Three-target systems: TP1, TP2 and a runner — how do you size them?

Splitting an exit into three targets — close a third at each, run the rest — smooths the equity curve but complicates the maths. The sizing of each slice decides the expectancy.

What's your split?

• the fractions you close at each target
• where the targets sit in R terms
• how you manage the runner after TP2

The risk-reward guide gives the framework for testing splits.