How many pips do you think is safe for SL ?

[Raja Krsnan]

stop losses should be based on the type of trade one does. if you are a scalper, then your horizon is very short. it is better to assess the general movement of the pair and the loss should never exceed a certain percentage of the margin employed.

[anubhavsingh]

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...

ye strategy ekdum galat hai forex trading ke liye
kabhi bhi sl aur tp apne man se set nahi kiya jata
sl aur tp ki value hamesha market ek support aur resistance ke hisab se set ki jati hai

[vicky]

i that will be very risk brother, what will happened if your internet connection is down ? or your computer suddenly hang ? if i were you just set the SL at the point you cant tolerate any more loses

yes i think you are correct because before i faced such due to net connection . i just see my position and dont put sl that time thinking that i am infront of pc and that time i lost net connection and that was newyork session and due to heavy movement of market i lost good number of pips . so i think its always better to put sl first then observe the open position.

[fravash]

i sometimes use stop losses only when i am away if i am trading manulay then i decide by my self when to stop or not and yes it depends on the markrt conditions

i that will be very risk brother, what will happened if your internet connection is down ? or your computer suddenly hang ? if i were you just set the SL at the point you cant tolerate any more loses

[james]

i sometimes use stop losses only when i am away if i am trading manulay then i decide by my self when to stop or not and yes it depends on the markrt conditions

[fravash]

after several days of trading, SL right in my opinion is:
50 pips for the H4, and 80 pips for TF D1.
how do you think?

i cannot say thats right or wrong before i knew your TP, so, what is your TP ? i think its good as long as your TP is bigger than the SL, or at least you have the same SL and TP

[fravash]

if you do the placement of the SL 50 pips I think if you are a daily trader then when the price moves above 50 pips then it can be sure you're wrong in doing the analysis

yes, what i meant above is my SL for daily trading, but for scalping i will certainly put it tighter than that, and i use a minimum of 1:1 risk to reward ratio, i never set lower than that cause it will easily blow your account

[makjon]

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...

my experience is same with u,..every set sl on 10-20 pips price is touch the sl and turned toward,..so now i using sl 30-50 pips more safer than use 10-20 pips

[denira]

it depends on what strategy i use on the trade that i open, if i do a scalping i set my SL tight near the entry point, then set it higher on intraday trading. But mostly i set my SL from 20 pips and maximum 50 pips, i cannot afford higher loss than that

if you do the placement of the SL 50 pips I think if you are a daily trader then when the price moves above 50 pips then it can be sure you're wrong in doing the analysis

[anubhavsingh]

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...

ye baat har trader ko samjhni chahaiye
sl aur tp kabhi bhi number ke hisab sen ahi place karne chahiye..kayi traders bina soche samjhe sl ko 50 pips ka place kar dete hai jo ki useless hota hai
sl aur tp haemsha support aur resistance ke hisab se place karne chahaiye