see rule #5: use 40 PIPS Stop Loss for all trades.
as for a TP stop, you have 2 alternatives:
1. either let the trade run and close it at the end of the day (between 23:00 - 24:00 GMT), or
2. take profit whenever you feel comfortable with it.
when you're stopped out, the trade is automatically reversed because that's how you set up the system at the beginning (see rule #3). as for how many times you should keep doing this, depends on your risk management.
as for a TP stop, you have 2 alternatives:
1. either let the trade run and close it at the end of the day (between 23:00 - 24:00 GMT), or
2. take profit whenever you feel comfortable with it.
Nihil Sine Deo.