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Boobwood:

Thanks a lot For this Detailed advice, Thanks again for time you take, I need read it several times to understand it completely.

There is actually nothing wrong to use the Ask±n to define SL/TP of a buy. It's a matter of choice.
Alain Verleyen: There is actually nothing wrong to use the Ask±n to define SL/TP of a buy. It's a matter of choice.

"Using the Ask±n, makes your SL shorter and your TP longer, by the spread."

William Roeder:

"Using the Ask±n, makes your SL shorter and your TP longer, by the spread."

You are talking about how much the price has to move to hit your SL/TP. It's your choice to do it this way.

Most people want to set a 10 pips SL (for example), so that when their trade closed they lost maximum 10 pips. They don't care if the price has moved 11, 12 or whatever pips to reach it. That's an other choice.

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