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

[zef619]

We can only take advantages from take profit and stop loss when you have good trading signals. If you know the price value rising and downward movement then you can set the values for s/l and tp.

[FX-]

Every effective Currency dealing investors are set up their Take benefit and Stop-loss factor according to, their dealing technique. Your plan is also excellent but, I always set 15 pips as my Take benefit and 50 pips for my Stop-loss. Because, cost is always ups and down in the Foreign exchange industry. I am also creating effective deals in Currency dealing by this plan.

[ishvara]

it completely depends on our method and analysis way ..if our strategy works for 50 sl then we should it ...but all depends on the current market research and technical analysis..i will try to set sl 40 and tp 90 most of the time and using 15 sl and 7 tp for scalping

Yes you are correct, The method of trading that a Forex trader uses helps them to decide their stop loss and take profits that they are supposed to deploy in the Forex Market.

[harekrushna]

Every trader have there own risk taking capacity, so it does not work always using stop loss and target at 1:2 ratio.
I do not use stop loss at all.
I create lots with very small quantity as per my margin available, so that if necessary I do averaging or else I just close the position at market if I found market is going totally against my position and there is less opportunity of bounce back.
Because by using stop loss I have seen many times the executed price get back but I had closed my position.

[mablar]

it completely depends on our method and analysis way ..if our strategy works for 50 sl then we should it ...but all depends on the current market research and technical analysis..i will try to set sl 40 and tp 90 most of the time and using 15 sl and 7 tp for scalping

[himbaka]

I think the perfect stop loss plan and take profit plan depend on your analysis if you can make good analysis then you will find the perfect stop loss and take profit plan and your trading strategy will be good.i think it is very important to find perfect entry point ad exit point for making good profit.

[freshfx]

every trader have different different views about stop loss.
some trader set it according to their risk and reward ratio and some set according to their strategy.
the stop loss must be near to support and resistance level.

it is true my friend. Stop loss and consider profit ought to constantly based mostly on risk reward ratio. as for myself, i typically use 1 : 2 comparison, thus every time i targeting 20 pips, then my SL will certainly be in 10 pips.

[shahidnaeem]

Brother muj mein abhi itna confidence nahi aya is liay mein take profit ko zara qareeb rakhta hun stop loss ko zara door rakhta hun jaisay ager mein take 20 pips pay lagata hun to stop loss mein 30 pips per is waja ye hei kay sometimes market opposite ja kay wapis a jati hei jis say ye hota hei kay profit to earn ker letay hein lakin stop loss ko hit kernay say ager pehlay hi wapis a jai to ap ko loss nahi hota.

[lazhar90]

While trading if the market is trending i prefer a trailing stop to manage my profit factor, but if the market is ranging then i prefer my gut feeling to tell me where to put stops to get out of a wrong trade, mostly this is 15 to 30 pips at most

[MIDO HASSAN]

I think that identifying the stop loss and take profit on the basis of
the analysis carried out by the market on the basis of the previous
places on the chart that the price went up to them and then returned once again place