Locking profits

[Morgan]

it doesn't work with some pairs
like GBPJPY , always moves in strong way , so it might hit your stop lose then hit your target
using trailing stop with this pair will destroy what you have earned

[berich]

Please correct me if I am wrong is locking profit not tantamount to take profit?

[adnan10076]

As the name suggests, take-profit orders are used to lock in profits in the event the rate moves in a favorable direction. For example, if you are long a currency pair position and believe the price will rise to a certain level, but are unsure what it will do beyond that level, placing a take-profit order at that point will automatically close out your position allowing you to lock in profit.

[puji]

uses locking profit was able to keep account of profit so as not to be a loss again and it's better than getting a stop loss is moved.

[enjoylife]

Traders who have positive float and also they feel that the markets will continue to go in same direction and they have chance to earn more profits can lock their profits so that they do not loose in the same trade even if the markets reversed from there.

[adnan10076]

Lock Profit EA is a must for every trader. Automatically sets your Stop loss Locks your profit so you don't have to adjust your stop loss *It locks your Profit when price retrace. What you say about this...???

[zidane88]

The idea is not to look at the profits that are realized at Forex But we must also look to more of the things that make us know how to keep the profits and how to increase

[dustlee]

It would be better to know how many pips profit we need for a single trade, stick to it and either close or move SL to in profit position.

[newentry]

we have to accept for all condition and for what we choose..
locking profit is away to lock the profit that we get and we do not want to loss our profit when the trend against the order..
we can use trailing stop loss, or pips locker..
there some advantages and disadvantages with it, just think and choose for the best you want to take it

[imbest]

Trailing stop works only when the terminal is running. I have no time to keep it on all the time so this factor is null for me. I used to set my SL and TP and go for some other work.

[shapiraa]

usually i dont use trailing stop. i only use sl and tp. but sometime i modify my sl manualy. and if the price make a spike and get sl it is no problem for me because better do not get profit than get loss.

[Crazyeyes]

usually i dont use trailing stop. i only use sl and tp. but sometime i modify my sl manualy. and if the price make a spike and get sl it is no problem for me because better do not get profit than get loss.

Stop Loss and Take profit is must. We should use of Take Profit and Stop Loss at each Trade. Our risk is much less. It is always Better to use them.

[adnan10076]

locking in profits is not about winning or being right. Locking in profits is about sound money management principles.

[zidane88]

Any way with the successful management of a successful money that you can check out a lot of the profits with ease and rolling but always thought it was better to have

[adnan10076]

By using automatically, Locks your profit so you don't have to adjust your stop loss ...It locks your Profit when price retrace....