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

[fxmoney]

when you have to place the stop loss and take profit then you must have to look for the major levels on the charts as per view of the trading and you can place the stop loss at that place so that if that broken then you will not lose more than that or you can book your profit at good place.

[vaibhav thakur]

i use take profit and stop loss oftenly and altering them with time sometimes proove to be benficial so i start with 20 pips for both but if i see its still rising i alter tp more till 50 pips , and stop loss can be altered to 35.

[ishvara]

i do not use fixed caculation for stop loss like you. To me, i like to set stop loss with swing. 4 pips under or above break ovens are ther best choice for me. In most time it is rather safe for my trades.

Of course the stop loss is not fixed, rather it is money management and risk reward ratio that a trader should use in calculating it. Nothing is ever fixed in forex trading, i have experienced that.

[vandexe]

i do not use fixed caculation for stop loss like you. To me, i like to set stop loss with swing. 4 pips under or above break ovens are ther best choice for me. In most time it is rather safe for my trades.

[sajal]

I never use a fixed stop loss or take profit.I set these depending on the trade size and situation.Usually i never use stop loss, but always use take profit.I have lost a lot of capital due to not using stop loss.Every trader should use stop loss and set it not too close or too far, on an average 20pips.

[shahine1]

I always shop with stop loss and stop loss is around 30 pips profit is 50-60 points. always buy and sell ovesold overought district.

[hasanat00]

I think forex is a good job.25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.Good luck...........................

[nadira]

it depend i think to the size Leverage For example, if we use
1- 200 P, for example, we stop at 20pip This is very suitable for those who wanted to be in a safe trading

[batmanvo]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

ok man, you are are learning about how to set stop loss a perfect way, I would like to confirm to you are that there is no perfect method, I would like to share my experience, I often use 30 pipsstop loss and located at the points of support and resistance forex market

[otakon]

I often not to use the strategic stop loss because I open the deals Hedge to
compensate for the loss and sometimes use points stop loss between 20 pips to 30 pips