well that will depend on your risk reward ratio and so if you are aiming at say 40 pip as take profit then your stop loss should be 20 pip and also if your take profit is 100 pip then your stop loss should be 50 pip respectively
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well that will depend on your risk reward ratio and so if you are aiming at say 40 pip as take profit then your stop loss should be 20 pip and also if your take profit is 100 pip then your stop loss should be 50 pip respectively
It is good question that where i get use stop loss point? i think it depends on what types of trader you are. and what is trading strategy because most of the trader trades in their own style. usually i use 50 pips stop loss or some time 120 or 150 pips that depends on situation based.
Setting of SL depends on market conditions at present when you open trade as well as number of trades already opened and account balance. Even, trade style of trader also matter for SL. In general case, you may set SL as 30-40 pips are fine or do 1:1 with SL and TP.
Stop loss may depend on the volume you trading. if large volume trade then i use 20 pips stop loss. If the volume is small 0.1 then stop loss moved to 60 pips. stop loss is one of the most important thing which we have to remember while placing a trade.
I think that it's dependent to your account specifications, like your lot size , your leverage and your capital investment, for example if you have a 100 $ account with 1000 leverage then you can have a position with 10 lot size and 30 pips stoploss
bhaiya ji thik kaha agar volume 0.1 hain to hum 50 se 100 pips tak ka stop loss laga sakte hain lot size chote hone se hum kafi bada stop loss laga sakte hain lekin agar lot size bada hain to stop loss bhi chota rakhta hota hainQuote:
Originally Posted by harmolka
---------- Post added at 02:44 PM ---------- Previous post was at 02:44 PM ----------
bhaiya ji thik kaha agar volume 0.1 hain to hum 50 se 100 pips tak ka stop loss laga sakte hain lot size chote hone se hum kafi bada stop loss laga sakte hain lekin agar lot size bada hain to stop loss bhi chota rakhta hota hainQuote:
Originally Posted by harmolka
For SL...I think that only the 30PIPS are enough ...BECAUSE to use the SL you are considering that my capital should be safe....What is you can do is to place the SL at the nearest limit which is 30 PIPS because the difference of the 30 PIPS is necessary for placing the SL and TP.....
i do not think a static pip count is a good Idea for setting stop loss... I use support and resistance lines for placing stop loss and it is very logical to use support and resistance lines... if you do not know how to calculate support and resistance lines then use Indicator to place those lines automatically.
Well, that is a bad experience, and I have had that experience myself too. It is much better to use a SL and TP and then hope that the trade will hit your TP. If your internet connection goes off sometimes, then a trailing stop might not be of much use to you.
i think that if you want to put your stop loss at a good point then i think that you need to be doing a good practice on demo account and also you will have to be choosing the level of stop loss according to the market volatility and will have to be good in risk management