Suggest how to take profit

Example you opened a 0.01 trade in the M5 timeframe. What way do you use to decide how many pips(or points)you want to make before you close the trade?

At least two positive impulse waves, or if you want to trade based purely on money, then have a minimum profit and loss.

If you trade with $100, you may want at least a 3-5:1 RR.

Or to put it in real dollars, for every $1 you risk, you want to make at least $3-5, if you risk a $1 loss on bad trades.

You can't decide how much the market will give you. You can only decide how much you will take.

Look at your entry set-up. I will probably have several TA features. My advice is that once you're in the trade, look for any one of those features disappearing or turning negative. At that point take the profits. When it turns positive again you can get back in and take another win.

It is true what tomorton said.

your take profit target is where you think that the price will touch that level, It depends also in your strategy.

let's say that you use moving average as trailing SL. The minute you see that price crossing below MA you want to get out of the market.
Using that scenario your TP would be the order open price - order close price. This number would be different depending on the market moves.

having a RR ratio is convenience if you don't want to looking at your chart continuously. It is advisable if you already backtest your strategy before set your RR ratio.