in my point of view it should be greater than TP pips, But most of times i don't use Stop loss and if we are trading with H1 then its better to have stop loss around 50 pips for H4 we should increase it.......its my opinion......
in my point of view it should be greater than TP pips, But most of times i don't use Stop loss and if we are trading with H1 then its better to have stop loss around 50 pips for H4 we should increase it.......its my opinion......
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i believe the worth you've got urged just works in case the orders were executed within the whole smaller timeframe - from m1 to m15. its hard to place a stop loss as small as 10pips for trade executed in higher timeframe, merely as a result of worth might moves 20pips in one candle before going returning to the direction of one's order. just the trader himself will decide whats one of the best stop loss and take profit quantity as being used as a result of just he is aware of his trading systems fine.
well i find the support and resistance if we have the support and resistance then i set above the previour candle and the previous resistance and support reistance level. this is the perfect place for the stop loss and we have need to set the stop loss like that.
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In my view point the 40 pips is better for trading.
but i use only T.p and not use SL.
if T.P hit i got profit other wise trading is unlimited according to my account Balance.
it is for long time period trading.
Best regards
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I think it's safe to 20 pips stop loss, but for the pair EURJPY I used a stop loss 25 pips because in the more volatile so that EJ will be safer if SL is longer. But also noticed the high low of candle if there is such thing then it depends high low candle, SL could reach 45 pips.
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If we set stop loss in long distance means we risk more money currently i am waiting for the market to touch my take profit i'm not able to trade so only i mention better to close.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think stop loss may different by different trader. some use half of the take profit or some use double of take profit or some use manual. Good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I adjust them according to the market situation. So it's hard to say in pips, but usually I use some ratios like of 1:5, 1:10 or even 1:15. In other word, if I just wanted to earn 100pips, I just put 500pips for SL (Stop Loss) like that. I use 1:15 ratio for long term trades and it's glad to say, most of them were not hit SL easily. But you need some more money for that.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think 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.Good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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