What is a safe number of pips to use as a stop loss??
Use the search button bro, you’ll find your answer there.
There isn’t an objective “right answer” to this question: it depends on a [I]whole range of variables[/I], some of them related to the volatility of that instrument at that time, some of them related to the probable trade-duration and timeframe, and so on.
What matters is to work out your position-size according to the chosen stop-loss, rather than the other way round (there’s an example in this post, if it helps.)
Hello RDix! Please don’t use any specific number as your SLs! Because, you need to select your SLs in order to your trading style! In addition, always try to set your SLs in a logical place, same condition for TP positions! Using SL tool with analysis is really meaningless either it’s too much big or too much small Stop loss!