How many pips do you think is safe for SL ?

[Ronak]

i am scalper too , i set my SL just 10 pips and take profit is 5 pips. the comparison is 1 : 2 ( TP : SL)
small range but scalper have many Transactions in one time.

scalping is short term trading..and scalping dont need much analysis so SL is needed to be set,,,and i usually trade scalping style and i set 15-25 pip in every trade....

[akshayfuriya]

yes i agree with you, i also use this way i set my sl 1% of my capital...and some time i set it accourding to my analysis....
10-15 pips within one second possible that is easily hit..so always we put st more then 40 - 50 pips

however we will never know where prices will move
use other means such as averaging or hedging it can also be
but if not the experience should not attempt
it will only add to our loss
better indeed stop loss

[akshayfuriya]

apparently you have not used the script.
because if the server is busy, the script still experiencing requotes.
script only shorten our steps to open or close a position.

yes I think it's pretty ideal
and besides that we should also look at a larger time frame
not to fight the trend

[akshayfuriya]

well worth it if you are using TF 15 as benchmark your trafficking with TP 20 pips only and it is also what I do to get a maximum of 20 pips

I guess it depends on what time frame that we use
for I usually use a stop loss and take profit 20 20 on the timeframe 15m

[netra]

i am scalper too , i set my SL just 10 pips and take profit is 5 pips. the comparison is 1 : 2 ( TP : SL)
small range but scalper have many Transactions in one time.

[sachin]

Ideally we have to set the stop loss at 30 pips and anything more than that is not advisable at all. This is because if we are going into a loss of 30 pips then it clearly means that the trade is totally wrong and we need to revise our study and again make the trade with the correct market sentiments

In the event of the Hedging we can go for a stop loss = 50 pips since we are not sure which way the market will go and that is the range which actually decides the movements.

[aniket]

i have never set my sl for 100pips yet coz i never have trust the trend, i normally set it at 20 pips but if conditions are looking easy then i might set it too 50 at the maximum but never 100!

[aniket]

i will say 50 pips fpr sl and also 50 pip's for tp also, sl is very important to stop losses when we are profiting, but the pip's may vary according to differnt traders who have a different way to approach it

[vikas]

there are some scalper who use a script to open a position, so that SL directly specify. weakness scalper is not dare cut loss when experiencing loss. I guess it would spend all the profit that has been gleaned.

[ketan]

Setting up of Stop loss depends on many factors.It depends on the trading strategy of the trader , how much money he is investing in the trade , the risk he is willing to take and the profit margin.So the amount varies from trade to trade.

In scalping it is around 3 - 5 pips and in position trading it can be around 100 pips.