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I always settle for take profit as 50 pips and stop loss at 25 pips.I am always buy at ovesold zone and sell at overought.
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which is eagerly awaited by all traders where the market is trending, then that if we can use the indicator function optimally at least 10 pips with a basic fibonaci we can achieve
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i think the stop loss and the take profit decision is the difficult for the traders the traders can use the i think the less then the 20 pips it is enough for the traders
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for me , i usually put my stop loss limit about 50 pips to avoid any more loss .. and i make my target profit about 30 pips ,, these limits may be changed according to the market movement .
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i'm using robots, i've already put the prevent loss in each yield part and a cut loss organisation if my unconditional capital is motility the circumscribe that i setups. Piece for profit i'm unremarkably involve the 1:2 ratio for loss and profit, so if i'm falsehood a 20pip loss, then my profit testament be at 40 pips.
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not only i but also all of the trader who are still trading here should apply the term stop loss to prevent from the trading market. this is so much helpful for the traders.
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Since you say you will succeed, and many must be the same as the stop loss that can take advantage, but also my best friend, your strategy is, I will you that the loss is minimum and profits very good friend of mine, it must be if you love the idea maximum.
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I mostly accept my oder alone afterwards allegory the trends. I barter with 50 pips stop accident and absolute pips of yield profits. I don't usually abode yield accumulation as I accumulate connected eyes aloft the barter and abutting the position anon as I anticipate the profits are abundant for me.
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If it works for you then it is fine. But with me, I think 25 pips is not a great deal. Every now and then the market moves up and down. Thus, there is a chance that a trade that would get you profit, get stopped just because you take only 25 pips at stop loss.
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i think for me because im using scalper strategy and we all know it,s the risky strategy so im put stop loss about 10pip and take any profit because scalper not need to Waite for profit but take any profit .so it depend on your capital and your strategy
