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What ways do you calculate your Stop Loss & Take Profit?
Ahli sejak Apr 09, 2019
1 hantaran
Jun 23, 2019 at 06:14
Ahli sejak Apr 09, 2019
1 hantaran
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?
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?
Ahli sejak Jun 10, 2017
36 hantaran
Jun 25, 2019 at 06:07
Ahli sejak Jun 10, 2017
36 hantaran
I use percentages based on my total balance.
Ahli sejak Jun 24, 2019
1 hantaran
Jun 26, 2019 at 07:10
Ahli sejak Jun 24, 2019
1 hantaran
Let's assume I have $100 in my account, @Teejy88 How will I calculate my sl and tp for buy/sell
Ahli sejak Mar 21, 2017
25 hantaran
Jun 26, 2019 at 12:48
Ahli sejak Mar 21, 2017
25 hantaran
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
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
Ahli sejak Jan 05, 2016
1189 hantaran
Jun 27, 2019 at 07:46
Ahli sejak Jan 05, 2016
1189 hantaran
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.
Ahli sejak Feb 22, 2011
4862 hantaran
Jun 27, 2019 at 11:55
Ahli sejak Feb 22, 2011
4862 hantaran
alexbernal posted:NormalizeDouble(Bid-(SL*Point),Digits)
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?
Ahli sejak Jun 27, 2019
13 hantaran
Jun 27, 2019 at 12:01
Ahli sejak Jun 27, 2019
13 hantaran
I use key resistance levels. Everything else seems arbitrary to me
Ahli sejak Jun 24, 2019
11 hantaran
Jul 01, 2019 at 10:12
Ahli sejak Jun 24, 2019
11 hantaran
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!
Ahli sejak May 28, 2019
12 hantaran
Jul 02, 2019 at 06:57
Ahli sejak May 28, 2019
12 hantaran
EmilioV posted:Very dangerous! Hope it works well for you!
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!
Ahli sejak May 28, 2019
12 hantaran
Jul 02, 2019 at 06:58
Ahli sejak May 28, 2019
12 hantaran
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.
Ahli sejak Jul 03, 2019
10 hantaran
Jul 03, 2019 at 10:06
Ahli sejak Jul 03, 2019
10 hantaran
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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