There are four possible approaches to exiting a trade: a price target - a rise of 2R, say a trailing stop-loss: set it initially at -1R, then move it up with the price eg. at +2R your stop would be at +1R use true-range: use indicators to get you into the trade close to the bottom of the range, and define what proportion of this range that you would like to capture (say 60% to 80%) - sell when you hit this target use indicators to get you out as well as in