How many pips do you think is safe for SL ?

[nuh514]

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...

My stop loss in the trading is not variable but rather it is fix and I take the sop loss at 32 pips per transaction which is I think affordable and also I put take profit at the same amount of pip. This strategy is quite affordable and reasonable for me.

[sinaga]

I think its depend on your trade and trade volumes. if your trade short term then you can set your SL to 50 pips and if your trade is big then generally you can set 100 pips SL for safe. other ways its all depend on your own strategy.

very true friend. I liked your comment. before we do the trade, we must be good at calculating how much risk of loss for the open position. possible for me, I would put stop losses 50 pps, just to make a profit 20 pps. and even then I had to wait a good position before the trade.

[sayem]

I think its depend on your trade and trade volumes. if your trade short term then you can set your SL to 50 pips and if your trade is big then generally you can set 100 pips SL for safe. other ways its all depend on your own strategy.

[anitagala124]

You are right putting sl on long distances is just because we don't want to lose our money and we think that price will hit our tp rather than sl but that is a bad attitude if the trend is reversed don't keep your position open and close it and concentrate on your next trade.

[anitagala124]

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.

[anitagala124]

I didn't got the reason that why should not put sl for gold. Because gold is also volatile and it can blow or account in an hour. Can you please explain it.

[anitagala124]

I think 20 pips are a bit high for M15 chart because i don't think that trend on a 15 minute chart is strong enough to give us 20 pips. Can you tell that what strategy you use to trade on M15 chart and gain 20 pips per trade.

[sagar]

is different depending on which strategy you use.
if I'm trading with M15 timeframe, I think a safe stop loss is 30 pips.I sometimes also use Bollinger bands to put a stop loss

[mojcris]

I think the stop loss and take profit limits are very important specially stop loss, i usually use 30 or 50 pips for my positions, but sometimes when my lot size is very low I use more pips like 100 or 150 pips

[amit]

I feel that 100 pips difference is the best to put a safe Stop loss but i saw that all the broker sites are not allowing you the same ,some are liberal and having no such rules but some are strict .Though everything depends upon our own plan and the market reading capability as good traders always knows the safety level well.