Optimum Stop losses.

[markt]

Does anyone know the optimum stop losses for each major currency pair for each timeframe? Even better is there an indicator out there that works this out based on the live price?

[iscuba11]

Try using a ATR (Average True Range Indicator) and set it to 1 or 2, then take the worst case senario as a guide for the stop loss. I have included a few indicators to play with.

Dave <<<

[markt]

thanks

Also, is there an indicator out there that can work out the average trend (in pips) for each pair, in each timeframe... ie; based on recent say.. D1 chart (last 7 days) and equivilent time period for each timeframe?