200 pip stop loss - 10 pip profit?

[yogesh]

Do you think it would be wise to trade with the strategy that has 10 pips target and stop loss be set at 200 pips. I think this strategy one can take advantage of forex up and down and may make profit many times before there triggering stop loss as probability of stop loss triggering is 1/20th of hitting target.

[sameerjazba]

Do you think it would be wise to trade with the strategy that has 10 pips target and stop loss be set at 200 pips. I think this strategy one can take advantage of forex up and down and may make profit many times before there triggering stop loss as probability of stop loss triggering is 1/20th of hitting target.

hahah thik ha es ko main claver ya wise trading kahoun ga take profit main app scalper ban jatey ho or stop loss app ne day trade wala use kiya ha thik ha 10 points koi pair up to ja sakta ha par 200 point ek sath down nahi ho sakta

[silverfx]

sounds make me disappointment.i opened some position with 20 pips target.but i am very upset to say, i am in very good loss.around 230 pips and still holding my position.so better to understand about market trend before open position.

[dayat]

I think it's very reasonable, especially as a beginner trader should use a stop loss and take profit. stop loss 200 pips for the beginner is more secure. to avoid more losses. 10 pip take profit while the goal is to gain more easily obtained. different with less experienced traders they can put up to 300 pip take profit

[dimpal]

hahah thik ha es ko main claver ya wise trading kahoun ga take profit main app scalper ban jatey ho or stop loss app ne day trade wala use kiya ha thik ha 10 points koi pair up to ja sakta ha par 200 point ek sath down nahi ho sakta

Me ye baat se bilkul sehmant nahi hu ki 10 pips profit aur 200 pips sl. Kyunki agar aapka entry point hi galat hua to market 10 pips profit tak bhi nahi jata aur direct 200 pips bhi sl karvata hai. Aur agar aap news ke time pe aaisi trading karoge to aur market aapki trade se opposite direction me jata hai to loss ke hi chance rehte hai. so mera ye manana hai ki money management ke sath hi trades karne chahiye.

[asma abdo]

200 pip stop loss - 10 pip profit? Stop loss must be calculated at a rate less
than that profit-taking means if stop-loss 100 points on profit-taking 150 points

---------- Post added at 10:20 PM ---------- Previous post was at 10:16 PM ----------

200 pip stop loss - 10 pip profit? Stop loss must be calculated at a rate less
than that profit-taking means if stop-loss 100 points on profit-taking 150 points

[sma786]

I had a great return...I sold off half for a 150pip profit....then I unfortunately ...
didnt adjust my limit order.......and my remaining lot brought in around 125...

I did nt jump back in Overall I was happy with the results

[asif hussain]

Forex trading aik sabak yeh bhi deti hai k jaha app is main stop loss too 200 pips ka lagaty hai waha app ko chahiay k app take profit ki limit bhi us say 2 guna zurur laga lay ku ky app ka profit zida ho ga too hi kama saky gay..

[realfun07]

I have been coming across many traders with such strategy and I feel it might be a good strategy but before I trade with this strategy in real account I want to practice in demo account first and see the results and then shift to real account.

[atif58]

Very clever mind. The movement of 10 pips up is easy and you could achieve your target easily. But doing this you also have great analysis. Sometimes it may also happens the market go totally go against you and rapidly moves to Stop loss ( but it will happens rarely , you can also have alternative plans for this).