its depend on your capital, so i am maximum time use 30pips Take profit and stop loss is 10 pips, its my trading style. and i am win maximum time. i am scalper trader. so its enough for me, and my capital is too small.Quote:
Originally Posted by Jazpa
I normally add TP : SL as 2:1 as example My first trade I need 50pips then I use 25 pips as SL what about you think.This is very useful.If your target is 100 pips make 50pips as SL.I think this is very useful for all of us.
I have not yet decided any level of stop loss and take profit because I generally trade with big trends where price ranges from top to bottom is about 1000 pips or more, so if I set any stop loss and take profit in big time frames, then I have to set 500 pips as stop loss and 1000 pips as take profit which are generally unbelievable to the most of the new traders.
i am not constant in case of stop loss and take profit. my trading strategy is based on situation basis. i calculate my stop loss and take profit by using three technique
1. support and resistance
2. pivot point
3. Fibonacci.
hi friends,Quote:
Originally Posted by Jazpa
in my opinion , i think The stop loss is also important in the forex trading , if you are not using the stop loss then you have to bear a big loss in the forex market. Im using this stop loss feature for protecting my equity from a huge loss in the market. Im giving 50 pips for stop loss.
gooooooooooooood luck :)
Basically still I am against using stop loss. Because if market really goes at that points, then i will loss my money which will i never get return. Thus i use hedging instead of stop loss. And my take profit level is on an average 20 pips per order.
There is no single perfect stop loss that we can use in our forex trades because there are many strategies that we can use in our forex exchange trades. We choose the stop loss and take profits in our trades based on the strategy that we are trading forex with.
although i am exploitation robots, i've already place the stop loss in every open position and a cut loss order if my total capital is reaching the limit that i setups. whereas for profit i am sometimes take the 1:2 magnitude relation for loss and profit, thus if i am setup a 20pip loss, then my profit are at forty pips.
My perfect stop loss is exactly as analysts' forecasts. I always follow the prediction of them, including stop loss and profit forecasts suitable for them. Right now I think is the perfect stop loss and profit.
If we can dub as such, if there is perfect stop loss do not know, but if it does not hit the stop loss and yes the profit , maybe it will be the perfect for this issue.
stop loss order ki setting ke liye apne investment aur deposit ko dyan main rakh kar kam karein aur take profit ki setting ke liye ye jaroori hai ki trend ke reversal point ka sahi calculation karein iske liye fiboacci ka ya parabolic SAR ka use best rahta hai .
---------- Post added at 10:37 PM ---------- Previous post was at 10:34 PM ----------
agar 100$ deposit hai aur aap stop loss set karna chahte hai to ismain 0.01 ki lot size leke 50 pip ke distance main ya 100 pip ke distance main set karein , nearest point main s/l ki setting karna bahut losses e sakta hai aur t/p order kee setting reversal point ko dekh kar karna theek rahta hai .