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

[da2ng1]

my perfect plan to use stop loss is with make trading with trailing stop because i like use that for make my trading session good, for this we must have good money management because use trailing stop must have big capital.

[kanwaljit]

I think many who do not use the scalping sl because its movement is not too far away and if you were wearing sl definitely great distance can be tp 5 pips and 50 pips sl, to avoid terkenanya sl if placed too close

my perfect stop loss value will be day open price because this is the level which normally decides whether the day will be bullish or bearish ; a good stop loss level planning is a very good idea in forex it protects us from losses and helps earn safer

[sinjiku]

for scalping there is no perfect stop loss.infact its not advisable to put stop loss for scalping.
because scalping has very low SL value like 10 or 5 pips which can get triggered easily.

I think many who do not use the scalping sl because its movement is not too far away and if you were wearing sl definitely great distance can be tp 5 pips and 50 pips sl, to avoid terkenanya sl if placed too close

[muhammadatif]

I don�t use stop loss or take profit options because I trade in gold only as you know very well gold is very risky so I watch my complete trade. I don�t leave my computer till end of running trade at the end of trade loss or profit its depend on my luck.

[yogesh]

Well it should depend on what type of trader you are, and you should set your stop loss according to your trade plan. If you trade in a range better to set stop loss just outside the range instead of counting it in pips. Even for other strategies you should not set a very big stop loss as this may result into big losses if a single trade goes wrong.

[anubhavsingh]

A 70 pips stop loss is a much better option. This is because I have a feeling that if price pulls past 70 pips, it may never come back. From experience, I have seen price run up 66 pips twice and then reverse back in the direction of the prevailing trend. A 50 pip stop loss would have been taken out in such a situation.

mainme bhi yahi baat bolio bhai jo aapne boli hai..aise koi bhi value leke stop loss ya take profit lagana thik nahi hai forex me
stop loss aur take profit set karne ka poora tarika hota hai jise thik se follow karna chahaiye uske baad hi lagana chahaiye..market ke support aur resistence ki ache se study karni chahaiye .. uske bad jake stop loss aur take profit set karna chahaiye

[aadrika]

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?

A 70 pips stop loss is a much better option. This is because I have a feeling that if price pulls past 70 pips, it may never come back. From experience, I have seen price run up 66 pips twice and then reverse back in the direction of the prevailing trend. A 50 pip stop loss would have been taken out in such a situation.

[hardworks]

A trader should set stop loss and take profit according to their trading style and profit target.It depends on the ratio they trade in.I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.

I think, you mostly get stop loss only. How can you able to trade with 3:1, i am scared with this. I used take profit 30 and stop loss 20, even this also not possible for me. Are you having any strategy or analyzing. share here please.

[anubhavsingh]

A trader should set stop loss and take profit according to their trading style and profit target.It depends on the ratio they trade in.I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.

me is strategy se bilkul bhi khush nahi hon bhai aur mujhe lagat hai ki aapko bhi isse change karna chahiye
stop loss aur take profit ka aisak oi bhi fixed ya pre planned ratio nahi ho sakta..aapko hamesha support aur resistence ya pivot value dekh ke stop loss aur take profit set karna chahaiye ..agar ap is ratio ko leke trading karenge to aapke liye forexrisky ho jayega

[shinde]

A trader should set stop loss and take profit according to their trading style and profit target.It depends on the ratio they trade in.I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.