Advanced Exit Strategies for Maximizing Profit

Exit strategies can be tailored to different market conditions for optimal results:

• Trending Markets: Use trailing stops to capture extended moves.
• Range-Bound Markets: Use single or multiple take profits to secure gains quickly.
• Volatile Markets: Combine ATR-based stops with multiple take profits for dynamic risk control.

Example:

• For a trend-following strategy: Use Trailing stop with a distance of 2%.
• For a swing trading strategy: Use Three take profits at 1%, 2%, and 3%, with a fixed stop loss of 1.5% (0.015).

Tips:

• Backtest different exit strategies to identify the best fit for your trading style.
• Adjust take profit and stop loss settings based on asset volatility.