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

Every trader have there own risk taking capacity, so it does not work always using stop loss and target at 1:2 ratio.
I do not use stop loss at all.
I create lots with very small quantity as per my margin available, so that if necessary I do averaging or else I just close the position at market if I found market is going totally against my position and there is less opportunity of bounce back.
Because by using stop loss I have seen many times the executed price get back but I had closed my position.

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Originally Posted by mablar

it completely depends on our method and analysis way ..if our strategy works for 50 sl then we should it ...but all depends on the current market research and technical analysis..i will try to set sl 40 and tp 90 most of the time and using 15 sl and 7 tp for scalping

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Yes you are correct, The method of trading that a Forex trader uses helps them to decide their stop loss and take profits that they are supposed to deploy in the Forex Market.

Every effective Currency dealing investors are set up their Take benefit and Stop-loss factor according to, their dealing technique. Your plan is also excellent but, I always set 15 pips as my Take benefit and 50 pips for my Stop-loss. Because, cost is always ups and down in the Foreign exchange industry. I am also creating effective deals in Currency dealing by this plan.

We can only take advantages from take profit and stop loss when you have good trading signals. If you know the price value rising and downward movement then you can set the values for s/l and tp.

I established the actual consider profit and stop loss based mostly on degree of assistance resistance, as a result of inside my opinion to make use of assistance resistance like the determination of goal consider profit and stop loss is wise, as a result of costs at any time transfer or bit which space

You don't make any plan while trading, my friend. Planning experience is before you vantage any job. During trading all you do is mass your strategy rules to the letter. Otherwise you'll be bound to loose every time.

you,re right shah.zoor having such a tight stop loss ratio often ends up closing the trade quickly before it reaches the take profit however I keep a 1;2 ratio as TP and SL enables me to keep my trades tighly bound to minimum amount of loss and profit preventing me fall into big losses.I prefer scalping and 1;2 ratio for profit and loss where 1 is profit and 2 is loss.I often get my profit in a quick succession.

To trader for instaforex

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Originally Posted by greentrader

I think no SL or TP is for sure, because of the nature of such a dynamic market every day, do not forget we are also against the stop hunter, so sl and tp every trader's subjectives

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No one quantity of stop loss or consider profits is for positive in forex trade trading. Though it's the actual risk reward ratio which decides that quantity of pips which we're to risk/goal inside the business of forex trading.

i am using robots, i hve 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 1:4 ratio for loss and profit, so if i'm setup a 20pip loss..