Can The Calculator help me place trades that have separate take profits?
A common trading strategy used is to have three entries per trade with three separate take profits – one entry with a 15 pip take profit, the second with a 20 or 30 pips take profit, and the third you let run for the long term gains or take profit at 50 or 60 pips. Then once the first take profit is reached the stop loss is moved up to point of entry plus 1 or 2 pips of profit. We’ve used this approach in our trading too, and actually in our backtesting of it we found it to be very effective too, compared with some other exit strategies. With this strategy, you may have different take profit targets set, but give all those positions the same stop loss. You can use The Calculator to assess your overall risk and manage those trades efficiently and smartly. The Trade Log will be able to calculate for you that if you go in 1 lot for 20 pips take profit, 1 lot for 40 pips take profit and 1 lot for 60 pips take profit, it’s the same as going in 3 lots for a total of 40 pips take profit. That
