200 pip stop loss - 10 pip profit?

[dragon]

I think ratio risk and reward (usually I used TP and SL) is not too far away like in the title of this thread. If we made as ratio so 200 pips SL and 10 pips TP means TP : SL = 1: 20, it's too far away because normally the ratio are 1:1, 1:2, 2:1, 1:3 and 3:1. If the profit target is too few and Stop loss is too far so as overall you will lose if TP is hitted so many times (lets say 15 times) and SL is hitted once. It's not effective place to set.

[yulianto470]

good one, brother yogesh ... be careful. do not being greed, okay. once your target earned, its time to stop.

yess .. sir because of greed not to profit but to destruction in the trading
greedy, the real enemy of the trader's emotions when trading so we must always control your emotions

[silverfx]

sounds make me disappointment.i opened some position with 20 pips target.but i am very upset to say, i am in very good loss.around 230 pips and still holding my position.so better to understand about market trend before open position.

[andhwrey]

Thats not good really,if you think thats good,imagine that maybe profit are easyly to reach,but once we failed,we need 20 times only to
makes loss back,thats are stressfull and i guess all traders cant be patience waiting many trades like that,so keep ratio at least for 1:1

[darksaimon]

specified surroundings we poorness to win 20 times continually to play up the casualty suffered in one individual craft which looks rattling odd for me. I see it is improved to craft without layover disadvantage in specified sufferer and caper with dwarfish lot.

[khaled24]

This strategy make the deal easy to be earned but it achieves very low profit , as it is easy to go up with 10 pips but hard to go down with 200 pips , i didn't use such a strategy before , i always use the profit loss 3 times than the take profit point , i may try it

[bejomulyo]

good one, brother yogesh ... be careful. do not being greed, okay. once your target earned, its time to stop.

[barkiman]

that is not a wise strategy if we wait the right time and take position as required over buy or over sold position then it will becomes in to good profit and setting stop loss around 1:2 means if we set profit 20 pips then set the stop loss 40.

I think the sound settings to take profit and stop loss is 1:1. that is, if you put take profit 50 pips, the stop loss should also be 50 pips. so, if you trade in a one-time experienced loss, then you simply do a one-time profit to cover losses.

[100c�]

Do you think it would be wise to trade with the strategy that has 10 pips target and stop loss be set at 200 pips. I think this strategy one can take advantage of forex up and down and may make profit many times before there triggering stop loss as probability of stop loss triggering is 1/20th of hitting target.

that is not a wise strategy if we wait the right time and take position as required over buy or over sold position then it will becomes in to good profit and setting stop loss around 1:2 means if we set profit 20 pips then set the stop loss 40.

[budado]

Just imagine that you need to have 20 successful trade in order to break even. or 20 trade profit = 1 loss trade only.
I think the best strategy is the other way around. What I mean is that its takes 20 loses just to break even in one lose. If this is our approach I guess we can earn better than the opposite approach. But I guess theirs really none who use this kind of trading strategy.