Handle position when price struggle at levels.

• 01/02/2025 at 12:42 PM #242064
  sparvovic

  Hey guys. How do you manage your strategies when they are in a position and price struggle to break a level? Let it run, close, move stop closer etc.

  So far ive only used a ranged exit if price ranges for x bars between x price.

  Would be interesting to hear other solutions.

  

  sparvovic

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  01/02/2025 at 11:40 PM #242093
  JS

  Hi,
  It depends on whether you have enough confidence in your system. Personally, I trust my system, even in these kinds of situations, but of course, that depends on the performance of your system. I don’t use a “stop loss” or “target profit” myself, but in this situation, it could make sense to adjust your “stop loss.”

  Other options could be:

  • Moving your “stop loss” to “break-even.”
  • Incorporating a rule in your system to automatically close these kinds of “zombie trades” after a certain period (time limit).
  • Using additional indicators, such as “momentum” or “volume.”
  • Switching to another strategy, such as “swing” or “mean reversion,” when the market is in a range.

  

  JS

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