Yes, you can have multiple trades open simultaneously.

How many trades you can have open at the same time depends on your pips available.

Example:

Let’s say you have 50 pips available. You decide to open three trades:

Trade 1: EUR/USD with a 15-pip SL

Trade 2: GBP/USD with a 20-pip SL

Trade 3: USD/JPY with a 10-pip SL

After opening these three trades, you’ve used up 45 pips out of your 50 available pips (15 + 20 + 10 = 45). This means you still have 5 pips available for additional trades.

If you want to open another trade, you would need to either reduce the SL on one of your existing trades or ensure that the new trade’s SL doesn’t exceed the 5 pips you have left.