How many pips do you think is safe for SL ?

[sripanut]

I think every traders has different opinion about this. In my experience, I usually set take profit in 5 until 10 pips and stop loss in 20 pips, because I use scalping technique and use time frame M1 and M5.

[dhalsem]

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...

It depends of the trader itself, its his decision to set it depending on the balance he have in his account and how much money can he afford to lose but setting it below 50 pips is not the right option according to me. but i said it always depends on the trader

[golpo20]

Possibility supervision is critical due to the fact fx is usually a incredibly dangerous enterprise which usually needs carefulness. The particular broker should manage threat by location your halt reduction about each and every deal which he executes in order that if your market place should go against your pet into a a number of level, and then this specific halt order instantly shuts your deal to avoid more failures.

[rathod]

trading plan that I made, always place stop loss 50 pps just to be able to make gains in one day 20 pps. This is part of the management in my trade. and I have the discipline to do it. and this could minimize my losses in a trade without having to lose all the money I had.

[puri]

true. risk used by the traders, all depending on the plan he used in the trade. I myself will make the risk 50 pips, and only took 20 pips profit. This has become a trading plan that I created, and I have to be disciplined with my plan

[puri]

stop loss with only 6-8 pips, is it realistic? opportunity to touch the stop loss is very large. even, I could say, would be hit stop loss if only 6-8 pips. I think, for the SL 50 pips is normal with TP 50 pips as well.

[aamu]

mein to apne trading aur avaialble equity ke hisab se mein apna stop loss chhoose karta hoon.basically mein scalper hone ki wajah se mein jaldi hi position close kar deta hoon so mein kabhi kabhar sl bhi nahi rakhta

[place]

for me, this is very difficult to determine.a true market stop loss determine is very important if you want to use this.but if you have not much idea about that then kindly please ignore it.or study about it.

[puri]

i usually trade using a scalping and trade with most volatile pair that is eur usd so i think i need to make a stop loss of atleast 20-30 pips for safe trading..their should be a different stop loss.pair wis

[rathod]

yeah u r right....its all depended on the strategy that we use for trading,...in case of stop loss must be use at stage where we can afford to lose it ...