I like using the parabolic SAR to set my take profit and stop loss. If you have some idea about the parabolic SAR you will also see that it can give you a perfect take profit and stop loss level to take. In a trending market, you will see that the gap between the parabolic SARS will increase and with this you can do your calculations.
well dear I actually do think setting of SL and TP depends on your capital. if you have 1000 pips in your account then you can set SL 100 for tp 50. this is the way in which i set my TP and sl. if the analysis shows the market might move 70 pips then i set my tp as 75 pips and sl always 100.
my dear actually in forex I believe setting stop loss and take profit will be based on support and resistance points on the chart and also to withdraw your analysis of the market and the movement of the price of the previous
in fact in forex market, I also think only most profession trader can put a perfect stop loss or take profit.i always put a sl and tp on the base of risk take and available equity and this is the my strategy for sl and tp ..
yarrr plan to yehi hota ha k next ressistance ya support k uper ya neche rakha jaye usii se hum achii tarha se ache sl set karsakte hen and achii trading me agey ki taraf barhsakte hen and against the trend jab bhi hon app sl xaror set karen
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
---------- Post added at 12:06 PM ---------- Previous post was at 12:05 PM ----------
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
while i am in the market and want to enter my target then i set my tp for 20 pips and sl for 10 i earn small quantity but earn in quality because some thing is batter then nothing and i dont want to lose my money
dear set stop loss plan is very important in forex and it comprises of strategy, When we have trade plan is clearly define then you will start making profit.good stop loss and take profit plan mak eus good trader is forex also we get huge profit with it ...so we must apply right stop loss paln in ou tarde ..........
Bhai bht si cheezen hoti hai aur stop loss aurt take profit hamesha trade ko dekh kar lagaya jata hai sse phle aap kabhi bhi ni soch sakte ke aap kitna stop loss aur tp lagainge waise hona ye chhaye ke aap ko kum pips par kaam karna chahye kiu ke isi mai aap ka acha kahsa faida ho sakta hai
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