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Stop Loss

Mohammadi
Sep 03 2018 at 08:42
886 príspevkov
Stop loss is very much important tool; but I don’t have any fixed number with this tool. In my live trading, I always set my SL based on the distance between support & resistant levels.

Voket EA (voketexpert)
Sep 03 2018 at 08:50
25 príspevkov
so what is the matter. You did it good as well. There is no standard about good SL or bad SL. It depends technique you are using.

Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Kel Freeman (TaloR_11)
Sep 05 2018 at 10:53
22 príspevkov
SL standing based on the support/resistance levels is a nice option. The distance depends on the market volatility. Btw, my opinion: SL is using only for your patience. SL is a psyhological tool but is not a part of trading strategy.

AmDiab
Sep 25 2018 at 14:29
718 príspevkov
Good plan mate, I don’t think; it’s a good idea to trade with a fixed SL! I am also following the same way! I always set my SL/TP according to the market’s requirements.

RichPort
Sep 26 2018 at 07:39
9 príspevkov
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss

Adribaasmet
Sep 27 2018 at 07:13
947 príspevkov
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss


I think, if your risk reward ratio is 2% then you can open 2-3 trades in a time so smoothly.

AmDiab
Sep 30 2018 at 07:01
718 príspevkov
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss


Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.

Adribaasmet
Oct 07 2018 at 05:55
947 príspevkov
AmDiab posted:
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss


Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.


Yes, this type of trading account is very useful for the newbie! On the other hand, 50 pips SL is for only long term trading like swing trading, it’s not for short term trading at all.

FX Ekspert EU (tforexx)
Mar 29 2019 at 11:06
6 príspevkov
It's best to choose S/L according to the market, allowing it room to fluctuate.

CRPA9
Mar 31 2019 at 07:34
21 príspevkov
You should look for risk reward and always make sure its atleast 1:2

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