may to apna stop loss nearest support ye resistance points say kuch pips kay faaslay per rakhta hoon or isi tarah take profit bhi. phir agar may screen per mojood hoon to apnay stop loss ko or take profit ko next point per bhi set ker dia kerta hoon.
I think if your take profit hit continually then you dont need to change 50 ****.
You strategy is vary good if your tp hit continually.
But I set my tp 10 ****. some time it hit some time no
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.
it's true my friend. Stop loss and take profit should always based on risk reward ratio. as for myself, i usually use 1:2 comparison, so each time i targeting 20 pips, then my SL will be at 10 pips.
I use scalping and long trade sometime but I always have time to watch the trade, so I do not place SL in my order. Actually, I use SL before but the price go back on its trend after hit SL The power of stop loss is a double edge sword.
I mix scalping trading and the long term trading sometimes depending on the volatility and modes of the forex trading markets. I use no SL in the trades that i scalp since i use small appropriate lot sizes.Quote:
Originally Posted by faruq
actually i think it depends on how much capital do i have on my account and the size of the lots i trade with .but when i have like 50$ i set stop loss after 50 pips (1 pip = 0.20) but i never set take profit because some times i take it and i find out later that i would have made much more profit than i took and i regret taking the profit too early
but i think after 50 pips take profit and after 50 pips stop loss is perfect
for scalping there is no perfect stop loss.infact its not advisable to put stop loss for scalping.
because scalping has very low SL value like 10 or 5 pips which can get triggered easily.
if you're comfortable and fit with the strategy you are doing and have proven to always make a profit, then get on with it and not have to look for another consideration. because everyone has their own strategy is not necessarily the same.
me is plan se bilkul bhi agre nahi karta aur aise plans ki wajah se hi traders loss me jate ai
forex me sl aur tp set karne ke liye traders ko achi tarah se pair ko analyse karna hota hai aur fir uske support aur resistance ki jankari leni padti hai fir uske baad jake trader stop loss aur take profit set karta hai