Correct calculation of stop loss and take profits are very important for our positions to get a good profit and also to minimize the losses if the position are running against the market. So how do you calculate these sl and tp targets?
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Correct calculation of stop loss and take profits are very important for our positions to get a good profit and also to minimize the losses if the position are running against the market. So how do you calculate these sl and tp targets?
I sometimes use the area snr sometimes I do it with a fixed point.
depending on the situation at that time.
Mere khayal se stop loss aur take profit ki koi fix value nahi hoti
ye dono cheeze support aur resistance se decide ki jati hai..jaise ki aapki buying deal ka tp uska next resistance ke pas hona chahiey aur uska sl uske next support ke paas
Issi strategy se kafi log market me trade karte hai
if I usually target 30 pips
but it also saw the situation, if indeed the situation to support, I will remove the take profit and stop loss advancing to maximize profits
i use pivot zones or support/resistances to calculate profit and loss levels.
or sometimes i use predefined values to calculate the values.
i use fixed ratio of Profit loss level like 2:1.
Losses are part and parcel of the customs and forex trading. For me, if there is no loss, not the business name. But, we need to know how to control the losses from growing.
Usually stop loss is calculated as half to take a profit is equal to the proportion of 1: 2
And must know that stop-loss varies from trader to another and varies from time frame to time frame last