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This is the most important thing of Forex trading
Oct 15, 2023 at 05:51
तबसे मेंबर है Oct 21, 2012
5 पोस्टों
A good Stop Loss setting is the most important thing of trading system. Why ?
Let's say you have init balance 1000USD , you entry a order and lost -50% , then you left 500usd only , which mean you have to make your account increase 100% to recover to 1000USD ( 500 * 200% = 1000) .
This is harder then you lost -50% , the piont is that you should stop your lose as good as possible, the balance you lost more , the much harder you recover.
It's not saying that a small range's StopLoss setting is the best, if the stop loss level set to too small, your position will be easily hit by the market move , especially when the data/news come out.
So, how to set the best stop loss level ? There're some base ideas:
1. use recent Support level or Resistance level
2. By Boll band up/down edges.
3. By trading volume peak
4. By AI model (we will show next article how to)
Let's say you have init balance 1000USD , you entry a order and lost -50% , then you left 500usd only , which mean you have to make your account increase 100% to recover to 1000USD ( 500 * 200% = 1000) .
This is harder then you lost -50% , the piont is that you should stop your lose as good as possible, the balance you lost more , the much harder you recover.
It's not saying that a small range's StopLoss setting is the best, if the stop loss level set to too small, your position will be easily hit by the market move , especially when the data/news come out.
So, how to set the best stop loss level ? There're some base ideas:
1. use recent Support level or Resistance level
2. By Boll band up/down edges.
3. By trading volume peak
4. By AI model (we will show next article how to)
तबसे मेंबर है Aug 02, 2017
18 पोस्टों
Oct 17, 2023 at 15:36
तबसे मेंबर है Aug 02, 2017
18 पोस्टों
When you day AI model, do you mean an EA?
तबसे मेंबर है Aug 19, 2021
227 पोस्टों
Oct 17, 2023 at 18:51
तबसे मेंबर है Aug 19, 2021
227 पोस्टों
Oh it will be fun to see that the AI model is chat gpt. Lol.
तबसे मेंबर है Oct 13, 2023
2 पोस्टों
तबसे मेंबर है Jan 11, 2019
11 पोस्टों
Oct 26, 2023 at 19:20
तबसे मेंबर है Jan 11, 2019
11 पोस्टों
Stop loss is important but so if choosing the Lot size. You can still lose you account if you use a small stop loss but a large Lot size
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