What ways do you calculate your Stop Loss & Take Profit?

Jun 23, 2019 at 06:14
Vistas 1,107
10 Replies
Miembro desde Apr 09, 2019   posts 1
Jun 23, 2019 at 06:14
HOW DO YOU CALCULATE YOUR SL AND TP WHEN PLACING AN ORDER?
I seen people count the pips and subtracting and multiplying, I have also hear people using trading system to tell them, what do you use?
Miembro desde Jun 10, 2017   posts 36
Jun 25, 2019 at 06:07
I use percentages based on my total balance.
Miembro desde Jun 24, 2019   posts 1
Jun 26, 2019 at 07:10
Let's assume I have $100 in my account, @Teejy88 How will I calculate my sl and tp for buy/sell
Miembro desde Mar 21, 2017   posts 25
Jun 26, 2019 at 12:48
Hi Bsolo,

I think there is a little more to it than that, which currency pair are you trading? How much are you willing to risk on the trade?

I generally use the currency pair's ATR to assist in determining my TP or SL levels as some pairs are more volatile than others, therefore, may need a little more room to breath. That then affects the lot sizing etc.

Hope that makes some sense...
Russell
Miembro desde Jan 05, 2016   posts 1189
Jun 27, 2019 at 07:46
Bsolo posted:
Let's assume I have $100 in my account, @Teejy88 How will I calculate my sl and tp for buy/sell


What are the SL and TP requirements of YOUR specific strategy?

There are numerous factors which could be used to determine SL and TP price levels, however there is no 'one size fits all' solution that will work for all circumstances. What works well for one trader, may not work at all for another.










If it looks too good to be true, it's probably a scam! Let the buyer beware.
Miembro desde Feb 22, 2011   posts 4862
Jun 27, 2019 at 11:55
alexbernal posted:
HOW DO YOU CALCULATE YOUR SL AND TP WHEN PLACING AN ORDER?
I seen people count the pips and subtracting and multiplying, I have also hear people using trading system to tell them, what do you use?
NormalizeDouble(Bid-(SL*Point),Digits)
Miembro desde Jun 27, 2019   posts 13
Jun 27, 2019 at 12:01
I use key resistance levels. Everything else seems arbitrary to me
Miembro desde Jun 24, 2019   posts 11
Jul 01, 2019 at 10:12
I do not use stop loss. I enter trades with small Lot size and just keep open. Markets are ranging now so this tactic can work well. Fingers crosses prices do not start trending!
Miembro desde May 28, 2019   posts 12
Jul 02, 2019 at 06:57
EmilioV posted:
I do not use stop loss. I enter trades with small Lot size and just keep open. Markets are ranging now so this tactic can work well. Fingers crosses prices do not start trending!
Very dangerous! Hope it works well for you!
Miembro desde May 28, 2019   posts 12
Jul 02, 2019 at 06:58
The best way in my experience to use SL levels is to put them where you'd no longer like to be in the trade, I don't base it on percentages as this is silly and will lead to putting your SL at an arbitrary value. I use percentage risk for my lot size AFTER I determine where I'd like my SL to be.
Miembro desde Jul 03, 2019   posts 10
Jul 03, 2019 at 10:06
For me I like use stop loss as a % of the ATR. For example for the daily I use 100%, 4 hourly I use 50% and 1 hourly 25%
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