BUY FXO Forum Shares
1316
Shares in the BANK:
We BuyWe Sell
$1.8773$1.9354
Page 1 of 4 1234 LastLast
Results 1 to 15 of 47

Thread: stop loss and profit limit

  1. #1
    In Profit omobaorun's Avatar
    Join Date
    Mar 2008
    Posts
    166
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default stop loss and profit limit

    for how long should the profit be left running

  2. #2
    Bullish fxgirl's Avatar
    Join Date
    Mar 2008
    Posts
    97
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    from my own demo,i think 30 pips

  3. #3
    Bullish
    Join Date
    Apr 2008
    Posts
    92
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    depend on what?
    i think it's different from one with other...

  4. #4
    In Profit james$'s Avatar
    Join Date
    Apr 2008
    Location
    negeri di awan
    Posts
    102
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    depend on your system. If u trade on long term maybe u can expect greater pips.

  5. #5
    Bullish
    Join Date
    Apr 2008
    Posts
    78
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default rulez rule

    Quote Originally Posted by omobaorun View Post
    for how long should the profit be left running
    There is a nice rule :

    "Cut your losses and let your profit run"

    When You enter trade set SL, look to the chart and try to move SL to break-even point.

  6. #6
    Piplet
    Join Date
    Dec 2008
    Posts
    18
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Use pivot points for your profit limit. Use tight stop loss to cut losses.

  7. #7
    Piplet
    Join Date
    Oct 2008
    Posts
    16
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    And what about using fibonacci for SL and TP ? That's what i am doing with my demo account, is is wrong ? It looks quite succesful currently but that may be just luck.

  8. #8
    In Profit forexdude's Avatar
    Join Date
    Feb 2009
    Posts
    104
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    depend on the type of chart
    hourly
    daily
    weekly
    monthly

  9. #9
    Bullish
    Join Date
    Mar 2009
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    I think 50 pips for short term investment and 200 pips for long term investment should have to do on stop loss

  10. #10
    Bullish
    Join Date
    Mar 2009
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    For profits, I think if you intend to leave the computer, a profit for 100 pips is good while if you are sitting and watching, you should let your profits run until the market changes its trend

  11. #11
    ceestech
    Guest

    Default

    to me the stop loss should be based on what you are willing to lose if you feel you can take it before it reverts why no leave but if not take the fastest options.

  12. #12
    Market Maker
    Join Date
    Feb 2012
    Location
    Port harcourt, Nigeria
    Posts
    1,046
    FXO Shares
    0
    FXO Bonus
    1.136
    Thanks
    3
    Thanked 31 Times in 31 Posts

    Default

    There are basic rules of 100pips stop loss in trading, but this should be based on your capital. My stop loss is usually 50pips and take profits are 100pips, this is mostly based on market conditions. I also lower them, if price movements are undefined

  13. #13
    Market Maker cool user kalex76's Avatar
    Join Date
    Mar 2012
    Location
    Asia
    Posts
    7,892
    FXO Shares
    0
    FXO Bonus
    6.846
    Thanks
    261
    Thanked 349 Times in 285 Posts

    Default

    Its better to have a definite pips target and take the profit - in spite of keeping that open .

    Stop loss can be given just below the support level but yes some standard pips difference and proper risk calculation is needed.

  14. #14
    Bullish
    Join Date
    Mar 2012
    Posts
    48
    FXO Shares
    0
    FXO Bonus
    0.200
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default

    Quote Originally Posted by janknoah View Post
    There are basic rules of 100pips stop loss in trading, but this should be based on your capital. My stop loss is usually 50pips and take profits are 100pips, this is mostly based on market conditions. I also lower them, if price movements are undefined
    About the position of stop loss, I think there is no special rule that said if stop loss should be placed in 100 pips or any other range of pips. It's depending on your money management to place Stop loss in what position. If you're day trader so I suggest to place SL in range about 30-50 pips.

  15. #15
    Market Maker cool user faress_msr's Avatar
    Join Date
    Mar 2012
    Posts
    6,066
    FXO Shares
    0
    FXO Bonus
    8.020
    Thanks
    283
    Thanked 132 Times in 96 Posts

    Default

    well it is all about your way of trading if you are a scalper then the trade must be quick with a pips not more than 10 and if you are long term trader then you can leave the profite till 100 pips that according to your analysis also

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2017 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us