i think if we trade to take standard profits then 30 pips should e enough but 20 pips is lot of easy to take for me.but if we think as professional then 300 pips is good for long time trading.
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i think if we trade to take standard profits then 30 pips should e enough but 20 pips is lot of easy to take for me.but if we think as professional then 300 pips is good for long time trading.
Any trade which is less than a 100 pips strength and sustainance is of a great risk to the losses. It is also sometimes good to have the trades having take profits at 300 pips and the stop losses at 200 pips.
main apna SL hamisha hee support aur resistance per rahkta hoon aur main forex ki forecast (actionforex) sey b help leta hoon us say app ko aik idea mil jata hy. MCAD aur RSI b meri Help Kartey hain apna SL laganey main. its make easy to analysis forex market.
it all dpends on your strategy, like 10 pips for scalping, 20-30 for day trader and up to 80 for swing trader
i prefer day traidng and my stop loss is alway s maximum 20 pips to avoid big loss
Stop Loss: It is a price determined by trader up to stop the loss and get out of the deal, if open trader a deal and then the price moves against him to reach the specified stop-loss limit then immediately close the deal "even if it were not rolling in front of the computer.
The stop loss can be determined by the number of points such as 40 points, for example, "or by selecting a certain amount is subject to loss as a percentage of capital does not exceed 3%.
I believe in what you are saying here. In order to successfully choose the very best forex safe stop loss for us, i already believe that it depends on the trading style and strategy that we are applying in our trades.Quote:
Originally Posted by warnisw
basically it depends upon your strategy and the time frame you are trading, it mostly depends upon the time frame for shorter time frames it's better to go for 5-20 pips at most and for bigger times frames you can use bigger stop loss like 30-50 pips for 30min to 1 hr chart
ending loss may distinguishable by varied trder. few use half of the fuck profit or some use multiple of position profit or whatever use drill. but I use treble of stomach profit. this is secure for me.
If your strategy is good then you can make your stop lose and take profit with good confident. It is very good to use take profit and stop lose. I also use it. If you think your strategy is good and your balance is good then you can make suitable take profit and stop lose.
Actualy its depend on your trade, your account leverage, your equity and news so at first you have to calculate your everythings then you apply stop loss like if your equity 100$ and you apply a ordered 0.01 vol then you can use stop loss 50 pips.