Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
you should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.
Sometimes stop loss feature wouldn't be executed depending on the situation of the market. Illiquid market conditions are the biggest reason why no one buys, sells the stop loss order and it was executed on another possible price level.