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i use support and resistent as my perfect stop loss and take profit plan. many times the price will move up and down in support and resistent level. so i use this level to place my SL and TP
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Stop loss and take profit is very necessary thing and very important in forex trading i have also need to take profit and use stop loss and earn more and more money from forex trading..
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As per my data we are able to not set our stop loss price in Ea trade. EA exchange automobile he set SL and tp its self if we tend to square measure attending to modification then its will settle for that modification if Ea is running. i have just one testing of Ea. my Ea cannot settle for manual modifications like change SL and tp.
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As far as i am concerned in this market trading, there is no perfect stop loss and take profit, What will cause you to place your stop loss or take profits in a place in this market is clearly placed in the market points of trading already, they are no set anyhow.
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i think is a good job.I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought. good job....................................
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personally i only use take profit in my trading activity. i am swing trader and put stop loss to it just limit me to dance with the market. so you take profit help me to reduce chance for me to become greedy and also it's easier to set monthly target profit...,
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Mostly goes in lengthy varies than that, but you are fortunate if you are getting great outcomes from it. I always set the SL and TP closest to the assistance or stage of stage of resistance and ofter modify it as the cost goes on
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I mostly choose my oder only after analyzing the trends.although i'm using robots, i've 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 1:2 ratio for loss and profit, so if i'm setup a 20pip loss, then my profit will be at 40 pips.good job......................
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This should not be done because there are more chances that your trades will hit stop loss more than take profit. So it is better to change your stop loss to same level as you used to set take profit.when I trades with four hour time frame I Generally give stop loss 10 pips and take profit 30 pips. Best luck...............
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There are always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought. the stop loss in each open position and a cut loss order if my total capital is reaching the limit that job.
