How many pips do you think is safe for SL ?

[ishvara]

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...

The number of pips depends on the traders trading style that they are applying in their trades. Scalpers set no sl, day traders set about 50 pips sl and the long term traders set hundreds of pips as sl in their trades.

[kutuk]

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...

SL is actually a good idea to use to avoid huge losses but SL also sometimes backfire, we use the SL and when prices are already touching the SL movement back then that makes us regret. I have done so far was when I kept playing and stayed in front of the computer so I do not put SL anmun when I lived for a long time so I put SL

[scorpian7]

You cant make a standard TP and SL pips beforehand. Since all depend on two factors : the first one is market situation and the second one is Currency pairs itself .

[sayem]

I think its depend on your balance or capital. also depend on your trading strategy and plan. if you trade long term then 200 pips maybe safe or more. but on short term trade 100 pipes is very big for set stop loss.

[sumonmia0526]

for long term trade can be 120-150 SL would be better and for short term should not more than 30 pips.but i saw several professional signal providers are giving only 50 pips of SL and 90pips of TP for their signal ..it's quite risky coz 50 pips can be turn possible in anytime or any moment

[Forexboy]

It is great for me to open a trade with a profit of 30-60 pips when I traded for a day or less. In case of long positions as one week or more, the profit is 100 pips. Anyway, we all have different mindset regarding profit in Forex.

[dadaa]

I think, depends on several things, and his type of trader. How large it is relative. This kind of thinking and calculation is part of money management. Some professional traders set a stop loss is proportional to the take profit is 1:3, so the Stop Loss and Take Profit = 1 is 3. If you're trading in the 10 times that 7 times in a row worth 70 points (1x10x7), and you win 3 times worth 90 points (3x10x7) then in total, you still profit by 20 points.

[avi]

According to my knowledge it should be greater than TP pips, But most of times i don't use Stop loss if we are trading with H1 then its better to have STop loss around 50 pips for H4 we should increase it.

[babu]

agr aap scalper hain to phir to aap ka stop loss kafi small ho ga, balkay aksar scalpers to stop loss ko use hi nae kertay. phir agr app day trader hain to phir aap nearest support ya resistance level per apna stop loss rakhian. or agar aap swing trader hain to phir start ya end of trend per apna stop loss select karaingay.

[dadaa]

I think the risk of three percent per trade is very smart and reasonable risk, the traders who take small risks succeed to protect their account balance that is the most important in trading.