How many pips do you think is safe for SL ?

Ideally we have to set the stop loss at 30 pips and anything more than that is not advisable at all. This is because if we are going into a loss of 30 pips then it clearly means that the trade is totally wrong and we need to revise our study and again make the trade with the correct market sentiments

The SL shall be decided by the traders according to what fit them best. Personally I use a 30 pip SL . I think that is the best thing working on my strategy . i wont want to get a lot of these pips to see in SL.

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Originally Posted by aryan

i that will be very risk brother, what will happened if your internet connection is down ? or your computer suddenly hang ? if i were you just set the SL at the point you cant tolerate any more loses

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yes, for me many times power went off and i was not able to get connected.And finally when the power came i opened the terminal and i had got MC and my account was destroyed.

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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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main wese to manual trading karta houn lekin phr bhi sl k mutaliq thurra bahot experince ha to main to yahi kahta hnn k sl ko double rakhna chiye tp se es taran app kafi save hotey ho or wese chart ka mutala karne se bhi app us wqt sahi andaza laga saktey hane

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Originally Posted by shibilyt

The SL shall be decided by the traders according to what fit them best. Personally I use a 30 pip SL . I think that is the best thing working on my strategy . i wont want to get a lot of these pips to see in SL.

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Different traders use different stop loss based on their targets , strategy and trading style and they place it accordingly.I like to put stop loss at minimum 20 pips for the small trade as well.

Stop loss and take profit will vary from person to person and depend on our trade set up. Since i am not using stop loss in my trades i can not comment on much. but still i believe the stop loss should be placed by keeping in mind the support and resistance zones near to the price.

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Originally Posted by dmambi

Stop loss and take profit will vary from person to person and depend on our trade set up. Since i am not using stop loss in my trades i can not comment on much. but still i believe the stop loss should be placed by keeping in mind the support and resistance zones near to the price.

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I want to always use the TP and SL, I use a low setting money management, I only have a small capital, and are usually encouraged to be greedy. very difficult to be disciplined, I several times violated trading rules, so some times it fails, I do not want to repeat the same mistakes, in order to succeed

फिर बाजार की स्थिति और व्यापारी के प्रकार पर निर्भर करता है अगर आप scalper हैं तो वहाँ रोक नुकसान की कोई जरूरत नहीं है अगर आप लंबे समय tradee हैं तो यह रोक नुकसान का उपयोग करने के लिए आवश्यक है

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

I think 20 pips are a bit high for M15 chart because i don't think that trend on a 15 minute chart is strong enough to give us 20 pips. Can you tell that what strategy you use to trade on M15 chart and gain 20 pips per trade.