Professional exits
All the stop-loss and target methods
The 23 methods: fixed, ATR, swing, trailing, EMA crossover, Heikin-Ashi and more.
Every method can be a stop-loss, a target, or both. The list is also on the page itself, under All the methods, where you can filter it and search it.
Fixed distance
- Percent from entry, and Points from entry: a set distance from your entry price (the average price of the position).
- Exact price: one price you choose.
- Rupees on the position: close when the open profit or loss reaches an amount in rupees. Size your risk first, then let the stop follow.
Volatility and structure
- ATR multiple: a multiple of the average true range, the typical candle size. The distance fits the stock's own volatility.
- Swing low / high: just beyond the lowest low (long) or highest high (short) of the last candles.
- Previous candle low / high: a tight stop under the last closed candle.
- Risk-reward multiple: a target that is a multiple of your risk. 2 means you aim to make twice what you risk. It needs a stop-loss rule with a fixed level.
Indicator levels
- EMA level: a moving average acts as the level.
- VWAP level: today's volume-weighted average price acts as the level.
Trailing
- Move to break-even: after the price has moved your way by some points, the stop moves to your entry. The trade can then no longer lose.
- Trailing percent, and Trailing points: the level follows the best price and never moves back.
- Chandelier (ATR trail): the level follows the best price at a multiple of the ATR.
- Swing trail: the level steps up behind each new swing low (long).
- EMA trail: the level follows a moving average.
- Heikin-Ashi trail: the level follows the lowest low of the last Heikin-Ashi candles. These smoothed candles keep the trail with a trend.
- Step trail: every time the price gains a step, the level moves up in a jump.
- Give back a share of the profit: close when the open profit falls by a percent from its best.
- Trailing rupees: close when the profit and loss falls a number of rupees from its best. Works for a strategy too.
Signals on a candle close
- EMA crossover (PCO / NCO): see the next page.
- Heikin-Ashi colour change: closes when a Heikin-Ashi candle turns against you (red for a long, green for a short).
- At a time of day: closes at a set time, India time, whatever the price.