Objective trading ideas and techniques?

<p>Objective trading is also referred to as rule-based trading, and it is the simplest way to trade. The trader follows a clearly defined set of rules for trade entry, exit, time frame, order types, and markets. It is designed more like a “set it and forget it” automated trading system. The trader merely waits until his criteria are met for initiating a trade. He takes a position in the market, and then enters “take profit” and “stop-loss” orders to manage his eventual exit from the trade. After that, it is pretty much a matter of just letting the trade play out, either hitting his profit target or being taken out of the trade by his stop-loss order being triggered. His trading strategy may have rules for adjusting profit targets or stop orders in accord with market action. However, he will usually be much less active in that regard than a subjective trader.</p>