Guys I want peoples opinion on the pros/cons in regards to...
1. Not using a Stop Loss and holding the trades but most likely lead to big drawdowns.
2. Use a Stop Loss and take a hit when the Trend goes against you?
I've got a Expert that does quite well in ranging markets but gets all twisted in a up trend. High floating loss and low remaining margin.
But in general trading terms, manual or automated, which do you prefer?
1. Not using a Stop Loss and holding the trades but most likely lead to big drawdowns.
2. Use a Stop Loss and take a hit when the Trend goes against you?
I've got a Expert that does quite well in ranging markets but gets all twisted in a up trend. High floating loss and low remaining margin.
But in general trading terms, manual or automated, which do you prefer?