What is your perfect stop loss plan and take profit plan while trading?

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Originally Posted by gosians

hmmm, its good but i think you need to set ur SL and TP according to support and resistance level. Ma tu in points k hisab sy SL aur TP set krta hon aur ye k kuch strategies main SL aur TP us strategy k hisab sy use krni prti hy.

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A trader should set stop loss and take profit according to their trading style and profit target.It depends on the ratio they trade in.I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.

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Originally Posted by s19

i am trading long term so in my long term trading my first and last stop loss is 300pips.
now day i am trading and learning scalping but i am really can not find out what is the right stop loss..
i test in demo i find if i trade near to support and resistance then there is no need to set stop loss trade will close with 10pips tp.
so i dont use stop loss in scalping trading but i use trailing stop..its give me profit if my trade move in profit.

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for scalping there is no perfect stop loss.infact its not advisable to put stop loss for scalping.
because scalping has very low SL value like 10 or 5 pips which can get triggered easily.

while trading if the market is trending i prefer a trailing stop to manage my profit factor, but if the market is ranging then i prefer my gut feeling to tell me where to put stops to get out of a wrong trade, mostly this is 15 to 30 pips at most

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Originally Posted by s19

i am trading long term so in my long term trading my first and last stop loss is 300pips.
now day i am trading and learning scalping but i am really can not find out what is the right stop loss..
i test in demo i find if i trade near to support and resistance then there is no need to set stop loss trade will close with 10pips tp.
so i dont use stop loss in scalping trading but i use trailing stop..its give me profit if my trade move in profit.

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har trader ko long term ke sath sath short term trading pe bhi dhyan dena chahiye
me to long term aur short term dono type ki trading karta hon
long term me sl nahi rakhta agar mera trade ache rate pe hai to

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Originally Posted by anubhavsingh

har trader ko long term ke sath sath short term trading pe bhi dhyan dena chahiye
me to long term aur short term dono type ki trading karta hon
long term me sl nahi rakhta agar mera trade ache rate pe hai to

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i agree with you..but in case we dont have more time to give the forex then we can go for long time..
some trader feel healt problem with continus setting on computers..they can design their trading systme that not need to sit a lot of time in front of system.
i am also doing long term trading and learning short term. in long term trading i use stop loss but in short term scalping trading i am not using stop loss.

Exactly blackprince4u !! SL ko set krty hoyee aap ko money managment or apny margin mai reh kr set krna chahye. SL wahan hona chahye jahan per market aap k against jaye or aap ki direction sy totally different ho jaye. hamesha 25 pips ki SL lgana loss bhi dy skta hai. Or TP utna hi rkhna chahye jitna nazar araha ho k easily mil jaye ga, Expectations or hopes ko bhool kr rakha jaye. :)

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Originally Posted by atif58

Exactly blackprince4u !! SL ko set krty hoyee aap ko money managment or apny margin mai reh kr set krna chahye. SL wahan hona chahye jahan per market aap k against jaye or aap ki direction sy totally different ho jaye. hamesha 25 pips ki SL lgana loss bhi dy skta hai. Or TP utna hi rkhna chahye jitna nazar araha ho k easily mil jaye ga, Expectations or hopes ko bhool kr rakha jaye. :)

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i agree with you..this is the main point for setting stop loss...it not more than our moeny management.
we we set our stop loss more then our moeny management then may be loss our account by margin call. when our tp is hit we must close position not open other position in same pair till you analyses not allow to trade.

nahi mere khiyal main app ko 50 pips pe stop loss rakna chiye or 25 pe take profit rakhna chiye kioun k baz dafa trade open karne se market kafi neechey cali jati ha or baz daf near point k qreeb ja kar loss main chali jati ha es liye take profit kam rakhu

yar wese main ne kabhi scalping nahi ki par es ka kuch experince he ha app take profit ko 50 pips pe rakhu to stop loss 75 par kioun k loss k imkan kam se kamm houn 50 point market up to sakti ha par 75 pips ek dam se mushkil ha

although i'm using robots, i've already put the stop loss in each open position and a cut loss order if my total capital is reaching the limit that i setups. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 20pip loss, then my profit will be at 40 pips.