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

[king00]

Forex is agood job.well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips then my tp is 100pips.Be carefull...................................

[worldfx]

I set stop loss based on the market situation and becasue there is no permanent measuring here, we need to know the market situation until i can set it with right, but as my refferences, i have to know the range of trend or also support and resistance too,
because it is not good if SL is always touched by the market price and even we have increased the risk for floating minus..thank you.

[Badawi]

I follow the trend and take all of it as my take profit and at the first reversal I get out from the trade. if there is any reversal on the trend you should get out of the trade quickly in order not to increase you loss

[shakil7142]

If you do long term trade,you should use stop loss and take profit.I always use stop loss will be 25 pips and take profit will be 50 pips.Every forex trader want to profit their every trade.

[fxhasan00]

Forex is risky but profitable.as per my knowledge we can not set our stop loss value in EA trade.
EA trade in auto he set sl and tp its self if we are going to change then its can accept that change if EA is runing.
i have only one testing of EA. my EA can not accept manual changes like change sl and tp. Good luck.......................

[indet]

I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought.

[surt1]

absolutely was a great business. this might be a problem a lot of people do not install SL. For me personally I always use TP 20 and SL 15 and add the TS 15 in each of my OP. To determine stop loss likely was a bit difficult, because sometimes we are affected during OP and SL, not long rates back toward our OP,

[sell00]

Forex is a good job. I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought. Good luck.

[galuhtkj]

if you do it has made you successful enough then go ahead you do not need advice anymore. if you use techniques that fit your character then it would be all very well for you. all traders will be looking for their trading character.

---------- Post added at 08:33 PM ---------- Previous post was at 08:29 PM ----------

thanks fella a very good information, everything should be considered for our forex trading properly, form of planning and analysis will produce a good method as well. I'm learning about it.

[hardiron]

In my view Trading must be done in discipline. By money management all trades can be done safely , i use 40 to pips in stop loss limit and 15 to 30 pips in take profit with a medium lot size. that gives me enough pips.