We have no real finish line in trading, everything is possible.
But that is also a disadvantage.
Imagine a ball game without rules.
Some people show up with tennis rackets others with baseball bats.
Maybe nobody made a rule how long one game should last.
And nobody would know where the playing field starts and where it ends.
How would you decide who is the winner?
Trading is a little like that, but you still need rules.
Without a goal it is not possible to reach a goal.
So make up your own rules.
One possible rule could be to close all open positions once you made 20 percent net profit based on your account equity.
That is well defined, it is measurable and it is easy to understand.
Another rule could be the number of points for the take profit goal.
For example, you could decide to use a fixed take profit value of 30 points.
One of the advantages for an automated trading system is that you need to define your goals and rules upfront.
It is not possible to code an algo system without clear definitions and actually I consider that to be a good thing.
You can download the free version for the Algorithmic Trading System below the video on our website AlgorithmicTradingSystem.com
It will work with original Metatrader 5 demo accounts.
If you are interested to learn more, or if you are interested to trade this system on a real account, make sure to become a starter member for just one dollar.