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i sometimes use 50-100 sl for every my position. i apprehend it seem big, other then im using h4 time frame as my default chart, thus in the slowness on your value moving i will still manage to actually make an exit strategy incase the market go wild. other then from my experience, as a result of im solely enter the market if ive got confirmed signals, ive never get touched by this sl.
yes stop lose and take profit is depend upon market condition. but if you are willing to get a good amount of balance then you certainly will set your stop lose with big pips. i believe you ought to set stop lose and take profit with support and resistance levels. i too set my stop lose and take profit with support and resistance levels.
yes i believe you can correct as a result of before i faced such due out to net connection. i simply see my position and dont place sl at that moment thinking that i'm infront of pc and at that moment i lost net connection which was newyork session and due out to heavy movement of market i lost sensible variety of pips. therefore i believe its continually higher out to place sl first then observe the open position.
i believe that if you trade when using the pivot purpose you may utilize stop loss by your break of a purpose with 5 or 10 pt however if you simply only trade with smart strategy and best management i believe that you may use 50pt as take profit and 30pt for our stop loss
it's more vital to actually you you need to position the stop loss at appropriate level you can' that you could not get hit the stop loss immediately and maybe you get profit from that trade. simply choose to the charts and aqcuire the major support and resistance levels at that place you'll be able to position the stop loss.
in my opinion about 50 to 60 pips are suitable for the stop loss option but it depends totally on the choice of the forex trader and the stop loss volume is dependent on the forex trader staretgy and what he wants and also stop loss volume in pips depends upon the trading account capital.
I think SL depond on trading plan and of the volatilite of the market. iam using a SL=~2*ATR (considere that ATR is volatilite). exemple for EUR/USD time frame 1H ATR near 25~30 then SL=~50
G mkhy lagta ha k ye markrt py depend karta ha k market is time kis position main ja rahi ha to usi hisab sy sl laga akty hain but mjhy lagta ha k humy TP/SL ko use karna chahye.
SL (Stop Loss) is the most important thing that should not be left behind when we are trading in this case can be interpreted that the SL we can survive without trading a trader who uses the same SL he was driving a car without a steering wheel with a very dangerous short time could have been you lose all your equity but need to know SL can also be our enemy when we plug placement was not appropriate or not to put undue SL so if you try to put it under the last resistsnce hopefully this can help you. :)
sl should feature a smaller level of tp, or tp is larger in comparison to the stop loss. by utilizing the calculation, that once you loss of take more profit, then you might want to still profit after accumulation.