it all depends on your margin strength, better if you play long term sl can use as much as 20% of capital but if scalping 20 pips can be used as a benchmark. back to the traders who know the capital of each.
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it all depends on your margin strength, better if you play long term sl can use as much as 20% of capital but if scalping 20 pips can be used as a benchmark. back to the traders who know the capital of each.
my friend i think it depend in trader trade price . but I want to say for new trader , 10-25 pips is safe for new trader . they can be use stop loss for make profit easily ...Quote:
Originally Posted by Anytime
by SL touched the well should change again ... SL more or less precise less so ..
determine SL same as determining risk factors, and that's part of the trading system that can not be abandoned
your opinion is quite right. i want to add that the stop loss depend on the strategy one using. we have to keep in mind that we have make profit from forex. so if we can win in two trade and loss in one trade then on average we have make profit over this three trade. so it tp for two trade is 50 then total win = 100 point, so my sl must be below 100 pips that i got the difference as my net income. so we have to think combined according to my strategy that how much my gain in a week or in a definite point change.Quote:
Originally Posted by Anytime
Professional traders always use SL in any trading. In addition, they also limit their losses in the range of 3% of the capital they have.
So, that's what distinguishes an amateur trader trader with prof.
mostly i use 50-60 pips for my SL. because i use daily trading in EUR/USD, my TP is 30 pips and my SL is 50-60, then my ratio is 1:2. i think it is good enough for good money management and risk management
yes, 50-60 pips is a good SL for EUR/USD because this pair is really volatile it often more than 50 pips per day, so i think 50-60 pips is good for SL. i trade in EUR/USD also, and use 59 pips for my SLQuote:
Originally Posted by andyfx
if i use approximations to assign points sl sl = I will use as my tp tp 50 pips then sl that I use is 50 pips as well, but I generally use the analysis so sl based signal where if the market is in contrast to my position then sl I will be touched
I hope keeping SL, is depended on your strategy..! Always follow your strategy rules but in general it can be used as by placing the SL in the recent highs and lows ..! This will ensure good safety for your profits..!
Pivot points are really good tools to use in setting stop loss and take profit targets but the important thing about setting your stop loss is that you should give the trade enough space to manouvre and this means that your stop loss should be large enough.