AUD/USD Swing Trade With 20 Pip Stop Loss And 200 Pips Profit Target
![Ahmad Hassam Ahmad Hassam](https://c.mql5.com/avatar/2016/11/582D7157-A728.jpg)
AUD/USD is a currency pair that is well behaved most of the time unlike GBP/USD and USD/CAD.
There are 2 things in my trading strategy: Stop loss and take profit target.
Before I enter into a trade I need to know what should be the stop loss and what should be the take profit target.
I prefer a small stop loss between 10-20 pips.
If the stop loss is bigger than 20 pips, I think the trade is too risky and don't enter a trade.
Take profit target should be between 100-200 pips.
Profit targets greater than 200 pips are most of the time difficult to catch.
So I never use a profit target greater than 200 pips.
Read this recent blog post in which I analyze a recent AUD/USD swing trade that made 200 pips profit with 20 pips stop loss.
The trade lasted 50 hours i.e almost 2 days.
Once I open a trade, it is set and forget.
Either the stop loss will get hit or the take profit target will be hit.