S/L for EUR/USD & GBP ?

Hello,

I am trying out a medium-term sytem where I hold a position from one day to several days. I want to be able to adjust my T/P but I want to be more strict with my S/L. I am aware of trailing stops etc. What I am trying to figure out is how many pips should I enter in order to give me a chance to play my sytem without getting kicked out? Generally speaking of course. Just looking for some experienced trader who can educate me in this matter.

Thank You

I think the stop loss would depend on where you enter with reference to the resistance/support points, maybe swing low/high. It could be something to the tune of 25-100 pips for EURUSD and 35-125 pips for GBPUSD.

Could discuss more specifically if more info is available.

Have nice 100 pips days.

PM

Thanks Pips,


I will share more when I do my testing on my demo.