How to Calculate a Stop Loss using Excel

I found a video entitled like this on Youtube. Dude, seriously?!

This is why many traders fail, because they have been taught that their trades must have fixed SL, TP etc. The markets are much more fluid than you think. You cannot ‘predict’ the stoploss or the takeprofit no matter how many calculations you make. You can, at most, estimate them… which case you do not really need so many calculations. Better focus your time and mental energy on something else.

I’ve managed to watch 30′ of that video, BTW.

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robotfx-fluid:

EURUSD

Now this is how to manage a losing trade so it will always be in profit. And this is exactly what the RobotFX Fluid EA does.

Those 95% losers in the forex game are losing mostly because they do not know how to manage a losing trade and they either use a stoploss or wait and hope until it is to late.

In this picture I entered long on EU at the wrong moment. The price dropped soon after. Instead of panicking and closing the trade, I opened a short, double the size of the long. This way I was covered if the price would have dropped further. The price dropped indeed, triggering the BE for the sell, but then rised again, closing the sell at BE profit (1 pip).

Even better, it continued with the original trend, so eventually the long trade close in profit, too (28 pips). And so, one losing trade became 2 winning trades. Only thanks to the RobotFX Fluid EA.

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