Hi

I would like to hear your opinions regarding the use of stop loss on manual trading systems.

Do you prefer to set a numeric value for the stop loss? Do you prefer using only the exit signal given by your trading system?

What do you think about protecting yourself from losses by setting a SL at the open price (after you have a floating profit of x pips)? The answer to this question is very important to me. If I set this SL at the 0 level, there are many times when the prices hit my SL closing my position with 0 pips, but after that, the prices continue to go in the good direction. So, I don't lose much, but I can't win much either. Are you using this type of protective SL?


Please tell me what do you think.

Best Regards.