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

[mainuddins]

I am always dp forex trading with stoploss and the stoploss is about 30 pips and benefit is 50 to 60 factor.I am generally buying at oversold area and i always take benefit here.

[worldforex]

Hi....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...

[for pips]

Stop loss is also important in the forex trading , if you are not using the stop loss then you have to bear a big loss in the forex market. Im using this stop loss feature for protecting my equity from a huge loss in the market.

[pips in trading]

I think traders should set stop-loss and take benefit according to their dealing design and benefit focus on.It relies on the rate they business in. I business in rate of 3:1 so if I business for earnings of 60 pips then i set stop loss at 20 pips

[sejiti.rp]

Most trend analysis only after I choose my oder. I trade with 50 pips stop loss in pips gain unlimited. I usually do not write it as a profit on the trade is kept constant and the place soon as I think it is close enough for me.

[magdy]

for me,,, Stop lose and take profit is very useful for trader. I use stop lose and take profit every time when i trade. Support and resistance level is very important level for take profit but when trader set stop lose then trader should add few pips with support....

[infoworld]

It all depends on the entry point and if the entry is a confirmed entry the stop loss can be wide and up to 200 pips while if it is a risky entry,then a 20 pips stop loss can do and take profit of 50 pips is still good as well

[malik]

You are setting your stop loss half than your take profit. This should not be done because there are more chances that your trades will hit stop loss more than take profit. So it is better to change your stop loss to same level as you used to set take profit.

Aap kay liye ye zarori naheen kay apa har order main apny stop loss ko take profit say half par set karo aap nain stop loss ko market condition kay mutabiq set karna hay aur agar zarorat parry to aap take profit kat equal bhi stop loss set kar sakty ho.

[rebate lover]

You are setting your stop loss half than your take profit. This should not be done because there are more chances that your trades will hit stop loss more than take profit. So it is better to change your stop loss to same level as you used to set take profit.

[sachin]

An expert trader normally set stop loss and take profit according to his or her trading style and profit target.It depends on the ratio they trade in and the account .I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.