Topic: Single Closing Point of the position... how useful?
maybe im understanding it wrongly, but i do have some things that dont work quite right for me.
For example: if my "Closing point of the position" is "Account Percent Stop", i cannot set a take profit, or is the takeprofit also at the risked percentage?
I would like to have different "Closing point of the position" for wins and losses.
A scenario might be:
-close position when a signal against the opening signal comes
-if differing signal does not (yet) show up, close position at a maximum risked percentage
-close on takeprofit or close on percentage that differs from the risked percentage (thereby achiving a different risk-reward-ratio)
If i think about it, it does not even have to be different for stops and losses... just having several different "Closing points of the position" would do.
What do you think?