How much pip stop loss is good?

[alnat]

Ideal StopLoss and TakeProfit depends on your trading strategy and enrty point. If you trading is automatic use Metatrader optimization or use Wealthlab for example. If you trade manualy you can optimize SL and TP using TradeSimOpt.

 

[Ary Barroso]

It is necessarily not how much stop loss is good but how good and strong you are at maintaining the stop loss when doing manual trading.

Basically, traders need to set the SL area according to the position of support/resistant levels!

 

[Longing]

Contrary to the belief, if there is one, the distance will vary every time - that's the challenge. If the mkt can get to the stop, naturally it will. A lot of experience with the pair or any vehicle for that matter is the real advice you should take.

 

[btseen]

It all depends on your trading size and looking into resistance/support level. As a scalper, I usually go for somewhere near 15-20 pips

 

[Zack King]

i trade relatively low-medium trade sizes. would say 20 pips for myself

 

[Zack King]

Basically, traders need to set the SL area according to the position of support/resistant levels!

yes well said, maybe check some youtube vids on s/r if you are not entirely up to speed with this subject- vERY important.