Trade with stop loss

[Tan Phan Ngoc]

In my opinion, successful method is:

   - Follow the trend

   - Use stop loss

   - Let profit orders go

[Umar Ismail]

Makeprofitsuper:

In my opinion, successful method is:

   - Follow the trend

   - Use stop loss

   - Let profit orders go

Agree

[Francis Dogbe]

ismail77:
Agree

me too

[Marco vd Heijden]

Disagree.

[Aleksei Beliakov]

so am i

[[Deleted]]

some question regarding stop loss ,

should I add spread into stop loss level ?

[Tan Phan Ngoc]

forextime8:

some question regarding stop loss ,

should I add spread into stop loss level ?

What do you mean?

[William Roeder]

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.