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One good approach is to try to get an idea of the historical volatility of the currency pair being traded, and that would provide an idea of where a stop loss should be set.
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Entry Exit 1 1 look for price action going out of Bollinger Band (20) 2- Enter short at first candle opening inside the band 3 set profit stop at EMA forex price action scalping pdf volman trading 4 Stop limit just outside of Bollinger band.
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The way to do this is by registering a callback. You must allready have a plan before you open a position - "I'd rather be "out" of a trade frading wishing I was "in" than "in" a trade and wishing I was "out" Forex is a risky business.
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