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I agree that StopLoss and TakeProfit are very important for a trade. Its risk management strategy. its also impotent where you put your SL and TP. Is there a good guide line for SL and TP? I do get spiked out on my SL sometimes.
Thanks..
azaib77 wrote:
most of the traders not use stop loss. they use mertingle manual strategy.
thats not true at all. martingale is very risky if market starts trending you can lose all your account at ones. and be sure it will happen one day
Stoploss and TP are essential, it makes you not lose everything at once
Nak menurutku, cara trading manual kui ojo ditinggal turu walaupun wes dipasang tp karo sl
agree sometime i also understand about important of SL. i am using EA to make stop loss for me around 20-50 pips.if the trader is to lazy to put the SL it is better to used EA TP and SL.
SL is most important which is most difficult to set properly imo
hey it seems like my stop losses are being hunted, everytime i place a trade iget stopped out.
I use big stop loss, like 60 pips. and small take profit, like 5 pips.
for stop loss, I use ATR or MM50. MM 50 is easy to use and have good result for me.
Stop Loss should be set at natural support or resistance levels regardless of the time frame being used. If there is none available, then limit maximum loss to less than 2% of your account size.
For Take Profit, target at least 2:1 win/loss ratio
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