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I don't really think there can be a definitive answer to that question. Different people with different trading style and different strategies consider different number of pips to be safe for SL. I personally never keep the stop loss level more than 35-40 pips. I am not willing to bear a loss more than that. Although I have seen people who would keep the SL as high as 200 pips.
actually good if trading without a stop loss, just rely on cut loss if wrong ..., but not so good when we loss we did not have the heart to cut losses and continue to expect prices to follow our predictions and finally met at Margine call
if I do not use stop loss trading. (I am one cent account)
but not really small initial (5000 pips lots initial resistance)
I am only averaging in every 100 pips up to 5 steps.
yes if in my opinion you should not use stop loss, better hedging only,
because usually the price back again.
I also frequent trading without wearing sl sl because if only 10 points now fit achieved continued op
in the opposite position with the same sl price reverses how it turns out.
fundamentally important information there
and supporting technical analysis can profit even though weve I often mc
Trading without use the SL does have to have guts, besides the guts to make a profit as well as to dare to accept the fact if the predictions are wrong by doing cut loss.
I think many factors that shall be considered for the OP without SL, using a proven system that sharpness is key .. But if we do not know the character of the system in use, try to use SL, at least 30 points .. All for accounts that we traded ..
maybe we should be able to self-control ... because emotions really dominant influence on trading without SL ... be prepared to lose should be prepared to accept the reality if the analysis is wrong and ready to cut loss ...
I used sl 500 pips. When the trend is against us as much as 500 pips, it means we've made a mistake prediction VERY WRONG ....... I think 50 pips is very ideal as resistance. When we are good analysis, prices will follow our OP is not possible if there is a correction to 500 pips.
i will set half from my target pip for SL , example target profit 100 pip , sl would be 50 pip, bear in mind profit must have double from your stop loss, than you can only smile, however trade with smartly rather than blindly trade.