Where Do I Put My Stop Loss?

This is by far the most common question traders have, where do you put your stop loss and in some cases your targets? The true answer is there is no correct answer. This is determined by your account size, trading style, instrument, bar type, etc. It’s common practice to aim for a 3x risk to reward ratio however 2x is common. It’s highly recommended that you trail your position to mitigate your risk.

If you are using our trading signals, remember to always confirm your entries with what you know best. Consider our bots as your virtual assistant. They are merely making a suggestion for your to ponder.