How many pips do you think is safe for SL ?

[sapna]

friend 10pips stop loss not good in my view.
hamara stop loss kam se kam itnaa hona chahiye jo market ka toda bahut movement ko jhel sake.
10pips ka normal movement ham dekh sakte hai or trade stop loss hit hone k jyda chance hote hai. hamara stop loss near to resistance or support hona chahiye.

[cozard007]

Once you enters the market, the pips of the stoploss will depends on the market volatility, highs and lows of the candle sticks etc, As i am concerned 40-100 is very o.k.

[merajfx]

i think there is no rules for it which you make safe and give profit.But if want to reduce our loss than we can start 50-70 pips but on the other hand there is a lass chance also get large profit.It really depends on situation and trade time if there is 100% chance to get profit we must use large pips.

[sapna]

Yes indeed traders need to place stop losses based on their risk to reward ratio and based on the profits they want and percentage of capital they want to risk.It has to be decided by trader himself before trading.

[digger_jim]

Let's take GBPUSD for an example. On average, GBPUSD daily range is 150 pips. So, on average, depending on how far GBPUSD has moved by the time you start your session, any number which would equal to 150 pips or more when you add the range it already passed for the day is safe enough. Or, if you just put 150 pips no matter what, on many occasion your stop loss won't be hit. Of course, on a certain day, when GBPUSD ranges more than usual, you'll doom if you happen to open an opposite position than price direction.

On the other hand, suppose price does move towards your stop loss for the day, and the day end when it is near your stop loss, what would you do?

If you cut it out, you loose big time.

If you'll wait for tomorrow, there is still a good chance that your stop loss will be hit before price turn around. You'll still loose big time.

So, the best way to decide the best stop loss for you is, again, checking your own strategy past performance. By which you should be able to tell how far a pullback could happen, and how far price should go before you decide that it isn't a pullback at all but a new trend.

[terajana]

for me there are times that it depends on the trader whether his pips is doing great
the best thing is he/she should planned it well so that it prevent the loss

trader would set a stop lose according to the strategies they have, because sometimes there are some traders who have little limitation of losses they will get.

[joe12]

for me there are times that it depends on the trader whether his pips is doing great
the best thing is he/she should planned it well so that it prevent the loss

[fxsilo]

i think 10 pips are safe in order to make SL. this is my opinion. thank you.

10 pips is too low friend. market is up and down quickly so its very risky to set just 10 pips for stop loss.
if we are scalper i suggest to set stop loss more than 20 pips, maybe 20 until 50 pips enough. with scalping we should have a good performance in analysis because the scalping more risk than other strategy i think.

[arinda]

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...

very true, in my stop loss just to limit our losses only. i have been doing in forex trading is, never put a stop loss, for what? there are two choice, we can gain a lot, but we can also lose a lot. please specify your choice to select the best forex trading.

[zahidrock]

I'm sure stop-loss and also take-profit is determined by marketplace situation, at times you are able to established stop-loss to help 30-40 pips solely and also sometime you can make this 150- 250 pips. The information about your current analyze and also marketplace situation.