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SL depends on your capital and also on how many positions and also on the lot size ... and also you have to think that how much you can afford to loose ... so if you open a small lot and not too many positions, then you can apply SL at 50 pips ... but if you open a bigger lot, then you need to apply SL at 30 pips, so you can reduce your losses ... so implementing SL is very important in the right place. and I do not think it's right to fix that we should have a stop loss on many of those ****, but we have to figure out which levels we fill is hard to hit so there is a small possibility of our trades running into stop loss and possibly to book a profit still more.
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I think using stop loss in your trading is a good idea but you have to learn how to set stop loss, because if you fail to set the right stop loss then you will not be able to gain success in your method that you use for forex trading and Stop Loss depending on the various conditions ... it depends on the individual learning, his account balances his experience etc ... so we can not generalize the right for the setting to stop my losses depending on the situation to trade. We use stop loss and take profit for each order.
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it would be better to place the SL higher than the TP we enter that name because after the price will make our first buoy because the payment is reduced spread, and this requires us to position SL bigger than our short-TP and scalping is short-term trading .. and scalping does not need much analysis so SL is required to set ,,, and i usually trade scalping style and i set 15-25 pips in every trade .
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It depends on your trade. If you are scalping then you should use 30 to 50 pips stop loss. But if you are trading for long term then you should use minimum hundred pips stop loss. But I think we should know trade for long term because we don't have big capital to hold trades for long term, so I think we should trade short term every should use proper stop loss to avoid big loss in Forex trading.
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I depend on different conditions but I think the one I use is 50pip, in fact it depends on the volume, the amount of money laverage etc so in different time different decisions have to take and There is no safe point to set stop loss, what should we do is setting the stop loss should depend on the risks we can take based on the money available in our account and the nearest support, resistance points on our charts.
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Stop the important losses to be used in trading and the arrangement depends on the merchant. Different traders, different stop loss arrangements. I set my trading stop loss of 150 pips because I trade swing trade. I left trading for a long time so I need lots of pips for my trades. Sometimes I set a stop loss of 200 pips. and, what I mean above is my SL for daily trading, but for scalping I will definitely make it tighter than that, and I use a minimum of 1: 1 risk to reward ratio, I never set it lower than it causes it to be easily explode your account
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To set stop loss do not put it by numbering and who can afford it or not. It should be placed at the point where you think if the market breaks through this point then it will change its trend and will move against you. It is a great place to put SL. And if not affordable then do not trade for now and wait for the appropriate position. It is more important for you that you must place a stop loss at the appropriate level so you can not hit stop loss immediately and you can benefit from that trade. Just go for the chart and get the main support and resistance level in that place you can place the stop loss.
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depends on how much funds in the account .., I manage a small fund to tide me my SL 20 pips., and also the same TP 20 pips, if I have another large fund which is sufficient to hold the margin, so I'll play with the intraday and I'll set the SL between 50-75, and if more than that may predict the trend will continue and certainly a long wait for the price will go back
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Yes, good enough to make the decision to place a stop loss before entering the position so you do not have to incur any losses from that position. Stop losses should be placed on strong resistance if my positions are sold and on support if a buy position and I think it depends on your capital and your trading plan. You can decide by calculating how many risks you can release. You can use some technical indicators as well. For example, you can use the Fibonacci retracement level.
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yes it is true if you see the market will change and move against ur order from you will be out of that order. but in my knowledge always use stop loss and take profit .. so if market profitable u that time you can edit tp..so u gan more profit. or use trailing stop for more comfort..but here in india. power problems are so dangerous so we use tp and sl..to avoid ... the tension remains. and I think trading should be stopped when I lose more than 50 pips. If I do not stop it within 50 pips, I will see an increase in losses in my trades. So how long will I wait for my profit to keep myself for further trade.