Stop Loss: low of a bar, or tighter?

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Hello,

This question is not about a specific problem writing mql4 code. It's about knowing what works best for an EA.

Suppose I'm going long, I wonder where's best to put the SL, choosing between the low of the last closed bar, or the middle of the last closed bar (in this case the stop would be tighter), or even tighter. I've seen codes in this forum about 1-pip stops. Is it statistically better to put the SL as tight as possible?

Knowing this, I'll translate this info into mql4 code for an EA.

Thank you.

 
mql4writer01:
This question is not about a specific problem writing mql4 code.
Is it statistically better to put the SL as tight as possible?
  1. Which is what this forum is about. Try other forums
  2. Code it, back test it, and find out.
 
mql4writer01:

Hello,

This question is not about a specific problem writing mql4 code. It's about knowing what works best for an EA.

And you think double posting will get your off-forum question answered ?

https://www.mql5.com/en/forum/135539

 
WHRoeder:
  1. Which is what this forum is about. Try other forums
  2. Code it, back test it, and find out.

Thanks, I'll back test it.
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