price mostly moves in long ranges tht that , but you are lluck if you are getting good results from iit . i always set the sl adn tp nearest to the support o resitance level and ofter. i use 2:1 risk stop loss is 200 pips then mt tp is 100pips
price mostly moves in long ranges tht that , but you are lluck if you are getting good results from iit . i always set the sl adn tp nearest to the support o resitance level and ofter. i use 2:1 risk stop loss is 200 pips then mt tp is 100pips
Before I modify an status in forex,I testament analysis the forex inclination firstborn.After that,I instrument neaten orders with restraint experience and butt there. Then I can leaving the activity for a while.
i mostly choose my order only after analyzing the trend . i trade with 50 pips stop loss and unlimited pips of take profits . i don't usually place take profit as i keep constant eyes upon the trader and close the position soon as i think the profits are enough for me
thanks for all of you
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many times when we et stop loss , stop loss hitted and market bounces again.
and we lost chance of profit.so according to my knowledge 50pip is the very good stop loss condition.
use it and always gain profit.
me tu kiye saaloo se is feild me hoon aur be shumsr tajarbe ke bad me ne apni aqal per hi bharoosa karna acha laga me to stop loss ka use bohat hi kum karta hoon sirf take profit ka use karta hoon wo bhi sirf 3 se 5 pips tak bas me ziyada greedy nahi hoon thora hoon
every dealer have totally completely different different views regarding stop loss.
some dealer set it consistent with their risk and reward quantitative relation and a few set consistent with their strategy.
the stop loss should be on the subject of support and resistance level.
In my read mercantilism should be drained discipline. By cash management all trades are often done safely , i take advantage of forty to pips in stop loss limit and fifteen to thirty pips in take profit with a medium ton size. that provides Pine Tree State enough pips.
i rarely used stop loss, i simply used take profit for my commerce , and every one are often happen with mechanically and it means I even have to examine the important condition of the market and so i will change my setting and build it relevant..
and besides it if iwant to place stop loss, I even have to use an equivalent method with mistreatment TP...cut loss is sweet too and additionally hedging will lock some losing and that we still have possibilities to create losing become profit
I do not have a stop loss that has a standard number of points, I adjust the stop loss and money management in accordance with the conditions of the forex market as well as entry positions. by considering the matter, I can do that transaction activity is relatively safe and profitableQuote:
Originally Posted by farel