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Forex Static stop loss on Daily or not?

Discussion in 'Forex Forum' started by Lupo.Nero, Apr 5, 2016.

  1. Lupo.Nero

    Lupo.Nero Guest

    Hi all.
    I'm trading Daily chart only but i haven't a good Risk:Reward (maximum 1:1) because stop loss on Daily are bigger (150/200) with Atr confirm too.
    I'm thinking if was a good idea use only static stop (50 or 100?). In this way i can have a good risk:reward (1:2 and 1:3) and i would respect the ancient "Cut your losses and let your winners run" :)
    What are your tips?
    Thank you

    Source.
     
  2. LuckyHunter

    LuckyHunter New Member

    Joined:
    Apr 26, 2016
    Likes:
    0
    Location:
    Indonesia
    I seldom use SL when trading, but for TP, I always set it. I usually cut my loss when already reach risk as my plan. As long as we can be discipline trader, we can earn more profit. Demo account in forex also must be maximized. May be it's not easy to be done, but as long as we want to try and learn from our experience, we can be better, including when using strategy. FreshForex transferred Classic accounts from instant to market execution, I can trade without requote, and it makes me be more focus.
     

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