but the action is very wise if we are able to cut loss when floating minus, because there will be no signal that we can find to do the OP again.
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but the action is very wise if we are able to cut loss when floating minus, because there will be no signal that we can find to do the OP again.
i use 60 pips as my SL, i trade in EUR/USD and this pair is really volatile pair. i think 60 pips is good and safe for SL. and if the SL is hit then the price will more trending, because this pair is have high range movement per day
It is different for different time periods. Suppose if you are trading from time frame 1 h, then 30 to 40 pips Stop loss is ok and if you are trading from4 time h, then 60 pips stop loss is maximum if the negotiation with loss of downtime daily frame is 80 pips is maximum. thank you
I think that a trader should use stop loss about 20 pips away from the opened price.Many traders don't want to use stop loss as it may touch the price and automatically close the trade which creates a loss.So they avoid it, but a trader should know that using stop loss can save our account at any market movement.Traders who don't use stop loss are bound to make loss.I have also lost huge capital.So i suggest all to use stop loss.
I did not specify the number of pips sl but based indiator that I use as a function sl for me other than to limit losses as well as references that I was wrong to do the analysis, so it actually takes into account as many events this sl prices move in line with our predictions but we sl first touched the end we only regret
I am using scalping so i use 20 pips on stop loss. I think 20 pips is best for every scalper trader. But if you trade with long term strategy then you need to set your strategy basis .
it depent on which time frame you use and what is you money manage ment
how many pips the right to stop loss? This depends on how much time frame that is in use. if using 5M TF I put the stop loss and take profit 10 20 pips. greater TF is used, the placement of SL can be added
Yes my dear friend you discussion is very good . I think stop lose is very importance in fore life. so it is own thing. any body can give stop lose 50,30,20 . so you wish you can give stop loss as you like after understanding market.
Thanks
I usually use a pip SL enough to put me, because I do not want my SL easily touched. but clearly using good management in the use of lotnya, because I do not want my SL when touched, it becomes a big loss for me. so I always take into SL, and a lot of capital that I have in taking the position.