How many pips do you think is safe for SL ?

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Originally Posted by james

i sometimes use stop losses only when i am away if i am trading manulay then i decide by my self when to stop or not and yes it depends on the markrt conditions

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i that will be very risk brother, what will happened if your internet connection is down ? or your computer suddenly hang ? if i were you just set the SL at the point you cant tolerate any more loses:)

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Originally Posted by fravash

i that will be very risk brother, what will happened if your internet connection is down ? or your computer suddenly hang ? if i were you just set the SL at the point you cant tolerate any more loses:)

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yes i think you are correct because before i faced such due to net connection . i just see my position and dont put sl that time thinking that i am infront of pc and that time i lost net connection and that was newyork session and due to heavy movement of market i lost good number of pips . so i think its always better to put sl first then observe the open position.

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Originally Posted by dhenia03

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...

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ye strategy ekdum galat hai forex trading ke liye
kabhi bhi sl aur tp apne man se set nahi kiya jata
sl aur tp ki value hamesha market ek support aur resistance ke hisab se set ki jati hai

stop losses should be based on the type of trade one does. if you are a scalper, then your horizon is very short. it is better to assess the general movement of the pair and the loss should never exceed a certain percentage of the margin employed.

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Originally Posted by nilu

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.

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aap kya stop loss 50 pips ka hi rakhte hai har bar??
ye strategy thik nahi rehti kyunki SL haemsha support/resistance ke hisab se rakhna chahaiye
aise hi kisi bhi vaklue pe SL nahi set kiya jata

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Originally Posted by ghanchifarhan

from my point of view i think 50 pipes are mainly and acceptable for a SL.
i think SL is a way to minimize u r loss.
market is unmeasurable so SL is the way by which we can minimize our loss and save from high loss.
i think 50 pipes are good.

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I am agree with you because most of the time my terget also 50 pips and about your opinion of SL its really urgent each of our trade i think. because without sl i think we are taking very big risk when there are very much movement of market sometime.

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Originally Posted by Raja Krsnan

stop losses should be based on the type of trade one does. if you are a scalper, then your horizon is very short. it is better to assess the general movement of the pair and the loss should never exceed a certain percentage of the margin employed.

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I am a scalper with a target of only about 2-5 pips trading once, and I use a stop loss of 25-30 pips ...
but if I was playing a medium-term, sometimes using stop loss to 50 pips ...

I normally target 20 pips so i keep an sl of 20 pips, so it is either a gain of 20 pips or a loss of 20 pips never more, if it hits my sl then the trade was not good and i need to work on the entry, if i collect 20 pips then the trade was good and i feel happy about it, i never hunt for more, i feel whatever i get is profit in bank

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Originally Posted by Mr. Tukul

I am a scalper with a target of only about 2-5 pips trading once, and I use a stop loss of 25-30 pips ...
but if I was playing a medium-term, sometimes using stop loss to 50 pips ...

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i am scalper too , i set my SL just 10 pips and take profit is 5 pips. the comparison is 1 : 2 ( TP : SL)
small range but scalper have many Transactions in one time.

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Originally Posted by ghanchifarhan

from my point of view i think 50 pipes are mainly and acceptable for a SL.
i think SL is a way to minimize u r loss.
market is unmeasurable so SL is the way by which we can minimize our loss and save from high loss.
i think 50 pipes are good.

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for SL should be related with size of lots, how much money if SL has touched?

if you use SL 50, then how much you use Lot size ?
in my opinion use SL should be 5% risking our funds, This will be safer