.10: Two possible scenarios of execution of Scale Out with three targets and break even.

 

 

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