Well i started this thread too see what idea's people had for reducing drawdown's | exiting trade's that seem to work for them. No need to give your secret sauce just general idea's.
As its an idea based thread i will start with some input. Exit Trade idea's concept's :
R3 | S3 Pivot has been hit.
Short term market direction has changed LL (When Long) | HH (When Short).
Put an expiry time on a market position after a certain number of bar's been in a trade.
Check the calender (in commodities case) to see if trade should be increased / decreased in size.
Update stop continuously depending on whether trade is in large profit | loss.
Loosen and tighten stops depending on current trade profitability / unprofitably.
Use standard deviation .
Use chandelier exits.
Use EMA for stop's when profitable / unprofitable.
Use channels for stops / opening positions.
Use volume to signify exit.