How many pips do you think is safe for SL ?

[forexstudentforever1]

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...

Hi Everyone, depends on how much funds in the account .., I manage a small fund to tide me my SL 20 pips., and also the same TP 20 pips, if I have another large fund which is sufficient to hold the margin, so I'll play with the intraday and I'll set the SL between 50-75, and if more than that may predict the trend will continue and certainly a long wait for the price will go back. Thx.

[taufiqbd]

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...

In my experience in forex trading a trader have use stop loss where his loss is 2% and use take profit where his profit is 5%. I always use this formula for trading. But main matter in forex trading is every trade must be open on analysis basis otherwise any theory do not work properly.

[abdelmouman]

i think it depend with your analysis because if you enter in a a resitence point i think you need to put the stop loss near and just when you see the market break this point close your deal and if you enter rondom put the take profit more than the stop loss always like30pips take profit 20pips stop loss

[100 to 1,000]

I used to use margin, and is independent of number of pips, which is 30% of total capital, as if I was not willing to lose more than 30% of my capital in trading, it is a standard rule commonly used by traders. .

your strategy is good. so you are basically base your stop loss in the number of dollar on pips...
i want to know more about this kind of strategy because i always look for better ways to do trading.

[abbasi]

The number of pips I consider is actually secure with regard to SL and the quantity of pips I think is usually protected intended. In case you are proffesional dealer, you may get plenty of pips plus more correct solution to observe several pips you will need to get a risk-free quit. You might be continually shedding pips any time investments struck.

[chesterxx]

I used to use margin, and is independent of number of pips, which is 30% of total capital, as if I was not willing to lose more than 30% of my capital in trading, it is a standard rule commonly used by traders. .

[The Queen]

In a war there are two things one is victory and second is ..... so when profit there is loss.... market can ups and down but never loose ur confidence and always take a look for new prey always available you can stop loss and can get profit if u r in confidence

[Nasim]

Stop Loss is a very good ruler for stopping our losses. It can minimize our losses during trading. But it has also some disadvantages, such as, a big spike can make your profitable trades into losing trades. That's why stop loss feature does not always helps the trader and I generally do not use it.

[want2brich]

I think you should set 50 pips for Stop loss, so you can avoid losing too much your money when the market trend reverse. But It also depend on your strategy, If you have a long-term trading, may be the Stop loss can set bigger.

[Tozammel]

It depends on the market condition and time frames.
Small time frames suggest small stop loss.
On the other hand it is vice versa for large time frames.