What is your perfect stop loss plan and take profit plan while trading?

[10pips]

i prefer to have fixed stop loss in all my trades and i like it to be very small, i make all my positions with 20 pips stop loss because i consider it losing position and wrong analysis when it floats more than 20 pips in minus

that just depend on you to set it, i have also thinking that i do not want to use more stop loss on my trading because use too much stop loss it will possible to make me to loss more money, and some time that is not safe for us to use too much stop loss on the forex

[Chelsea91]

i prefer to have fixed stop loss in all my trades and i like it to be very small, i make all my positions with 20 pips stop loss because i consider it losing position and wrong analysis when it floats more than 20 pips in minus

[lulu50]

my stop los plan is to buy 20 pips take profit, then protect it, 20pips stop loss, it really helps a lot and I always make some money out of it. and to tell the truith, I make more than that on trading.

[yadikhanih]

well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips then my tp is 100pips..

Forex or foreign exchange market is one of the largest retail markets, as well as among the most unstable. Forex trading can be done either manually or buying and selling through a broker or financial brokerage firms. It can also be done using automated process software or expert also known as Forex robot.

[adikutta]

stop loss and take profit are
best to be set on the support
and resistance levels and
specially the strong ones which
can't be broken in the normal
conditions, this makes stop loss
safe but may be very large stop
loss, so i always say that good
entry can make everything very
easy for you

[hendarto]

Stop loss should be adjusted using the strategy, and a good use of stop loss is a discipline, I think it would be useless if we have the ability or the great analysis, but less foam discipline. so use a good SL is an appropriate strategy, and consistent.

[Chow.ash]

it is good thinking.High impact news me market 100-200 pips move kar jati hy. Is liay sl hamesha utna rakho jitna loss aford kar sakty ho. or tp hamesha itna rakho jo easily mil jaye. greed me aksar account blow bhi ho jata hy.

[rida1120]

i do not take any tension in the forex market in respect of stop loss and take profit i just follow the trend of the forex market and read forecast on the daily basis i know if i open my trade according to the trend of the forex market then i can make here very huge profit and i do not need to set stop loss.

[kutto]

If we are going to change then it's can accept that change if EA is running. i have only only one testing if EA. mu Ea can not accept manual changes like change sl and tp.

[matin6767]

25 pips is always one small extra managed cease departure. Cost all changes with prolonged batches while compared to whom, however passengers are generally happy in case you're profitability of that. I often defined a bit SL not to mention TP local into your advice or else challenge line and as well as ofter reversal that as charge goes on.