How many pips do you think is safe for SL ?

[hammer]

I think we can use the TP 10 and SL 30 pip pip which I think is safe, but every trader has his own ideas about how to determine the TP and SL. all depends on the rules of the strategies we use, for beginners like me do not use the TP is too big, because it is very difficult to achieve

[akshay1728]

for calculating the safe sto loss you have to sue the support and the resistances and you can easily use the pivot pint for this which is i think is the best for calculting the stop loss and the take profit

[annura]

i think some wherever concerning 20-30 pips. however after all it shall be determined per your metric linear unit AN plans. risking our cash for a lot of extend is often some what stupid .we shall create AN acceptable place for SL's in our strategy.

[marunet]

For me i think there is no specific stop loss to be safety as there is thousands of strategies and each strategy has its own stop loss value that will be good for it as there is no specif value for stop loss that make your strategy good.

each type of stop loss will have a different size, because each type will use a different time frame, I prefer to use a daily time frame and use the type of swing, and I think the proper stop loss is 100-150 pips.

[ShoSho]

For me i think there is no specific stop loss to be safety as there is thousands of strategies and each strategy has its own stop loss value that will be good for it as there is no specif value for stop loss that make your strategy good.

[nobby]

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..

I quite agree with this argument, but I will also like to make an exception. Irrespective of market situation, it is important for the trader to put money management into consideration and this is in relation to the volume traded as at the particular time with respect to the amount of equity he has in his trading account. If the trader is willing to risk 50% of his account then he can set a stop that will wipe of half of his account if his analysis of the market is bad. Otherwise he can reduce his volume and risk less, which will allow him set a wider stop loss value.

[babu0089]

Thanks for your question,because it is very important question.Dear,setting stop loss and take profit depand on market situation.some times stop loss 30 pips and some time stop loss 60 pips.

[ghysalgreen]

I think the best sl is 1:2 to take profit,
if not, then I think it is not ideal

[senengsego]

when price touches the stop loss, it means not safe. and for my personal stop loss that fixed it less good, I prefer the stop loss with the viewing and paying attention to support and resistance that is closest, because the market is very dynamic.

[akshay1728]

the amount of pips that you must use in the stop loss varies from strategy to strategy and also with the lot size your using ....i think you must youse 30 to 70% risk ratio