my SL is 50-100 pips. it really safe and good for our trading if we use daily trading. our take profit will be 50-100 pips also. so we can use good ratio for our Take profit and our stop loss. dont trade with low profit but huge loss
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my SL is 50-100 pips. it really safe and good for our trading if we use daily trading. our take profit will be 50-100 pips also. so we can use good ratio for our Take profit and our stop loss. dont trade with low profit but huge loss
40 pips sub sa best ha zaydea tar ma na dekha ha ka 40 pips agar market ki movementek traf ko ho jaye pher
market us taraf ko he jayti ha 40 pips best mere kayal sa stop loos kar laye is sa zaydea theak nahi ha.
i used set up my stop loss from 30 - 40 pips for trades i take. But this time, most of trades i use my knoweledge for swing trade to set up it. i think there is no fixed level for stop loss or take profit.
If you are taking the trade at good level then you do not have to place the stop loss far away from your trade. so first you must have to wait till you get that position and then place stop loss near and take profit far away so that you can gain more than you lose from that trade.
I think, how many pips to put SL we need to calculate it lies in how our entry price. and how candle either above us or below us.
Stop loss in our trade, is very importand, because with stop loss we can avoid going to margin call . with stop loss we will be disipline trade to use our strategy system formulas.
trading without a stop loss so is risky, it is often the fear of losing money when cutloss more feared than the exposed margin call,
when the margin call is often the case when the open position without stop loss
Depends of your forex money management, according with your trading balance. You need to design your own money management (have a good risk:reward ratio), for be successful at forex market, alongside with a strategy according with your style (scalping, swing, long, etc...). For example, if you like scalping, I recommend you 20 stop loss plus, spread cost.Quote:
Originally Posted by kampret
the range of the pips that the price moved this day can help you to set the stop loss. if the price moved 100+ pips this day I should set the stop loos to 20 pips only because it moved most of the range and it will reverse soon. if the price moved 50 pips only I can set the stop loss to 50 pips as the price can continue for many pips on the same direction before it reverse
it's rely upon the combine being used.. count the average in daily movement in the tf being used than set the sl a little over or less coming from the volume every chart you employ.. jut that