You can of course alter the multiplier of largest excursion for stoploss according to the behaviour of the trading pair involved.. (learntotradethemarket.com)
Thanks Nial for shearing your expertise with a beginner like me.As much as I agreed with you on the need to trade higher time frames, my opinion is that the amount of money put online is important.For somebody who trades with as little as $ 100, trading on a daily chart, that usually demands for high stoplosses can wipe out your account easily.I agree with you that traders who can afford to trade with bigger sums of money are better off on higher time frames. (learntotradethemarket.com)