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My stop lost value is between 20 pips till 40 pips base on my strategy. I use fibonacci code to determine and setup stop lost value, so it is depend on the fibonacci level. Sometime it will hit my stop lost but at most time it is hit my take profit value, hehehe. Happy trading all...
it depends on your trading strategy , some strategy depend on big stop loss with little pips as profit
another strategy depend on take profit double your stop loss , and i prefer this type of strategies
so try to make your profit bigger than your stop loss
I think if you trade short term then 20-30 pips are can be safe. and if you trade long term trade then 50-100 pips can be safe for your trade. but mainly its totally depend on your trading plane and strategy.
SL depend on your MM and your Fund, we can be sure of our decision most of the time but it does not mean that it will really profit.l think there is no single trader that can be always right.since there are so many factors in forex trends.the best way for us is just to follow our rules.maybe not %100 gain but at least we will be at winner side.Quote:
Originally Posted by hector
According to my knowledge it should be greater than TP pips, But most of times i don't use Stop loss if we are trading with H1 then its better to have STop loss around 50 pips for H4 we should increase it.
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forex is best because here we managing our fund and if we experience trader then its true money will come( profit). although i invest in hyip because all hyips are not scam , there is so many hyips running from years but forex is my best then hyip. :respect::peace:
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 ...
You can make $250/day, which equates to $5,000 per month over 20 trading days in the fore market. Assuming you have a good fore education and enough practice, the big question then becomes: how much money should you start with?
Because the market unpredictability average with regard to major sets is around One hundred pips, maybe Twenty pips is enough since it is already 20% through market every day volatility. If this hit stop-loss, it means the prediction skipped and we don't have to suffer much more losses.
That is proper. That is depend upon how you are usually trade especially of your method. Don't ever tune in to other people setting your stoploss or perhaps take income because other folks number of desire to afford their particular loss just isn't same persons. Determine your better stoploss with visit your capital and also margin you employ to open place and most crucial don't ever just forget about your treatments for risk.Quote:
Originally Posted by smmilon1
I think more than 50 pips as a stop loss is risky, market movements is sometime towards up and after sometime it will down. Stop loss keeping with each entry is must for protecting our capital from a big loss. I keep my stop loss according to support, resistance and pivot points. First I analyze then calculate the stop loss before placing an order.