as soon as i buy or sell i will put stop loss order is it right method ? when the price comes near target only i will place my target order is it right or i have to wait for the 5 min closing candle for stop loss . if i wait for 5 min closing candle the price may close below the stop loss and the loss will be heavy pls reply
No you should wait for 5 minutes candle close. then only, you can be clear with trend. dont worry about 5 to 10 points difference in making losses. trend is only very important. if you did not mind 5 minutes closing, target will be done after stop loss order triggering.
so no need to put stop loss order. and wait for 5 minutes candle close, and then place stop loss order. because here, call is given with amibroker signal softwares. so 5 minutes closing is considered as very important one