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

[love muezza]

i put my stop loss on support resistance line, this makes me easy to accept the loss, i ever set point for my trade but it makes me got regret when i strike on sl point because not far from it the price turn back, so i decide to put support resistance line as my stop loss or force to close order no matter it profit or loss in trade, this are working good for my trade and i see many trader also use the same way to decide stop loss

[Sam001]

as i am old in forex trading and so i set my STOP LOSS and TAKE PROFIT plan nearby...i set them in the ration of 1:2 so if my tarde is well i set up at 15 pips and TAKE Profit at 30 pips and if my trade is bad then i set it at 10 and 20 pips respectively.....

[javed415]

forex trading main hum aik he surat main apanin account ko safe bna sakty hian wo is tera k is main stop loss ka use kertay huay and take profit ka use kerta huay is say hum apanain income ko bera saktaay haina dn saving ko bera sakataaay haain and is tera say humai life main khushaali a sakty hai

[tradingblossoms]

Stop trader ke experience par depend karta hai kyoki har situation mein different stops use karne padte hai kyoki kabhi news mein short term profits par chote stop se profit banaya jata hai aur swing traders indicators use karte hai ya previous support ya resistance par stop rakh kar acha reward banate hai aur yeh sab experience ki baat hai.

[john86]

You must always set your stop-loss and take-profit points to execute automatically, and don't change them unless you absolutely have to. Make your decisions and stick to them. Otherwise you will drive yourself (and your brokers) crazy.

[mstep]

Dear brother,stop loss and take profit plan really depended on the support and resistance level,when you doing the trade then you should be calculated the support and resistance level and then you should be set the sl and tp as 1:2 .

[aly2]

l think Take profit and stop lose is very important part of forex trading. I also set stop lose and take profit in my trade. I think most of trader are also set take profit and stop lose. I set my take profit bigger then stop lose. When market move my take profit i move my stop lose too.and also depends on the strategy pursued by each person.

[dardo]

I believe that the trader must use a very close stop loss at the opening price, take profit should be 4 times the stop loss. The trader should take time to learn to interpret market behavior, be prepared according to the daily economic calendar and develop his strategy to capture pips.

[ObaFX]

Its best to set take profit and stop loss levels base on your trading strategy, usually my trading strategy uses dynamic stop loss which is based on distance of support and resistance level from my currently opens trades while I take profit once price becomes overbought or oversold

[wasifsattar]

plane ko hum nay bana laina hai laikin is tara say nahi krna hai jis tara say zada tar log krty hain k is mai amal nahi krty hain is liay humy ye kaam krny mai zada is plane ko follow krna hai tabi hum is mai success ko hasil kr saqty hain laikin is kaam mai humy zada lalach nahi krna hai is say khud ka account hum nay risk mai laga daity hain