What stoploss do you use? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Do you use stoploss? 697 replies

Do you believe brokers hunt your stoploss 434 replies

Real Fx traders do not use stoploss 677 replies

forex tip - Don't use a fixed stoploss brokers can target 23 replies

What stoploss do you use?

  • #1
  • First Post: Oct 16, 2010 5:11am Oct 16, 2010 5:11am
What stoploss do you use? 10, 20, 30...?

I use 15pips, maximum and rarely 20, not more than that. Do you think that is enough to give price a space or it would be better to use wider stoploss?
  • #2
  • Oct 16, 2010 5:28am Oct 16, 2010 5:28am
Way too close for my taste. Depends on the pair and the time frame.

I have been using straight ATR on daily charts. Smaller charts you may need to use a multiple of ATR such as 1.5 or 2 or you will be stopped out far too often.
  • #3
  • Oct 16, 2010 5:45am Oct 16, 2010 5:45am
What is ATR?
I search entry on M1 chart, and exit on H1, so precision is important to me, i usually trade on strong S/R lines, and as i noticed, when bouncing from S/R lines price usually spike them 10 or 15 pips, sometimes more, but 10-15 is more frequent. So, on that i base my stoploss, but still, i wandering what stoploss others use.
  • #4
  • Oct 16, 2010 7:43am Oct 16, 2010 7:43am
Quoting fx111
What is ATR?
I search entry on M1 chart, and exit on H1, so precision is important to me, i usually trade on strong S/R lines, and as i noticed, when bouncing from S/R lines price usually spike them 10 or 15 pips, sometimes more, but 10-15 is more frequent. So, on that i base my stoploss, but still, i wandering what stoploss others use.
Your question depends entirely on what kind of information you are trading on. If you are trading technical signals, you need to have some idea about the performance of that technical signal in the price structure. I mention this because often times traders see a few winning setups and then think they have a winning strategy on their hands, but forget to realize that a winning system is really a system that wins on average. I like to think of this as hidden risk. I mention this because successful trading is about exploiting a statistical edge in the context of risk management. Once you know your edge, then you work out your risk per trade i.e. your stoploss. Unfortunately, there is no objective answer to your specific question. A 20 pip stop and a 200 pip stop can represent the same amount of risk.
  • #5
  • Oct 16, 2010 6:43pm Oct 16, 2010 6:43pm
Quoting fx111
What stoploss do you use? 10, 20, 30...?

I use 15pips, maximum and rarely 20, not more than that. Do you think that is enough to give price a space or it would be better to use wider stoploss?
Well it depends on many factors...

 

  1. Time frame your trading off of
  2. Time of day
  3. Strategy used
  4. Risk to reward ratio

-Mike

  • #6
  • Oct 25, 2010 9:34am Oct 25, 2010 9:34am
It all depends on how much risk you are willing to take. A good guidepost is to consider the Average True Range (ATR) as basis to place Stop-Loss orders. The ATR is essentially a moving average of the Price difference between high and low of the time frame you're considering, that is its volatility.
  • #7
  • Apr 30, 2018 8:19am Apr 30, 2018 8:19am
Quoting fx111
What stoploss do you use? 10, 20, 30...? I use 15pips, maximum and rarely 20, not more than that. Do you think that is enough to give price a space or it would be better to use wider stoploss?
It depends on the setup. How can you use specific stop loss all the time. No matter what time frame you use, there are some support and resistance. Yes could be a maximum limit. Like any set up that requires more than 200 pip stop loss, I won't take that trade.
  • #8
  • Apr 30, 2018 9:37am Apr 30, 2018 9:37am
It depends on the support/position levels, but usually I prefer it not to exceed 30 pips.
  • #9
  • May 1, 2018 6:39am May 1, 2018 6:39am
Quoting fx111
What stoploss do you use? 10, 20, 30...? I use 15pips, maximum and rarely 20, not more than that. Do you think that is enough to give price a space or it would be better to use wider stoploss?
I see, it’s an old thread, but I am really interested to know your logic on fixed SL; means; if your SL is 30 pips below the resistant level. Will you be interested for 15-20 pips, till now? No logic in there. You have to always stay with the safe site.
  • #10
  • May 2, 2018 5:53pm May 2, 2018 5:53pm
I tend to look at autochartist.com for the daily price movement range(DPMR). I'm not sure how it correlates to the ATR?
You gotta give 'em room to breath! I'll take smaller positions to allow for normal movements to set my stop. I will move stops up as my analysis is confirmed, but always remembering the DPMR.
I'm relatively new but found out from paper trading that I would have my stops too tight. Now with smaller sizing and wider stops, it is working much better.
Still have to consider risk/reward, of course!
  • #11
  • May 3, 2018 3:53am May 3, 2018 3:53am
I prefer to place 30-50 pips, depending on support/resistance levels. 100 pips is the maximum limit for me.
  • #12
  • May 3, 2018 9:27am May 3, 2018 9:27am
For me it mostly depends on the support / resistance levels and how much risk I am willing to take.
Also the simple percentage of equity rule comes in handy.
  • #13
  • May 3, 2018 11:01am May 3, 2018 11:01am
it was depend on your capital and your strategy. For example, i'm use 10 pips for $10 capital with 0.01 lot. If you have more capital you can use more stoploss point.
  • #14
  • May 4, 2018 8:09am May 4, 2018 8:09am
Quoting DwainUK
I prefer to place 30-50 pips, depending on support/resistance levels. 100 pips is the maximum limit for me.
100 pips is quite a lot. How often do you out SL like that?
  • #15
  • May 5, 2018 4:03am May 5, 2018 4:03am
It depends on trading conditions and strategies, when I have to depend on long term strategy then I have to use this SL and I try to maintain it within 20-30 pips. but when time to scalp I don’t use this technique.
  • #16
  • May 5, 2018 7:19am May 5, 2018 7:19am
Quoting AdamCrist
It depends on trading conditions and strategies, when I have to depend on long term strategy then I have to use this SL and I try to maintain it within 20-30 pips. but when time to scalp I don’t use this technique.
On what time frame do you do the scalping?
  • #17
  • May 5, 2018 12:06pm May 5, 2018 12:06pm
All...Keep dropping down until a scalp makes sense
  • #18
  • May 7, 2018 6:34am May 7, 2018 6:34am
Quoting yanetjellen
All...Keep dropping down until a scalp makes sense
Ha, that's one possible approach, I guess.
  • #19
  • May 7, 2018 6:57am May 7, 2018 6:57am
The stop loss value should always depend on the set up. There is no one number anyone can throw out and say thats their stop. I have seen some people saying 30 pips max... That makes no sense. Would you rather miss a good set up if the stop in your estimation should be 40 pips? Just lower the trade size.

Personally I use stops anywhere from 20 pips to 100 pips, depending on time frame, set up and the traded pair in particular. GbpJpy should not be treated the same as UsdJpy. You may have the same exact set up but the stops on GJ will have to be a lot bigger.
  • #20
  • May 7, 2018 9:06am May 7, 2018 9:06am
I use ATR (period 7) for both Targets n stops ...
ATR*2 = target
ATR*1 = stop
2 traders viewing now