When to use stop loss? - page 3

[Mladen Rakic]

choudri7:
Dear coder gurus Mr.tools and Mr.mladen how can i get the scrip or currency name in the chart main window in a very light colour same as tsd in all the charts. i want to use it for currencies and indian stocks too. Thanks in advance

choudri7

If you mean the watermark that is on all the pictures attached to the posts, it can not be done in metatrader 4

[Ali]

Stop loss should be placed after proper analysis over market because Forex market is very risky and analysis helps the trader to make the right entry and exit.

[Igor]

I'm using stop loss too maybe it's offtop but what about "take profit"? Is it useful too?

[techmac]

Hitigor:
I'm using stop loss too maybe it's offtop but what about "take profit"? Is it useful too?

depends

if you are a trend trader then it is probably better to use trailing stop

if you are scalping sometimes the only safe way to take profits when scalping is to have take profit set

[choudri7]

mladen:
choudri7 If you mean the watermark that is on all the pictures attached to the posts, it can not be done in metatrader 4

Thanks and Regards sir.