Stop loss take profit

[jenialyinvest]

Does the stop loss and take profit change with the lot number you trade? For example is 100 pip stop loss the same if we trade with 0.01 or .1 or 1 lot?

[Charbel]

Hello jeniyali, well sl and tp distance in pips never changes, what it changes with lot size traded is their values in account currency.

[jenialyinvest]

Thank you charbel

[Petko Aleksandrov]

Basically the SL and the TP are the prices where you want the trade to be closed.

The change in the lot will determine how big is the trade. The bigger it is, the more value you will have on the SL and the TP.

[Author]

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