Well here is an example of a stop loss that saves you from uncontrollable situations.
One thing the binary option does not have.
There, if you open an order, you will either win or lose.
There is security here.
Yesterday I saw this formation that I posted above and that looked like a double top.
I entered the green line with a command.
I did not put stop loss because I was watching it.
Before I left I saw that the price was going up and down a little higher than where I entered.
I decided to put a stop loss with a loss of 3 euros just above the top at the red point for safety.
And as you can see, the price broke the stop loss, the order closed with a loss of 3 euros, but the exchange rate is under monitoring.
If it starts and falls I have to place an order at the point where I had put the stop loss and a little above.
This will be done because if the price falls below the stop loss I will start to get my money back as I lost it but I will have neutralized the spread, ie the company's supply.