- Lower target criteria
- Use a trailing stop
- Change entry criteria to get in moves earlier
- Add fibonacci projections for targets
- Take partials earlier
Assume you have a futures scalping strategy. With Pheemu, you realize that a lot of your trades end up being breakeven after you’re up in profit. How do we fix this?
1. Use a trailing stop
Using a trailing stop will allow you to catch more profit as price goes up. It will constantly move your stop up so you’ll have more winning trades
2. Take partials
If you have more than one contract, you could take part of your position off at a lower target to lock in profits earlier. Then as the price moves higher, keep taking off contracts to make sure you have a green trade.