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well tis is a function of what time frame is it that you have used for the trade entry because if its a smaller time frame then you will need a smaller number of pips for your stop loss like say 40 to 60 pips but if you had used a daily candle then you will be expecting to have something like the 80 to 100 pis as your stop loss because yout take profits too will run into hundreds of pips.
Stop loss is depend on our trading strategy. we can calculate our stop loss by using our risk management, or using support and resistent level, or we can use other way, it totally depend on the trading strategy that we use
if you are doing trades in short time frame like that of 1h and 4h charts...so you should set stop loss maximum of 20 pips because it is maximum amount of loss that should be bear in case of loss
No special SL and TP and it is totally up to how much the sense of general balance not believe broker and his tactics to consider. for me personally, we have sometimes 30 points for Soemtime when 50 points and the field but always calculate SL TP.
mere khayal se ager ap k pass acha balance hai aur ap acha trade krna chahty hai tou 50 pips se 100 tak
hii, stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. but I use double of take profit. this is safe for me. :) :) :)
ye to ap per depand kerta he ap kitna bardasht ker sakte mere khiyal 40 pip tak stop loss kerna thek jo bardasht kar sakte hen wo is se ziyada bhi ker sakte hen
it is depend on traders strategies some of trader no use stop loss but they are use small lot size and if market go against then they are open one more trade when they are think market will back now then they are open more position to reduce the loss and the aim of get profit.Quote:
Originally Posted by wnhw99
I think it is good for us that we should have the more better way of tradings in this market with more opportunities with good analysis. if the market is more good and giving more pure analysis then we need to put the tight stop loss so that we should not lose the more money as well.
i think just 25 pips are safe for stop loss in 4h chart and maximum of 15 pips are safe for stop loss in 1h chart...i am doing trade on these two time frames with these two stop losses