How many pips do you think is safe for SL ?

[ahmedyousef33]

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.

[nour]

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.

but not all doing any such thing. earlier this scalper who use a script to open a position, so that SL directly specifying. scalped the dared weakness is no cutting when the loss of a loss. I guess it would spend all the profit that has been gleaned.

[sammy]

actually setting stop losses is part of risk management and it is not eact science. you have to realise that you cant afford to risk a lot of percentage of your amount per trade so you have to be protective about your account, whether the stop is 50 pip away or 200 pip

[ishvara]

20 to 25 pips are safe for stop loss if you set it on more value then it give you more loss therefore you must watch the market and then place your order other wise you go in loss.

25 - 30 pips that you have mentioned is enough SL for traders in day trading strategy who are using mostly the 1 hour or 4 hour charts. The long term traders can still use 200 pips as their stop loss. This shows that SL in forex is not fixed, it depends on our trading style and strategy

[mark]

i cant lose more than 30 pips. i have a stop loss of 30 pips most of the time so that means only 30pips loss if my deals goes wrong. so you can say 30 pips is my safe stop loss and i dont use any calculation to set the stop loss.

[taxila60]

yar ma to forex me new hon mujhe mere friend ne batya hai forex ka is lie mujhe is ka itna nhi pata abi trading sekh rh hon or us l baad demo account ko use kron ga or us pay practice kron ga to tb shaid is ka jwb day sakon

[maulana]

i think how many sl for each trader is different... it is depending from their trading plan, money management, and their risk management... but, most of trader use risk management only maximum 3% per trade... i always use that, and i usually setting 30 pip for stoploss... but that is depending from price direction, if market still same direction with my analysis i will let the price go to my tp...

[dimpal]

I think Sl aur Tp account size pe depend karta hai ki aapki equity kitni hai aur kitne lot size use karte ho. Generally me Apna Sl 60 pips rakhti hu Aur tp1 30 pips tp2 60 pips aur tp3 100 pips. Aur jab tp1 ho jaye to BE pe aapna trade lati hu.

[waheed01]

if indeed you are often touched stop loss you may need to widen the longer distance of your stop loss price running and this may provide opportunities for the hard hit stop loss

[assi]

Good stop loss and take profit are the key point to get some good money from the forex and if the stop loss and take profit will be good then we can manage the money well for more better tradings.