Symbol: S&P 500
Order Type: Pending Order - Buy Stop
Entry Price at 4748.0
Take Profit at 4778.0
Pips Earning: 32
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Symbol: GBPUSD
Order Type: Pending Order - Buy Stop
Entry Price at 1.34400
Take Profit at 1.35000
Pips Earning: 60
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Symbol: GBPJPY
Order Type: Pending Order - Buy Stop
Entry Price at 153.75
Take Profit at 154.45
Pips Earning: 70
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Symbol: USDJPY
Order Type: Pending Order - Buy Stop
Entry Price at 114.70
Take Profit at 115.00
Pips Earning: 30
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Without a methodology for setting SL’s and TP’s this is all just a pleasant fantasy.
Risk management is the most important thing in trading. Each trader himself must choose the level of risk and the ratio of profit to loss. Calculating where the Stop Loss should be placed is very simple. The number of points of potential profit must be divided by the ratio of profit to loss. Set Stop Loss to this number of points.
Trading analytics results are published for each recommendation. In 78% of cases, the price in the recommendation reaches the Take Profit level.
Statistics are open.
The level of risk to be endured from an individual trade is a matter of personal choice. But the level of risk is not dependent only on the number of pips between entry and stop-loss. This distance says nothing about financial exposure. It is the size of the position which dictates the level of financial risk in relation to account capital.
Beyond that, yes, its a technique that can be used which involves setting a very tight SL with a TP 5 or 10 times further ahead of price. In the event of a break-out triggering the entry order, yes, its likely price momentum will reach the TP first.
But if there isn’t a TA location for the SL, but it is found from the TP distance, then the calculation of the TP distance is critical - how is this derived?
I agree with you. The order volume determines the level of financial risk in relation to the account balance.
We recommend the maximum risk in one order up to 0.5% of the account balance.
The TP distance calculation is determined from the chart and the nearest resistance levels. We indicate how many pips can be earned to the maximum in this trade. Relative to the number of pips that can be earned and the stop loss needs to be calculated. Further, the trader must understand with what volume he can open an order and not exceed the risk limits.
Symbol: FRA40
Order Type: Pending Order - Buy Stop
Entry Price at 7190
Take Profit at 7220
Pips Earning: 30
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Symbol: USOIL
Order Type: Pending Order - Buy Stop
Entry Price at 77.00
Take Profit at 78.20
Pips Earning: 120
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Symbol: LTCUSD
Order Type: Pending Order - Sell Stop
Entry Price at 141.00
Take Profit at 135.00
Pips Earning: 600
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Symbol: S&P500
Order Type: Pending Order - Buy Stop
Entry Price at 4810.0
Take Profit at 4820.0
Pips Earning: 10
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Symbol: AUS200
Order Type: Pending Order - Buy Stop
Entry Price at 7650
Take Profit at 7700
Pips Earning: 50
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Symbol: BTCUSD
Order Type: Pending Order - Sell Stop
Entry Price at 42400.00
Take Profit at 41400.00
Pips Earning: 100000
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Symbol: AUDCAD
Order Type: Pending Order - Sell Stop
Entry Price at 0.9060
Take Profit at 0.9030
Pips Earning: 30
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Symbol: USDCAD
Order Type: Pending Order - Sell Stop
Entry Price at 1.2490
Take Profit at 1.2450
Pips Earning: 40
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Symbol: NATGAS
Order Type: Pending Order - Buy Stop
Entry Price at 4.900
Take Profit at 5.100
Pips Earning: 200
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Symbol: USDJPY
Order Type: Pending Order - Sell Stop
Entry Price at 113.60
Take Profit at 113.30
Pips Earning: 30
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Symbol: ETHUSD
Order Type: Pending Order - Sell Stop
Entry Price at 2800.00
Take Profit at 2700.00
Pips Earning: 10000
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