some put sl just below ob
some at the lowest swing low.
some at 2 swing low away.
some do no like taking more than 10 pips loss.
for me i do not like hard stop because many times can be stop hunt.
i prefer a candle close below a swing low, which can be m5 all the way to h1 close.
generally i prefer risking 0.25 - 0.5% of equity, regardless of pips, to gain 1.25% to 5% gain.
however can hit BE many times.
ITB - Seeing Orderliness amongst 'Randomness'
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