How many pips do you think is safe for SL ?

[venkiaries61]

how many pips do you think is safe for SL ?

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...

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.

[blackprince4u]

but not all do such a thing. there are some scalper who use a script to open a position, so that SL directly specify. weakness scalper is not dare cut loss when experiencing loss. I guess it would spend all the profit that has been gleaned.

Yeah in scalping using sl is not good because price moves so rapidly that it might return. And scripts are Download-able from MetaEditor.Also use close script to close orders when there are requotes.

[arjun]

yeah, scalper ussualy do not use stop loss in their trading. all posisition they closed manually. that is so far i know.

but not all do such a thing. there are some scalper who use a script to open a position, so that SL directly specify. weakness scalper is not dare cut loss when experiencing loss. I guess it would spend all the profit that has been gleaned.

[pivot-trader]

Yes.SL input depends upon the type of trading too.The ratio i told is for normal swing traders.
But For Scalping i always feel that one should never provide SL since there are lot of chances to get SL triggered since its a very small value.

yeah, scalper ussualy do not use stop loss in their trading. all posisition they closed manually. that is so far i know.

[zoomfire]

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.

Yes.SL input depends upon the type of trading too.The ratio i told is for normal swing traders.
But For Scalping i always feel that one should never provide SL since there are lot of chances to get SL triggered since its a very small value.

[pivot-trader]

it's all true friends because we all have different targets at the base of the type itself if scapling traders will stop when they gain 20 pips or less while for longterm treder they will stop with a large pips

short trader different with long trader. for long trader they can hedge their posisition until several days. for scalping max is 1 hours.

[denira]

in my opinion each trader have their opinion about their stop loss point. such as for me 20 pips each trading is comfortable.

it's all true friends because we all have different targets at the base of the type itself if scapling traders will stop when they gain 20 pips or less while for longterm treder they will stop with a large pips

[pivot-trader]

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.

in my opinion each trader have their opinion about their stop loss point. such as for me 20 pips each trading is comfortable.

[blackprince4u]

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.

[andry777]

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.