How many pips do you think is safe for SL ?

[nadimin]

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....I think better to install the SL between 30-50 pips.

[atjashim]

In the first time I was use 20-30 pip stop loss for every open order. But now at this moment I have change my stop loss plan for my trade. Now I am use my stop loss point to the nearest support or resistant label. And I hope that is is more profitable from my previous system.

[echowdhury]

Stop loss is a very nice concept for saving big loss but I do not use stop loss because I know that if I trade a wrong place and my money management is good so one time market turn back and get me profit. So for this reason I do not use stop loss. If I do it so I get loss but strong currency turn back.

[jamshaid ali]

Stop loss is totally depends on the situation of the make , if you think you can make profit out of it than you should continue and if not you should stop it what is your loss limit..

[sweetrevenge88]

When you set your stop loss too tight,meaning 10 or 15 pips only the market can easily hit that. I have bad experienced with tight stop loss that is why i am setting my stops at 20 to 30 pips because that would take time to be hit by the market unless there is abnormal spike going on.

[slametzz]

i think that if you want to put your stop loss at a good point then i think that you need to be doing a good practice on demo account and also you will have to be choosing the level of stop loss according to the market volatility and will have to be good in risk management

I agree. we have to put a stop loss accordingly. many events before the price past the point of take profit has touched your stop loss. and we are experiencing a loss. we must learn to use well managemen risk. to avoid large losses,

---------- Post added at 12:30 AM ---------- Previous post was at 12:27 AM ----------

i think that if you want to put your stop loss at a good point then i think that you need to be doing a good practice on demo account and also you will have to be choosing the level of stop loss according to the market volatility and will have to be good in risk management

I agree. we have to put a stop loss accordingly. many events before the price past the point of take profit has touched your stop loss. and we are experiencing a loss. we must learn to use well managemen risk. to avoid large losses,

[didir88]

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...

I've never use a stoploss and Take profit..because I don't want entry the market when I'm not sure about it..when I entry at the market i just only setup my trading plan with a 10% risk from my balance..I feel its more safety ..thats my opinion my friend..

[dmambi]

Stop loss setting depends on the volatility in the market, traders risk taking capacity and lot of other things and i feel there is nothing like safe setting. Still we can say that stop loss setting for 30 to 50 pips can be done for a better trading.

[ahyawa]

According to my knowledge, there must be greater pip TP, but most of the time I do not use Stop loss if we trade with H1 then its better to have about 50 pips loss STop H4 we should increase.

[natasha]

i think that if you want to put your stop loss at a good point then i think that you need to be doing a good practice on demo account and also you will have to be choosing the level of stop loss according to the market volatility and will have to be good in risk management