How many pips do you think is safe for SL ?

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Originally Posted by mimunaislam

20 to 25 pips are safe for stop loss if you set it on more value then it give you more loss therefore you must watch the market and then place your order other wise you go in loss.

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25 - 30 pips that you have mentioned is enough SL for traders in day trading strategy who are using mostly the 1 hour or 4 hour charts. The long term traders can still use 200 pips as their stop loss. This shows that SL in forex is not fixed, it depends on our trading style and strategy

actually setting stop losses is part of risk management and it is not eact science. you have to realise that you cant afford to risk a lot of percentage of your amount per trade so you have to be protective about your account, whether the stop is 50 pip away or 200 pip

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Originally Posted by blackprince4u

Yeah in scalping using sl is not good because price moves so rapidly that it might return. And scripts are Download-able from MetaEditor.Also use close script to close orders when there are requotes.

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but not all doing any such thing. earlier this scalper who use a script to open a position, so that SL directly specifying. scalped the dared weakness is no cutting when the loss of a loss. I guess it would spend all the profit that has been gleaned.

i think some where about 20-30 pips. but of course it shall be decided according to your MM an plans. risking our money for much extend is always some what stupid .we shall make an appropriate place for SL's in our strategy.

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Originally Posted by swapan

I generally open a trade for one to four hour. I give the stop loss twenty pips and give take profit forty to fifty pips. I think, it is good for me. Sometimes, I loose some money. But, overall I can earn about thirty percent per month.

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Good money management. i think you have good calculate by the comparison of risk and reward you choose. Certainly many trader will make a low risk comparison with the reward, but i think is only happen in intraday trading or swing.

It is very difficult for me to tell. There are many opinion of this. Some of people say 12 is the best. Some say 15. I am very Confucius. Please help me. What is the correct for me.

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Originally Posted by Anytime

Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.

Share your views...

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Setting stop loss and take profit depends on market situation..

sometimes you can set stop loss to 50 pips only and

sometime you can make it 200 pips..Its all about your study and market condition.

i think that if you want to put a safe stop loss then i think that you should be having a nice trading experience and i think that you should put your stop loss according to the market volatility if you want to trade safely and to survive in forex

first to ye hy k me hud SL nhi lgata q k me khbe loss me pani position close nhi krta...dosre bth me khugna k SL ko hmesha large krhna chahey tsky market asan ise wo hit na krly...nhi toh loss and risk ko control krny k ley hedging ki jay...

If you are scalper then you can use 15-20 pips for stop loss but if you are long term trader then you can put this after making proper analysis. Without analysis it can be make you more loss on trading.