How many pips do you think is safe for SL ?

[twinkling star]

yeah we cannot judge about the stop loss by the numbers that we set, it might be depend on the chart situation and support and resistance levels, but I want to tell you that always put the sl and tp as without sl yours trade would be risky, as I HAve lost my account by not putting the sl, you can also use the 50 pips for sl.

[zaloo]

in my opinion 40 pips is more suitable for any pair to avoid getting big loss , but this also depends on the the amount of money you will use the 40 pips is suitable for at least 100$ you use , and as increasing the amount of money try to increase your stop loss .

[oscar]

I always set a stop loss based on the number of daily movement range ..
with that number, I think it is possible to stop losses and position untouched trading transactions will always be a chance to earn profit

[shapiraa]

I think a safe amount of pips to set sl depending on the pair and the market where we trade ... on the market london and newyork usually higher volatility , stop loss should be greater .... asia and australia is to flatter so stop lose not too big ... but it also depends on the type you are, whether swing or a scalper ....

[TrojanFX]

If you use stop loss then it is impossible your account could experience Margin Call because the order will hit Stop Loss first so there is no other losses. Stop Loss is used to prevent Margin Call if you don't change it oftenly. Placing Stop Loss will depend on open position too, if me I will set SL in range about 30-40 pips from open position.

[raka999]

I am not agree with your opinion. We should not judge the SL in pips, we must apply our stop loss according to support and resistance levels or according to fib levels. To judge TP and SL in pips is wrong.

every trader must have their own plans. some prefer to use SL fix, but there are some who like based on support and resistant. I prefer to use SL fix, because we can know for sure how the loss / profit today.

[clickme]

It depends on what market movements you are trading, if you are in flat market you can set stop loss just 20pips, or you are in a breakout position then you stop loss can be seated 50pips , so it differ in different in different trading situation.

[riskfx2012]

Stop-loss is essential to make use of in trade and also the setting is rely on trader. Different trader, different setting of stop-loss. I set on my small trade stop-loss of 150 pips because I trade swing buying and selling. I leave trade for any very long time and so i need lots of pips for my trade. Sometimes I set stop-loss of 200 pips.

[Thakur]

Number of pips for stop loss can vary depending on the trader. For a day trader he should use between 50 pips and 70 pips for stop loss. This will just make sure that the tp is always getting hit rather than the sl.

[raka999]

It is depend of the support and resistance level that where we have to place the stop loss. But my point of view it is always better to analyse the risk reward ration before trade and place the trade according to that.

yes, support and resistance is the perfect place to set the SL. so, to set the SL, not depending on the size of the pips. we should not be too rigid in placing SL. I always set the SL at the nearest of support and resistant.