No stop loss trade management strategys / Alternatives
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Im looking for Smart no Stop loss trade managemt strategys.
Here a few examples of bad strategys (in my opinnion): grid, martingale or zone recovery.
Im looking for smarter and safer alternatives.I would appreciate any idea of such a strategy.
The goal is to manage trades till closing profitable, ofcurse such strategys have higher risks and higher draw downs, but i would still appreciate any idea, thx!
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a trade has to close somehow. If it is not by SL or TP, it must be by order of some indicator, limiting event, etc.
I use long moving averages to drag the SL as far as possible until it crosses it.
Another may be, if you have several operations, an exit for profits or losses based on the balance
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i personally think its all abot the trade management.
For example, what do grid/ martingale and zone recovery have in common? its the trade management, averaging price or dubbling down in lot size.
what im looking for are safer alternatives to such a no SL trade management, something that doesent dubble down or average price by placing more orders in floating drawdown.
its a hard topic, been looking for safer and smarter alternatives for a few weeks now.