You pretty much answered your own question I think. Just need a little validation. If you find you're getting stopped out too much and it's adverse to your trading system, either adjust the trading system or adjust the stop loss.
A stop loss should be the point that you recognize if the price hits this point, it's not turning back around. Which for traders is extremely difficult to recognize.
Currently, I'm in a similar situation as you, where I am debating the possibility of expanding my stop loss just a bit further.
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