DislikedThanks you all. Really this is a wonderful family. Let me here answer the last post, i beg to be forgiven if i answered it wrongly, just to test my brain and and see if i am really catching up with my learning. I think the issue of where to set the stop loss has to do with amount you are willing to risk. So it should be calculated on the basis of risk /reward ratio of 1 to 3, that is for every 30$ profit target, you set your stop loss at 10$. Can someone please tell me if i am correct.Ignored
Example on a $50,000 using eurusd.
If sl size is 25 pips my lot size will be 1.00 lot.
If sl size is 250pips my lot size will be 0.10 lot.
if sl size is 165 pips my lot size will be 0.15 lot.