How many pips do you think is safe for SL ?

[kanwaljit]

for an effective stop loss we should first see whether it is a trending market or a very volatile ranging market, because any stop loss is never a good stop loss in a very volatile market, it will always get hit and close the trade unnecessarily

[venkiaries61]

yea i agree with you but i do not know why some traders like the reverse direction like putting 1:2 mean profit 1 and loss 2. we have learnt that we should be careful about the profits from the market and we should get more than loss.

Yes, its very hard to recover, if set 1:2 ratio for take profit and stop loss. Its better to put take profit and wait for the target. Its similar to long term trades.
Try to analyze well for the entry point and exit point.

[jabrik1991]

Putting tight stop loss will always lead to loss in a volatile market, one should should identify the nearby support and resistance lines and place the stop loss. The number pips of stop loss depends on the size of the account and other factors.

factor because they do not understand the error magnitude of the average daily range on the currency traded. gbp-usd suppose about the minimum for scalping should put the SL between 40-50 points. because it is a pair with big movements. as only the eur-usd

[s19]

Bollinger Bands: put SL at 10 points above the upper band for short positions and 10 points below the lower band for a long position...

friend in my view putting stop loss on base bollinger band is not good idea.
if any one using long time frame like day or weekly than stop loss is more than 600-700 pips. this so high number of pips. in upper or lower we can see many support and resistance we can put stop loss withing this range.

[dmambi]

Putting tight stop loss will always lead to loss in a volatile market, one should should identify the nearby support and resistance lines and place the stop loss. The number pips of stop loss depends on the size of the account and other factors.

[jabrik1991]

short pips only make it faster for the account to be cut..
it is better to wait until the price will moves down because next order will not always come too smooth...

devote time to trade. then wait for the important moment is expected. a knowledge and experience to have great results. so hopefully in the future we get optimal results

[aryan]

short pips only make it faster for the account to be cut..
it is better to wait until the price will moves down because next order will not always come too smooth...

[aryan]

yes agree..
on a account with higehr risk plan we can put lower SL with higher lotsize...
but we will need higher SL point with another plan with lower profile/risk strategy ...

[aryan]

Bollinger Bands: put SL at 10 points above the upper band for short positions and 10 points below the lower band for a long position...

[tibasingh]

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...

25 to 30 pips are safe for stop loss if you set it on more value then it give you more loss therefore you must watch the market and then place your order other wise you go in loss