Marketmultitool
Участник с Dec 19, 2019
69 комментариев
Jan 19 2020 at 06:19
I always try to set my stop loss at 0.75%- 2% max of the account size ,if that's not possible at the time I wait for the next signal ,that's the great thing about Forex lots of opportunities ,you can apply this most successfully on extreme moves outside the normal movement of the trend ,BB indicator for example is useful for spotting these moves ,other patterns like breakout moves after long consolidation are a bit more tricky because it's normally a fast move with a -60% re test of the full candle then a bounce higher.
If I miss the initial move I wait for the re test to prove the trend is functioning normally.
I move my stop up to break even as soon as I see a re test higher ,there are lots of fake moves in forex so wait for those re tests and don't be afraid to start taking profit or at least break even ,it means one side wasn't willing to pay higher and next time they might have to if they are low on that currency ,most daily moves on the Major pairs have limits so always be ready to jump out when you see weakness ,it takes news or data to start a trend until that news changes.
I would be interested in hearing other Traders view points and what works for you.
If I miss the initial move I wait for the re test to prove the trend is functioning normally.
I move my stop up to break even as soon as I see a re test higher ,there are lots of fake moves in forex so wait for those re tests and don't be afraid to start taking profit or at least break even ,it means one side wasn't willing to pay higher and next time they might have to if they are low on that currency ,most daily moves on the Major pairs have limits so always be ready to jump out when you see weakness ,it takes news or data to start a trend until that news changes.
I would be interested in hearing other Traders view points and what works for you.
Strength and honor.
Jonny87
Участник с Aug 07, 2017
34 комментариев
Jan 19 2020 at 08:18
Stop loss is very important. Because there is no trader who want to loss his capital much. Stop loss limits the loss. Every traders want to secure their capital. By using of stop loss a trader can trade in the forex market without any tension. I am also a trader. I am currently trading with Tpglobalfx. I always use stop loss while I am trading in the market.
momo3HC
Участник с Oct 20, 2018
267 комментариев
Jan 19 2020 at 21:04
Jonny87 posted:
Stop loss is very important. Because there is no trader who want to loss his capital much. Stop loss limits the loss. Every traders want to secure their capital. By using of stop loss a trader can trade in the forex market without any tension. I am also a trader. I am currently trading with Tpglobalfx. I always use stop loss while I am trading in the market.
Sure. SL isn`t invented just for nothing. 😉
LyudmilLukanov
Участник с Jul 23, 2020
793 комментариев
Aug 30 2020 at 15:18
Marketmultitool posted:
I always try to set my stop loss at 0.75%- 2% max of the account size ,if that's not possible at the time I wait for the next signal ,that's the great thing about Forex lots of opportunities ,you can apply this most successfully on extreme moves outside the normal movement of the trend ,BB indicator for example is useful for spotting these moves ,other patterns like breakout moves after long consolidation are a bit more tricky because it's normally a fast move with a -60% re test of the full candle then a bounce higher.
If I miss the initial move I wait for the re test to prove the trend is functioning normally.
I move my stop up to break even as soon as I see a re test higher ,there are lots of fake moves in forex so wait for those re tests and don't be afraid to start taking profit or at least break even ,it means one side wasn't willing to pay higher and next time they might have to if they are low on that currency ,most daily moves on the Major pairs have limits so always be ready to jump out when you see weakness ,it takes news or data to start a trend until that news changes.
I would be interested in hearing other Traders view points and what works for you.
That’s a good strategy. I prefer trailing SL in breakout trading. I usually take 1-2% risk per trade.
Kond
(Kond)
Участник с Feb 28, 2019
5 комментариев
Aug 30 2020 at 16:20
If your SL level 0.75-2% per one trade, your TP must be 2-6%. Doesn't it seem too big, or do you trade a couple of times a month?
No Risk, No Reward
UweMoench
Участник с Jul 19, 2020
751 комментариев
Sep 01 2020 at 14:53
We can't put stop loss just by percentage. Stop loss should be based on your strategy and where the next support and resistance level is. You also need to consider your take profit and what is the possibility of hitting the take profit.
Redworm
Участник с Jul 08, 2020
12 комментариев
Sep 01 2020 at 18:39
In fact, I don't understand traders who don't use stop loss. These are the basics of risk management. It's good that you use it, you have a good strategy. Everyone puts a stop loss for himself, under the parameters of his account, and this is a good approach. Trading is usually unpredictable and you can't always keep track of a deal, without any breaks or something. Sometimes it only takes seconds for the price to drop dramatically, which is difficult to predict. For these and many other cases, you need to put a stop loss)
ElliotCooke
Участник с Jul 20, 2020
341 комментариев
Sep 01 2020 at 18:50
Stop-loss is a very important tool for new traders in this market. Because it helps a trader to control their losses.
Shelby10
Участник с Jul 15, 2020
140 комментариев
Sep 02 2020 at 20:20
I think SL will help every new traders to deal with the losses.
SofieAndreasen
Участник с Jul 23, 2020
759 комментариев
Sep 13 2020 at 11:33
Stop loss is essential to minimize risk. Forex is risky market. So, placing a safety pin in trade is a good trading approach.
lauranutt
Участник с Jul 15, 2020
36 комментариев
Oct 09 2020 at 10:59
Yes, that’s true, Stop/loss is really very important if you want to limit your losses. Traders should always use it while trading.
Hyalinclay
Участник с Jun 30, 2020
17 комментариев
Oct 23 2020 at 05:15
In order to put a limit on your losses and to keep a check on your profits, it is important that you consider stop loss. It is rather advantageous.
stevenflam
Участник с Oct 07, 2020
24 комментариев
Nov 05 2020 at 07:34
In order to put a limit on your losses and avoid them, stop loss can be effective for trading. A lot of traders use stop loss to limit the possibilities of their loss.
Marlonsmith
Участник с Oct 09, 2020
28 комментариев
Nov 05 2020 at 12:42
Stop loss is an important part of your trading journey. You must be able to use it every time you trade.
Money Makin Jes
(mister_trader623)
Участник с Aug 24, 2020
13 комментариев
Nov 05 2020 at 15:39
To become a successful Forex trader one must have a solid money(risk) management.
Here is money\risk management guideline
Take Profit = ATR x 1.5
Stop Loss = ATR
Risk per Trade = 1%
Max Open Trades = 5
Lot Sizes = mini or micro
I use 'pos_size’ indicator via MT4 to calculate my SL & TP and get my ATR
Here is money\risk management guideline
Take Profit = ATR x 1.5
Stop Loss = ATR
Risk per Trade = 1%
Max Open Trades = 5
Lot Sizes = mini or micro
I use 'pos_size’ indicator via MT4 to calculate my SL & TP and get my ATR
Be more financially free then yesterday.
Jakemark
Участник с Oct 23, 2020
37 комментариев
Nov 06 2020 at 09:15
Stop loss is a very useful strategy to avoid losses. It is important for every trader to analyse and give proper attention to the risk management techniques. It does help in reducing losses and risk.
Bladiminmunro
Участник с Oct 15, 2020
59 комментариев
Nov 06 2020 at 13:08
I never trade without stop loss. I make all the necessary calculations and ensure to use stop loss.
Andronn
Участник с Jun 30, 2020
90 комментариев
Nov 08 2020 at 14:15
Thanks to stop loss, we can set a clear loss value, which is set as the risk for a given position
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