My way of placing stop and take profit!

[ras]

stop loss and take profit is a good technique of all great traders. i also use these in trading,usually i use stop loss twice of take profit that meance ;take profit at 25 pips then stop loss at 50 pips.

[budado]

I ussually place my stop loss in the upper candle daily or in the lower candle daily. Forexample if daily candle are bull, I will place my stop loss below its candle and if candle is bear i will put my stop loss above this candle. this trading strategy are suitable for intraday trading.

What candle? Is their even a daily candle? You mean one candle stick in a day? So you mean your time frame will be in months? or years? Because I can't imagine that their one candle for a day in a chart. I never tried to do that or even check a chart that has a one bar candle as one day. So if you use one candle stick in one day in one year chart their will be 365 candles in their. I guess its feasible.

[skboyra]

For any reason if you are absent from market you can mitigate your risk by placing stop loss and take profit. by this technique you can limit your profit and loss. I think maximum fifty pips and minimum twenty pips is considerable but more than or less than it would be risky.

[anish]

Thank you for sharing here of your trading strategy as well as your experience . But i think placing of accurate take profit and stop loss should be set according to news analysis and currency pairs then it will be a perfect one .

[kiran]

I completely agree with you because stop loss is one of the main elements of a good strategy. Many new bees tend to be setting a very low stop loss which simply leads them to loss most of the times.

[zizhost]

i do think making use of cease burning throughout correct price tag closely related to service resilient brand. it will likely be more precise considering that the price tag moves lucratively and so complicated to prediction throughout variety occasion selection.

[maulana]

In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response.

i think if you use that risk reward ratio, it will be dangerous... hit 4 time take profit will gone only with hit stop loss 1 time.... i recommend for use stop loss 15 and take profit 30... that is healthy risk reward ratio... believe me, it will be making good result...

[mukta]

I use stop loss and take profit both.But my stop loss is always hidden.Because most of the time stop loss in hunted.If any trade my stop loss is 50 pips than my take profit is 100 pips.I want to earn double with single risk.

[nurivasyarifah]

almost always dala bedagang I always put astop loss and take profit to provide comfort in a trade, because if we do not memmasangnya then most likely we will experience stress when exposed to floating or upset and greedy when we get a profit
SL and TP to be very useful

[joru]

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