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

[nuh514]

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.

I think you are talking in scenario of scalping. But according to my point of view, stop loss with margin of 25 pips is still too low I always use stop loss at 60 pips whereas I use take profit with margin of 30 pips. And so far I am successful with my strategy. Take profit of 50 pips is too high and it is hardly achievable.

[nadeem33aslam]

I really apreciate your strrategy about tr ade and i thinak its great for the success agar ap completely profit chahtay hai to kabhi to yeh mumkin ho jata hai laikn baz
auqat aisa bilkul nahin hota

[dadi]

well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.

[selinabegum]

vessel when i opened any switch than ordinal i operation close argue and resistivity. i put my conclusion casualty close to these levels.if argue and opposition levels are too eminent then i choose my money management rules. i use 2:1 danger & reward ratio. constraint death is 200pips then my tp is 100pips..

[maheshputta]

You are setting your stop loss 0.5 than your take profit. this could not be done as a result of there are a lot of possibilities that your trades can hit stop loss over take profit. therefore it's higher to alter your stop loss to same level as you used to line take profit.

[advocate sabbir]

both of the plan can be successful.if you take stop loss plan you also can be profitable without any less risk.but i think take profit plan in more effective for make more profit.

[mdnahid]

The perfect stop less plan Forex trading business can not accept manual change open position my stop less there to trading perfect.

[mokas]

i think that you method is right personaly i make 5% is risk of my capital with 1000 dollars and 1 lot a make 50 pips in risk and my target will be of course the double of the risk 100 pips

[fx_boy]

I am trade in FX market more than 6 month. Yet now i never use stop loss option because i am open trading deals with small lot so that i get some strong support from my capital and i open deals when a profit able time come.I am use take profit option most of the time and every time i set it 50 pips.

[sammy]

well i feel 25 stop loss is a little tight if you are trying to make a 50 pips profit. your stop should have some breathing space and it should be like 40 50 pips wide. at least that is what i do