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Using The Forex Trading Troll With Less Than 3 Targets

When I had the Forex Trading Troll programmed, I wanted to be able to have 3 opportunities to scale of of trades (3 price targets) and 3 opportunities to move my stop loss (3 price levels).  I use some exit stategies that have 3 targets and I wanted the Troll to manage the trade for me without having to sit at the computer.  But what about exit strategies with less than 3 targets?

You can program the Forex Trading Troll to manage those trades as well!

Watch the short video below to make sure you set up the Troll correctly…

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IMPORTANT POINTS:

For Partial Profits…

  • Make sure the partial lots you program into the Troll equal the ORIGINAL lot size of the trade.
  • If you are using less than 3 targets, set the remaining targets to 0.0 Lots… and a pip value HIGHER than the previous target!

For Stop Losses…

  • If you are using less than 3 targets, set the remaining values HIGHER than previous targets.

As you can see, the Troll can be programmed using a lot of different exit strategies. You do not need to use 3 price targets or move your stops 3 times.  All you need to know is how to set up the Troll to do what you want with less than 3 targets.

I hope this video and post has helped.

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Disclaimer: Trading in the off-exchange Foreign Exchange Market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. All rights reserved 2010.