Trading Tips are Arriving Soon!
Place a stop-loss order at a pre-determined percentage of the daily trading range. For example, if the true range or average of recent true ranges (High minus Low, plus any gap between prior close and today's low or high) is say 62 points, then the stop may be set at 120% of that range which is roughly 76 points.
In the Deutsche Mark it equates to a $1,250.00 stop-loss and potential trading loss plus slippage if the stop gets hit during trading hours.
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