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yes this is true because every strategy need different lot size and stop loss and take profit, for take profit for scalping it is need to be near the opening point and the stop loss must be far than opening point.Quote:
Originally Posted by twinkling star
Like some one said earlier in this thread, SL depends on loads of factors. Firstly SL is nothing alone. It should be TP and SL. In other words it also called as risk/reward ratio. I have seen most of the people keep ratio of 1:1 for example, TP of 10 pips and SL of 10 pips.
A TP and SL would depend on your
Total investment
capital per trading position
type of trading strategy i.e. if you scalping or a intraday trader, a swing trader or a long term trader.
It is very difficult to tell exact SL to you since I am not aware of your numbers. I can only tell you generally as told.
I try to stick to 50 pips SL, as I that amount of pips I easily accept with my money management and also market has to turn really hard against you in order to reach this target. Some mistake has to be made in your analysis that market goes 50 or more pips against your trade.
the best is we must have TP range higher than Sl,its good but need more experience to do that,i think 1:2 TP will hard if we are stillQuote:
Originally Posted by ashwin.forex
new and cant manage price range good and at least our ratio must same. 1:1
is that mean we sould find the lowest price to buy and the highest price to sell?? because i think it is very difficult to do 1:2 if we put our trading position in the middle of the trend..please give us an elaborated technique so we can follow your strategies...Quote:
Originally Posted by andhwrey
It depends to the strategy and the the take profit but for me i prefer to make if the take profit is 10 pips then stop loss 10 pips and if the take profit is 30 pips then the stop loss 15 pips.
you are right and it depends on amount of risk they wanna take so how we can say that they only have to set the stoploss which they wanna put but if they ask others how they know how much risk they wanna take?so everyone must learn to set their stoploss based on risk they wanna take
yes you are absolutely right.putting stoploos randomly with fix pips has no meaning.it is called gambling.each of our move on forex must have a meaning.when we open a position and when we place a TP and SL we need strong reasons.so the best method is to use support and resistant lines as stoploos.
each of my trades I always use a stop loss and TP. I want to do it all in each of my trades. for example, I installed SL 50 pps to 30 pps take advantage. if he was my profit stop losses that would change the price when we take trading positions. with that we can protect the gains that we get