Hello
I tested a few orders in demo account.
I only set take profit.Did not set any stop loss. The loss went up to about 50% of margin used at some point but 8-10 hours later, the orders closed at TP level.
If stop loss was set , would not closed at TP level.
But of course we risk the total margin used if no SL was set.
A trader friend asked me to set stop loss level greater then take profit level.
Stop loss =150 pips . Take profit =50 pips.
please advice.
many thanks.
I tested a few orders in demo account.
I only set take profit.Did not set any stop loss. The loss went up to about 50% of margin used at some point but 8-10 hours later, the orders closed at TP level.
If stop loss was set , would not closed at TP level.
But of course we risk the total margin used if no SL was set.
A trader friend asked me to set stop loss level greater then take profit level.
Stop loss =150 pips . Take profit =50 pips.
please advice.
many thanks.