i think that is really too small to put the SL on around 6 - 15 pips only, better according to the analysis that we have make , don't use that small of the stop loss it can make you being dangerous on your trading
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i think that is really too small to put the SL on around 6 - 15 pips only, better according to the analysis that we have make , don't use that small of the stop loss it can make you being dangerous on your trading
I prefer for me I work with a SL of thirty to fifty pips when I want to trade for a day or less. In case of long positions and for a week or more, the SL is hundred pips. Anyway, we all have different mindset with regard to all of them are SL strategy.
ledkin aap ketna pips stop loss ka liye place karte ho ? aapka target 30 to 50 pips hai. to kaya aap 100 or 150 pips sl place karoge ? or 70 to 100 ? that means target se bhi jayada ? mujhe determine karna nehi ata hai.
sl use karna mujhe bilkul pasand nehi hai and karna bhi nehi chahta hu,ma dekha ha ka market up aur fall bohoot karte hai ledkin market agar huge falll karta hai to wo phirse back bhi karta hai.ledkin uska liye wait karna parta hai.
I think the risk of three percent per trade is very smart and reasonable risk, the traders who take small risks succeed to protect their account balance that is the most important in trading.
agr aap scalper hain to phir to aap ka stop loss kafi small ho ga, balkay aksar scalpers to stop loss ko use hi nae kertay. phir agr app day trader hain to phir aap nearest support ya resistance level per apna stop loss rakhian. or agar aap swing trader hain to phir start ya end of trend per apna stop loss select karaingay.
According to my knowledge it should be greater than TP pips, But most of times i don't use Stop loss if we are trading with H1 then its better to have STop loss around 50 pips for H4 we should increase it.
I think, depends on several things, and his type of trader. How large it is relative. This kind of thinking and calculation is part of money management. Some professional traders set a stop loss is proportional to the take profit is 1:3, so the Stop Loss and Take Profit = 1 is 3. If you're trading in the 10 times that 7 times in a row worth 70 points (1x10x7), and you win 3 times worth 90 points (3x10x7) then in total, you still profit by 20 points.
It is great for me to open a trade with a profit of 30-60 pips when I traded for a day or less. In case of long positions as one week or more, the profit is 100 pips. Anyway, we all have different mindset regarding profit in Forex.
for long term trade can be 120-150 SL would be better and for short term should not more than 30 pips.but i saw several professional signal providers are giving only 50 pips of SL and 90pips of TP for their signal ..it's quite risky coz 50 pips can be turn possible in anytime or any moment