i think if you are trying to scalp then you should take a more reasonable reward to risk ratio like 2:3 or may be 1:3, because you have to include the spread also. so big reward to risk ratios are only good for long trades.
i think if you are trying to scalp then you should take a more reasonable reward to risk ratio like 2:3 or may be 1:3, because you have to include the spread also. so big reward to risk ratios are only good for long trades.
i always use maximum 3% risk from my capital... i usually set 30 pip for stoploss and no takeprofit.... just let the profit run... i willclose my position if the condition is not good anymore... although floating +3 i will close if condition is not good or probability for getting profit is less than getting loss...
I have always prefer put stop loss and take profits from my analysis for every trade.Every trader should do it as it minimize our risk on every order and we can recover from it.
Very good decision, mate. We should do that simple way to grow our account time after time. I am also using about 2 % to 3 % risk (of my capital) for my every trade, set the stop based on that calculated risk and will just let my profit run without taking profit or sometimes just use trailling stop when I think I need that.Quote:
Originally Posted by maulana
Depending on your trading strategy.I use the high or low of the two previous candle from the candle that gave me my entry point and take my profit at times two of the number of pips that makes my stop loss.
Well different people have different plans but i do take trades that have 1:1 ratio or higher. This way i keep myself safe even if i loose i earn more because of good risk reward ration. we should not risk more stop loss than what amount of pips we are aiming for.
more and more wayh have for perfectness.i follow my money management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips then my tp is 100pips..
Taking profits at a major support or resistance level is one of the most logical types of exit to use. Support and resistance points eventually break, but the odds are that they will hold. Therefore, many commodity traders will take their profits before the market tests these levels.
main jab bhi trading karta hun main kabhi stop loss aur take profit karna kabhi nahi bhulta kyunki isi ka benefit mujhe milta hai.jab kabhi bhi main profits karta hun apne lagaye hue take profit tak hi aur jab kabhi loss hota hai apne lagaye hue stop loss tak hi karta hun.main hamesha 35 pips take profits aur 15 pips stop loss place karta hun.
Just a newbie suggestion, I think you will get better trade's idea when you set it opposite with your setting above. Why? I think we need to get at least equal profit with our capital risk, or even make it double. So, it will be 100 profit with 50 stop loss, or at least 100 profit for 100 stop loss.Quote:
Originally Posted by nasim39