Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.
Share your views...
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Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.
Share your views...
mere hisab se 50 pip hi thik hai stop loss k liye. agar hum wait karnai ka socte hai toh woh loss maximum hi hota rehta hai 50 pip thak thik hai stop loss karna ya usse kam mai hi mai kahuga stop karke nikal jane ka...aur phir koi dusre trade mai profit ka dekna ka.
Setting stop loss and take profit depends on market situation..
sometimes you can set stop loss to 50 pips only and sometime you can make it 200 pips..Its all about your study and market condition..
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.
stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. but I use double of take profit. this is safe for me.
well main apna sl pips ke hisaab se ni rkhta. main last support or resistance k hisaab se sl set krta hu..lekin jab mere trade proft me hota hai to me apna sl change kr k trade open price se 4-5 above set kr deta hu....
es trah meri trade close hone par b me 4-5 pisp profit me hi rahta hu.
i think SL should be of 50 pips i usually keeps sl with 50 pips and tp at 50 pips when we are in profit we can use SL as to avoid loss in our trades as like take profit i mostly using it
I think there is no particular SL and TP and it depend fully on trader and his/her strategy and depend on how much balance there . for me soemtime i select 30 pips and sometime also 50 pips and it depend on market but always put same in tp and sl.
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 ...
yes friend you are absolutely right..
stop loss depends on various conditions...it depend on individual,s study, his account balance, his experience etc..
so we can not generalize the exact pips for setting stop loss..it depends on situation to situation and trader to trader