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

[moive]

I once used stop loss in forex activities. I survived to get 40 pips and 25 pips stop loss. Some dimensions of disposition are not angelical for me or for me, so I win a hasty decision and see very little profit. and setting stop loss and take profit can vary from strategy to strategy and I have never used stop loss in my trading because I set stop losses manually meaning I am always in front of the terminal when my position is opened

[madun khan]

I usually add TP: SL as 2: 1 as my first trading example, I need 50 pips then I use 25 pips as SL, what do you think. This is very useful. If your target is 100 pips, make 50 pips as SL. very useful for all of us. and I have not yet decided on a stop loss level and take profit because I usually trade with large trends where the price range from top to bottom is around 1000 pips or more, so if I set a stop loss and take profit in a large time frame, then I have to set 500 pips as stop loss and 1000 pips as take profit which is generally not trustworthy by most new traders.

[megawati]

I think if you try scalp then you should take a more reasonable reward for risk ratios like 2: 3 or maybe 1: 3, because you have to enter spreads too. so a big reward for risk ratio is only good for long trades. And a very good decision, friend. We must do this simple way to grow our account from time to time. I also use a risk of around 2% to 3% (of my capital) for each of my trades, set a stop based on calculated risks and will only let my profit run without taking profits or sometimes only use trailing stops when I think I need that .

[bahar]

ship when i open any switch from operation i ordinal close arguing and resistivity. I put my conclusions as a victim close to these levels. If I argue and the level of opposition is too superior then I choose my money management rules. I use hazard ratio & reward 2: 1. Constraint death is 200pips then my tp is 100pips. And I think you are talking in a scalping scenario. But in my view, the stop loss with a margin of 25 pips is still too low. I always use stop loss at 60 pips while I use take profit with a margin of 30 pips. And so far I have succeeded with my strategy. Take profit 50 pips is too high and difficult to achieve.

[denok]

Of course, the use of a stop loss and take profit strategy for me is very effective at Forex for profit and avoid losses. as a beginner, the use of stop loss and take profit is safer to use and also more profitable, especially if our capital is not too large and I have been trading on the FX market for more than 6 months. But now I never use the stop loss option because I open trading transactions with small lots so I get strong support from my capital and I open offers when the good time can come. I use the take profit option most of the time and every time I set 50 pips.

[darmanap]

Finding the right ETF to buy or sell is only half the battle; having a disciplined exit strategy is what separates the average trader from the profitable one consistently. Most traders focus all their energy on entry, trying to find the right time to buy right before the ETF takes off. While the entry is important, the exit is where money is made or deposited. Failing to have a healthy exit strategy means you are likely to profit too early or too late. Learning to get out of a profitable and losing position is one of the greatest skills you can gain as a trader

[suntrung]

I also agree with that so it is difficult to make forex money, but it is not impossible or difficult it can be called the second worst job loss. I use and profit every time I trade. Support and resistance levels are very important to take profit, but when it is set to stop a trader from losing, you must add some technical issues to the support and resistance levels. and this is entirely dependent on our equity and our strategy even our money management or risk management basis .. there are no rules or ways to set SL always always .. I think yes we have our TP higher than SL always which can give us winning percentage more and save our equity

[suntrung]

I also agree with that so it is difficult to make forex money, but it is not impossible or difficult it can be called the second worst job loss. I use and profit every time I trade. Support and resistance levels are very important to take profit, but when it is set to stop a trader from losing, you must add some technical issues to the support and resistance levels. and this is entirely dependent on our equity and our strategy even our money management or risk management basis .. there are no rules or ways to set SL always always .. I think yes we have our TP higher than SL always which can give us winning percentage more and save our equity

[combifx]

I mostly choose my orders only after analyzing the trends I trade with a stop loss of 50 pips and taking limited profits, I usually don't enter take profit even though I use a robot so I mostly choose my orders only after analyzing the trends. and A piece of trade if the industry is trending I raise a place behind to win my income integer, but if the market ranges then I go up **** e my perception to state where I should stop to get out of the despicable craft, mostly this is 15 up to 30 pips at most.

[quraf]

in my point of view, I place my stop loss close to this level. if the support and resistance levels are too high then I follow my money management rules. I use 2: 1 risk & reward ratio.stop loss is 200 pips then my tp is 100 pips and I think the perfect stop loss and take profit to trade on the Forex market depends on the account balance and the lot size of the trade, but usually according to my money management take a maximum risk of 3% on each of my trades and with this process I trade in this market.