[zapper]

Well, When you use SL, you would like to use it wisely ;-)

The best way to set SL level is by basing it on the volatility of a selected pair. Consider, for example the GU pair... It`s 1.25 times more volatile than the EU pair. Hence, setting a low SL level would trigger it and put you under risk. On the other hand, you could stay on the safer side by setting the SL level at the S2(Second support level) for long orders of GU and S1 for long orders of EU. The same thing applies to short orders as well, but you`ll be taking Resistances into consideration, instead of Supports...