Fixed or Variable TP/SL?

Hello everyone. By the thread name I mean, when choosing a tp/sl do you always use the same amount every trade or you change it every trade depending on different things? An example, do you always use 200pip TP and 150pip SL every trade or do these numbers change trade to trade? Im asking because I see some people use fixed amounts every trade but others using different amounts and would like to hear the reasoning behind both sides. Thanks.

An exit should be always technical ... not theorical.

In other words, you must have a reason for an exit ... Fixed value has no logic.

Both methods can work. Just depends upon your trading style.

A technical trader might adjust the SL/TP according to the swing points, S/R areas, etc....
The technical trader would see a SL 10 ticks below a swing point & ask why you wouldn't pull the SL to within 3 ticks of the swing point & save yourself 7 ticks since it's probably going far beyond the swing point if it doesn't hold.
The technical trader sees a TP 3 ticks on the opposite side of resistance & asks why you wouldn't pull the TP just below resistance since price will have a hard time getting through so don't take the chance of losing the trade for 5 ticks.

A purely mechanical trader might have done enough study & practice to know that his/her system works really well just by using a consistent SL/TP of 10/30 so doesn't want to change the consistently profitable method by trying to "read" the price action. Sometimes overcomplicating a good system just makes the "simple" system worse.

A study was done where they took over 1000 trades just picking the direction with a coin flip. A risk/reward of 1:1 & 1:2 produced about break-even results but risk/reward of 1:3 & 1:4 were both profitable. Just goes to show that a profitable trading method doesn't necessarily need good trading skills or an adjustable SL/TP method.

(Personally, I prefer to place SL & TP according to sw. pt., S/R, S/D, etc.....)

Interesting. I will have to try and make an EA to trade with a variable TP and SL and see what happens. I would like to hear more people opinion.

My SL pips are variable, but the amount of money I risk on every trade is constant (constant to the degree that the lot step size allows me). And my TP pips are calculated according to the strategy based on which I'm opening a position. In short, I use fixed money to risk, and variable money to take as profit (my trade's SL/TP's are not fixed).

Market is dynamic...so is your SL/TP accordingly to your MM