TradingView
PrismBot
Mar 1, 2022 3:46 PM

Automated Trading with Trailing Take Profit and Scaling Exits Education

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

Automated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows:

Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your favor, followed by an offset value.

Stop On Close: Waiting for a trade to close a bar below your stop loss before exiting a trade.

Scaling Exits: Exiting a partial position at a set limit price between the entry and final take profit target.


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Comments
dacho12345
looks really well! thanks for sharing this idea. appreciate it a lot
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