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

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Originally Posted by Jazpa

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

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ussually i do not use stope loss in the starting i was using stop loss but now i have stoped and now in rare case i use stop loss but positive stop loss so that i can make some profit i do not wants to face loss it does not matter how much i would get but i would be sure that i would get some profit with every trade. Beforee trading i check support and resistance when i see much distance between that i liek to do tradign in both way buy and sell but dont' be greedy.

Main Zyada ter to long term hi trading kerte hoon mere trader 6 hours se 8 hours ke ander ander close ho jati hai main maximum one trade pe 50 pips stop loss aur 40 pips take profit set kerta hoon mere yeh plane zyada mujhe profit hi deta hai..

My friend I use the Moving Average at my trading strategy to findout the support and resistance area and I use strong support and resistance area to set my stop loss and take profit tools.

well to me i personally think if trader use stop lose and take profit then it is very good for trader. I think every trader use good money management system. good support and resistance level is very useful for take profit and stop lose.

dear bro, of course I think i always use different take profit and stop loss in my trading. so i dont use any fix number for my TP and SL and that iss with the use of the same lot in the second round, if the position is to touch the target

Well in fact I personally believe this is the perfect for the protect your account from the big loss you can use it and protect your account and this is the best one for you to make good and by the use it you will be gain skill from the forex trade and this is best

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Originally Posted by Mustarinho

everyone depends upon his own strategy to make stop loss and take profit points .. for me I refer to the resistance and support lines and try to use some indicators that may help me in making this there are a lot of indicators help you to put those lines, also macd and rsi are good

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I also use support and resistance lines, but I do not menggunkana indicator, I usually create their own support and resistance lines. and I will shift the stop loss area to profit if indeed I have profit trade positions. it is safer to make my trade. I just use a stop loss without using a take profit.

Forex ek online risky business ha isme trading krte time dono best ha stop loss and take profit hume dono ka use krna chahiye new traders ke liye best ha unhe trading krte time dono ka use krna chahiye isse apko trading krne mai help milti ha orr app acha se profit earn krr sakte ha.

Well in fact I personally believe price mostly moves in long ranges than that but you are lucky if you are getting good results from it,i always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.

Well, actually I am using tight risk and reward ration 1:3. I can set Stop loss 20 pips and take profit 60 pips. Or I setting 25 pips loss and taking profit 75 pips depends on the market movement that day. Using another MM like 1:5 is better because we can loss 10time but only take profit 3 time, we can earn profit in accumulation.