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
Brother I think you should place stop loss value according to support and resistance values..It should not be placed like the way your are placing..
You should have knowledge about support and resistance and then you have to place your stop loss and take profit
well it depends upon the need.But always its not wise to have like this TP=SL.
For beginners i recommend 2:1 ratio.
if TP is 100pips have SL as 50pips.So that if you lose a trade also,atleast the last trade's half profit will remain.
Yes that was right. There is no exact rule to determine how many pips which is good for all conditions. It will depend on condition and our style of trading (short-term trading, daily trading or long-term trading) because each trader will be different. And about ratio, I prefer to set SL point in higher than TP because SL is limit which describe that we made mistakes in analysis. If our SL is hitted several times, it means our analysis is not good enough.
There are no fixed amount that can be said as a good value because by hitting sl you always get losses.But it depends on you that how much loss your account can tolerate and also you have enough free margin to open another position.I usually do not risk more than 5% my equity on a single trade and mostly 2 trades at a time.
Still now, i used only take profit. Stop loss is unnecessary thing for those whose follow money management. If you found reversal movement, wait for the movement to touch the take profit.
You hedging to make profit. I used 4 stop loss in the trade. market does not my take profit, it always touch stop loss only. So only, i decide this method and following this.
i think some where about 20-30 pips. but of course it shall be decided according to your MM an plans. risking our money for much extend is always some what stupid .we shall make an appropriate place for SL's in our strategy.
You are right putting sl on long distances is just because we don't want to lose our money and we think that price will hit our tp rather than sl but that is a bad attitude if the trend is reversed don't keep your position open and close it and concentrate on your next trade.
I do not agree with you,
I think SL should be set since the beginning of the analysis, since the beginning of open positions.
so we do not need to be confused when the price floting loss.
because if not, cut loss will be strongly influenced by the opinion.
i don't know but there are many expert and great traders who don't use stop loss in their strategy . may be it depends upon everyone's plan in Forex. and also on MM .
but i do prefer to use a stop loss in my strategy .as i have encountered many situations where i got into deep trouble without a stop loss.
In my opinion stop loss is a necessary evil for the newbies, its very important to stop the amount of loses using the stop loss because generally newbies learn with a small deposit. And you are right some big traders can do without stop loss because they have sufficient balance in their trading account to manage without stop loss. thats the only difference.
stop loss use karna bahut zaruri hota hai agar aap norm,al day me trading karte hai..
lekin agar aap abhut ache rate pe sell ya buy karte hai to stop loss ki zarurat nahi..
bahut ache rate ka matlab all time high pe paas ya all time low ke paas