I have large stop losses based on volatility. I was once told by trader AlIen Barry, keep your stop losses outside volatility and your targets inside volatility. I enter individual positions initially anything from $2.66 per pip to $8 per pip depending on the volatility of the pair. At present it is $3.20 per pip with a stoploss of 125 pips on both EJ and GU, although prior to 2025 stoplosses had been 150 pips on EJ and 100 pips GU, with $ per pip at $2.66 and $4 respectively.  If price goes against me I add to the losing position. I Increase size if the chance of success increases . A position is finally cut off at the stop loss of the initial entry, or a max 3.3% if it comes first, enabling me to withstand the daily drawdown limit of my prop firm challenge of 5% with 3 full daily stops in a row before I hit the 10% max drw down limit. These large stoplosses apply to range trade fades and counter trend fades however I do enter some breakout positions that I cut off much more quickly, as I find these can reverse just as strongly as they can go my way. These breakouts are usually after some sort of news stimulus which creates the volume to hopefully gap away after the breakout.