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Trade with stop loss

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Tan Phan Ngoc
1326
Tan Phan Ngoc  

In my opinion, successful method is:

   - Follow the trend

   - Use stop loss

   - Let profit orders go

Umar Ismail
12456
Umar Ismail  
Makeprofitsuper:

In my opinion, successful method is:

   - Follow the trend

   - Use stop loss

   - Let profit orders go

Agree
Francis Dogbe
9562
Francis Dogbe  
ismail77:
Agree
me too
Marco vd Heijden
Moderator
5750
Marco vd Heijden  
Disagree.
Aleksei Beliakov
30392
Aleksei Beliakov  
so am i
forextime8
612
forextime8  

some question regarding stop loss ,

should I add spread into stop loss level ?

Tan Phan Ngoc
1326
Tan Phan Ngoc  
forextime8:

some question regarding stop loss ,

should I add spread into stop loss level ?

What do you mean?
whroeder1
16295
whroeder1  
forextime8: should I add spread into stop loss level ?

For sell orders the SL/TP are relative to the Ask. So if want to exit at High of the previous bar, for example, you must use High+average spread for sell.

Likewise, for BuyStops/BuyLimits, you must add the average spread to the Bid price you want the order to open at.

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