1. Popular Stop Loss EA Exit Strategies

2. It lies in its ability to help prevent
excessive losses by automatically closing a
trade once a preset level has been reached.
The level of a stop loss is usually fixed at a
price below the buying price once a trader
places a “buy” order.

3. Conversely, the stop loss is fixed at a
level higher than the selling price when a
sell order is set off. It should, however, be
noted that the exit strategy a trader
chooses must be in sync with his trading
system and entry strategies.

4. When a breakout system or a contrarian
system is used, the stop loss EA must not be
large so as to ensure that once a trade turns
bad, the trade is exited automatically.
When a trader uses the trending system,
the level of stop loss could be set larger to
allow the trader more time to trade.

5. The aim of setting the stop loss is to
minimize a trader's loss in any single Forex
trade. However, there are different types of
stops that could be brought into a trading
system.

6. - two of the stop loss EA strategies.

7. -is set at the beginning of every trade,
and it is very useful in estimating the size of
the position that would be proper for
trading. Initial stop spells out the maximum
loss that a trader will take on any trade.

8. -is a product of the market movements,
and its usage lies in assisting a trader secure
some level of profits whenever trading
becomes favourable. This strategy works in
such a way that, as the trend builds up, the
price movements is trailed by the stop so that
should there be a trend reversal, the profits
realized is preserved.

9.  Moving average trailing stop  Channel trailing stop
 Two bar trailing stop  Average true range trailing
 Parabolic SAR trailing stop stop
Average true range trailing stop, otherwise known as ATR
indicator, is mostly used by traders who follow trend or turtle
traders for ascertaining how volatile the market is so as to enable
them protect their profit by fixing the stop loss far from a highly
volatile level. Channel trailing stop is also popularly used among
the earlier mentioned sets of traders - trend following traders and
turtle traders.

10. It is a necessary thing for stop
loss EA strategies to be decided
based on the dynamics of the
market. And when we talk about
dynamics of the market, we mean
the prevailing conditions of the
market. It is very important to take
this market dynamics into
cognizance when planning for a
trade as it would give a trader an
idea of things to do so that he
does not close his trade
prematurely when there are
opportunities for more profits to
be made.

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