How to determine the perfect stop loss order?

[anubhavsingh]

Money management should have to be the key to select stop loss in one's order. If you have less deposit so you cannot place big stop losses as they will bring margin call to your account. And also if you place it too tight it might get hit before going toward your take profit.

har trading platform me money management bahut zaruri hota hai
bina money management ke aap kabhi bhi sucess nahi pa sakte
forex me bhi money magamenet karte hue tp aur sl set karna hota hai

[kanwaljit]

there is never a perfect stop loss order, it is best to keep it below a good support or above a good resistance, where you feel it might bounce off if it goes against your direction of trade, if it breaks this S/R then it was never a good trade

[shah.zoor]

it completely depends on you and the market movement.You should set the stop loss nad take profit according to your money management.Money management is very important factor in forex.

Money management should have to be the key to select stop loss in one's order. If you have less deposit so you cannot place big stop losses as they will bring margin call to your account. And also if you place it too tight it might get hit before going toward your take profit.

[newentry]

I think we should not put a stop loss that is very short. I usually put a stop loss just beyond the resistance or support line because I want to close my trades at loss only when a support or resistance line is broken.

yes of course and depends the condition,i used stop loss with range as long as a candlestick or i make ratio 2 : 1
but i am a scalper so now i seldom used it

[anubhavsingh]

SL which is too short to make a margin deplete faster ...
high TP also with the risk of losing pips from the turned price...

we should be able to properly analyze it ..
so that no wrong in the placement of sl and tp ..

forex me tp aur sl ko analyse karna hi sab kuch hota hai
sl analyse karne ka sabse acha tarika hai ki market ke support aur resistence ko pakdo
fir ussi ke hisab se sl set kar do

[speedy]

I think we should not put a stop loss that is very short. I usually put a stop loss just beyond the resistance or support line because I want to close my trades at loss only when a support or resistance line is broken.

[popatji]

SL which is too short to make a margin deplete faster ...
high TP also with the risk of losing pips from the turned price...

we should be able to properly analyze it ..
so that no wrong in the placement of sl and tp ..

[aryan]

I am still learning the candle sticks and it will take some time but i am sure that it gives good signals and far more better than the line charts.

As far as stop loss is concerned we have to use it in all the trades as we do not want to be in any bad trade that will take away the profits from the good ones.

[popatji]

You use the profit and loss ratio to calculate how many pips that you are going to set as your SL and even TP. In every case, it is wise that if you are using a target of 100pips, then you will also use a SL of 50pips. I hope you are cleared.

[vicky]

this is an good signal that you are doing this formation because the power candlestick charts pattern is really powerful and unique to understand the special thing is that when you see signal in doji formation you able to make some money

I am fully agree with you but its really not easy task to understand candlestick chart pattern properly and its hard for newbie which need lots of education but if we able to understand it then no doubt its a great system .