How do you calculate stop loss and take profit targets?

[mayengbam]

I always use a fixed stop loss and a take profit of 30 pips. That is a amount i'm willing to loose and the profit is enough for me.

that means you are a short term trader and looking for small profits. but when one comes across a trend and closes their positions for 30pips only is as guilty as holding on to a losing trade. so in my opinion sl and 'tp targets should be dynamic

[mayengbam]

fixed sl rakhna sahi nahi hota
ye sow karta hai ki aapko forex ke basics nahi pata hai
forex ke basic ke hisab se hamesha support aur resistance ko dekh ke sl rakhna chahaiye ..koi fix value nahi hoti sl ki

i agree dude its better to calculate the sl and tp targets instead of some random figures but some people prefer to set a fixed target in all positions. And this method is not innovative in my opinion and its better to have some calculations using some techniques

[anubhavsingh]

I surf the 1 hour waves, but keep a fixed 100 pip SL while surfing, so my loss is limited but my profits are endless as long as the wave lasts.

fixed sl rakhna sahi nahi hota
ye sow karta hai ki aapko forex ke basics nahi pata hai
forex ke basic ke hisab se hamesha support aur resistance ko dekh ke sl rakhna chahaiye ..koi fix value nahi hoti sl ki

[nilu]

i just target my profit about 50 pips for every transaction and my stop loss about 100 pips.just one position per day.i dont need more trade.just trade safe.

But what is the money management system you are following? here risk to reward ratio is 1:2, and system is some what safe because only one trade per day.

[carimas888]

i just target my profit about 50 pips for every transaction and my stop loss about 100 pips.just one position per day.i dont need more trade.just trade safe.

[nilu]

I surf the 1 hour waves, but keep a fixed 100 pip SL while surfing, so my loss is limited but my profits are endless as long as the wave lasts.

I also traded some trades without take profit but i am sure i haven't got much profit in those trades, Its better to keep SL and TP based on analysis.

[nilu]

Its depend on the money management or its depend on the analysis but some people blindly follow some round figures to put SL and TP.

[anitagala124]

I always use a fixed stop loss and a take profit of 30 pips. That is a amount i'm willing to loose and the profit is enough for me.

[soumen]

I am worried dragon you are not doing well. It is not good to have 1:1 risk and reward ratio. The reward should be double to your risk. It will give you more chances of winning. It is not wise to loose same amount that you want to win. If you are willing to lose $10 your reward for this risk should be at least double $ 20. I will suggest 1:3 ratio for all traders.

thik kaha aapne.
waise mere khyal se tp ki first chota target rakhe . aur aap agar sahi entry lihe to stop loss utna rakh sakte he jitna ki aapke tp he. main jyada tar samay 30 to 50 sl rakh ta hoon. aur tp bhi aisa hi hota he. kabhi isse bara aur kabhi isse kam tp bhi li he. par sl ek jaisa he. aur balance kam ho to chota volume pe trade kare isse balance thik rahe ga.

[ganguly]

I just want to get profit 20 pips in one day was minimal and could be more depending on how the market on that day but sometimes I put it about SL in the lowest or the highest price that day