optimal numbers for stop loss and profit target?

[Wach80]

Hi , whats the optimal numbers stop loss and profit target? are there general rules for these things ?

 

[radex78]

I think no as trader can put target as they want, but as trader they can use own rules to put stop loss and target based on their analysis, many trader use support and resistance area to put stop loss but some trader use risk rewrad ratio

 

[ETcallhome]

Hi , whats the optimal numbers stop loss and profit target? are there general rules for these things ?

I see no way a bracket trader can win. I don't use stops and I don't have targets.

 

[Martinghoul]

-42 and +42

 

[ETcallhome]

-42 and +42

that's why instead of entering now I just wait for minus 42 since that is where most stops are and I try to get out around +38 before all the bracket traders start selling.

 

[WildBill]

-42 and +42

Answer to the ultimate question?

 

[userque]

Hi , whats the optimal numbers stop loss and profit target? are there general rules for these things ?

My custom coded backtester can generate optimal stop-loss and profit-target levels. They are specific to the instrument.

 

[CME_Trader]

use candlesticks in your desirable timeframe for entry , high / low of entry candlestick would be an ideal place for setting stop loss. for exit you can use either a target set at a multiply of your stop loss (for example target = 3* stop loss) or whether a moving average for trailing your profit .

 

[K-Pia]

-42 and +42

H2G2 ?

 

[K-Pia]

The ultimate SL & TP are reversal or continuation based. Which is IF the underlying that moved into your favor is showing stronger reversal signs than continuation ones then TP ! IF there is more continuation than reversal signs while you're wrong then SL ! But SL has to be risk based too. Don't risk too much. And don't play too tight especially if you're unskilled. But in theory, the bigger the probability weighted Reward:Risk the better.