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

[mirza_amaad]

if anyone want to get a success in the forex trading we must make plan nd strategies....so that i make a plan and get success .after making a plan i never loss in this forex trading....

[ishvara]

The perfect stop loss that exists in forex is set with 1 : 2 risk reward ratio in my own knowledge. Fopr example when a forex trader actually sets a stop loss of 100 pips, then their take profits will be double, i.e 200 pips

[adnanraza]

I think yeh dono apni apni jagah per behter hai stop loss se hum zaida loss se buch jate hai or take profit se hum acha profit hasil ker lete hai per mein yeh dono use nahi kerta mein khud per depend kerta ho beshak us k leye mujay puri raat q na jagna pare.

[malik]

Wasy to stop loss aur take profit market conditions kay mutabiq hi lgaya jata hay lakin mera normal stop loss 30 pips ka aur take profit 50 pips ka hota hay mary khyaal main normal market conditions mian yes best tp aur stop loss hay.

[mahfuzrahat]

I think you are on right way.because I discussed with an expert about stop loss and take profit.He also told me like it.I mean stop loss will be 25 pips and take profit will be 50 pips.It is perfect for new trader.but it isn't for expert trader.because they can analyze market movement correctly.

[malickmajid]

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 mostly choose my oder only after analyzing the trends. I trade with 50 pips stop loss maximal and unlimited pips of take profits. I don't usually place take profit

[kashifrahija]

The perfect profit should base upon risk reward ratio which means that your profit should not be 250-300 pips to 50-70 pips meaning that 250-300 pips profit against 50-70 pips loss.And this should base on 5R% risk management using only 5% of your account in every trade.

[aliayasumit]

I set my target under the immediate resistance which i view through viewing deal and so my package is closed before others and and evolves my chances of winning and my conclude loss just under the support so i loose merely if services splits for which there is less probability as sector hit numerous occasions before breaking a support

[naqvi5222]

Stop Loss Technique
Stop Loss is one way to minimize risk and maximize profit in each of our trading position. By using Stop Loss, we could avoid a scenario where we have accumulated a lot of profit, but a single error / loss will wipe out a large amount of the accumulated total profit us.
One technique that is widely used by some of the successful trader is to move the stop loss to break the event point / break-even after the price moves according to the open position. Trailing stop is the next way that can be done to lock in profit that you get.
Here are 3 trading tips that can be used in determining Stop Loss:
Two-Day Hi / Lo Method
This technique is widely used by fund managers. The application of this technique is to place a Stop Loss of approximately 10 pips on the 2-day-or 2-day high-low in the two previous days. This technique is more suitable for use by the long term trader who has a large amount of capital.
Parabolic Stop and Reversal (SAR)
Parabolic SAR is essentially a volatility indicator that displays a number of tiny dots that are above / below the chart, but we can also use this as a reference point of Stop Loss. This technique can be used for the intraday trader.
Support & Resistance
If the prices break through support / resistance level, then this support turns into resistance, and this applies vice versa. You can place Stop Loss 20 pips below the support level, or 20 pips above the resistance level. This technique is used also by the intraday trader.
Given the importance of Stop Loss to the success of our trading, we as traders should consider the factor of Stop Loss conducted every open position. If you do not use a Stop Loss, then you you will be in the position of "compassion" market. You should be the one who determines the fate of your capital.
So think carefully about risk and reward will you get before you open a position. Stop Loss is a must for anyone who wants to become a successful trader
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[swingtrader]

Head of my stop-loss program is to make a perfect and well balanced strategy for you to find the right paths and determine the route that would be correct to move on, one of those who do not comply with anyterm strategy is clearly wrong, because this is a business doanhkhong planning and good approach no one can be successful in any business king.