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

my best and perfect stoop loss and take profit plan is that 18**** tp and 20 **** sl i use this plan of my trading this is best it saves me from loss its batter form other st and tp plan.

i set my SL after i made some analysis from it to get the right place for it with some calculation that i had to take,
because it is not funny if our stop loss is always touched by the trend

can ayybody explain to me if which one is better ?to have short stoplooses and make so many looses or to make long stoplooses lets say 200 **** but loose rarely but a big one.what l can see is a short stoploose is been hit very easly while market is having zigzags is far stooplose not better but ofcourse risky.which one do you prefer?

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Originally Posted by s19

as per my knowledge we can not set our stop loss value in EA trade.
EA trade in auto he set sl and tp its self if we are going to change then its can accept that change if EA is runing.
i have only one testing of EA. my EA can not accept manual changes like change sl and tp.

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hello bro shall you please tell me what is EA and i want to know the meaning for support and resistance? shall you please clear my doubts?

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Originally Posted by prawinkurdeg

I am a new trader . I do the reverse. I put take profit around 25 and put stop loss at 50 or even more . 25 stop loss is too tight and your trades will close mostly at loss.so i prefer to put 50 stop loss .

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Some person consider it stupid to have bigger stop loss, but i tried this few times and amazingly it increases the winning chances, i managed to book profit multiple times before our stop loss hit - but such strategy should not be tried to trade against trend.

every trader have different different views about stop loss.
some trader set it according to their risk and reward ratio and some set according to their strategy.
the stop loss must be near to support and resistance level.

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Originally Posted by manoj

I mostly choose my oder only after analyzing the trends. I trade with 50 pips stop loss and unlimited pips of take profits. I don't usually place take profit as I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me.

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mere khaya lse paki strategy galat hai..aapko kabhi bhi stop los ki koi fix value decide nahi karni chahaiye..kayi baar aapko 20 pips ke baad hi achji stop los ki value dikh jayegi aur kayi baar 100 pips bhi dikh saket hai..ye bas aapki study aur analysis pe depend karta hai ki aapkokya karna chahaiye

Risk factor is a necessary issue that must be address if you truely wnat to make a good money from the market, and become successful.

if we use 25pip as a stop loss and 50pip as a take profit we will gain big amount than we loss but we will loss many time more than we win however we do in forex it still 50% profit and loss.

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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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You are using the 1 : 2 risk reward ratio. It is very good for a trader to use it so that if we have 1 loss and 1 profit in their trade, they will be in profits of 25 pips and that is already a positive pips.