Core Rule: Fixed Pip Stop Loss
Posted: Thu Dec 01, 2022 6:51 pm
Alright, I'll kick things off here.
This is a good rule to use if you don't know where to start with a stop loss and just want to use a fixed number of pips. It's generally not a good idea to use a fix pip stop with most strategies, but this can be a quick and dirty way to start testing.
You can do a similar thing for a take profit.
Short trade stop
Long trade stop
This is a good rule to use if you don't know where to start with a stop loss and just want to use a fixed number of pips. It's generally not a good idea to use a fix pip stop with most strategies, but this can be a quick and dirty way to start testing.
You can do a similar thing for a take profit.
Short trade stop
- Screen Shot 2022-12-01 at 11.49.43 AM.png (111.63 KiB) Viewed 6829 times
- Screen Shot 2022-12-01 at 11.49.34 AM.png (110.87 KiB) Viewed 6829 times