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.

 

[CryptoX]

Use a stop loss based on volatility and setup. Scalping usually needs 10 to 15 pips, day trading 20 to 40 pips, and swing trading 50 plus pips. Never use random numbers. Keep risk small and place the stop where your trade idea becomes invalid, not where emotions feel comfortable.

 

[Zerologic]

The ideal stop-loss distance depends on each trader's individual policy, but rational traders typically consider position size and risk tolerance, along with support or resistance areas, as a reference for placing a stop-loss. A wide stop-loss allows for price fluctuations, but the potential risk is greater. A narrow stop-loss allows for less price fluctuations, technically lowering the risk but increasing the risk of being hit by a stop-loss.