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Trading without stop-losses

  • #741
  • Oct 10, 2017 12:13pm Oct 10, 2017 12:13pm
Quoting Madinvestor
I think you can trade without a stop loss if you trade very small positions relative to the size of your account, but I can't see a day trader or scalper doing this. Leverage is usually used much more and news or sudden spikes would kill your account in an instant.
check me out
fit into daytrade, scalp, and no SL.
now, what do you think? possible?
there is always, always another trade!!
  • #742
  • Oct 10, 2017 1:08pm Oct 10, 2017 1:08pm
Quoting profitfarmer
{quote} check me out fit into daytrade, scalp, and no SL. now, what do you think? possible?
Wow do you really? You are braver than most mere mortals! Do you use a lot of leverage on your trades? I'm curious as to how you are not scared of a random spike moving against you faster than you can get out of your position! I know I've experienced this first hand and vowed I would never not use a SL again.
  • #743
  • Oct 10, 2017 1:31pm Oct 10, 2017 1:31pm
Quoting Madinvestor
{quote} Wow do you really? You are braver than most mere mortals! Do you use a lot of leverage on your trades? I'm curious as to how you are not scared of a random spike moving against you faster than you can get out of your position! I know I've experienced this first hand and vowed I would never not use a SL again.
you way too much discount the power of small but consistent profits.
i have the leverage set high, yet use minimal leverage mostly, so basicly irrelevant.
no sudden spike can really hurt you, as long as those position/s you are in small. if a spike really hurt you that hard, you probably had way too large position.
( obviously who would scalp right before high impact news?!)

lets take an example:
you are in a small scalp entry, that worth 0.2% = 10 pip move.
you have a sudden 100 pips spike? = -2%
a sudden 200 pips spike? =-4%
i am sure you got the point.

lets reverse it:
so, you book 10 pip profit = +0.2%...
you book 20 pips profit = +0.4%

book net 20 pips like that 19/20 days, and are probably 10% ahead by end of the month, compounded.

note:
this is example, for simplicity, to picture how scalping is. i am not using this exact measures.
(however my worst DD% is real @8% as is my gains of 98%. approx 0.3% a day on the account attached)
certainly, like everything, it takes experience to have results. nothing posted to brag about.
the numbers merely to illustrate that it is possible to have good, consistent return without a SL, and without excessive risk.
there is always, always another trade!!
  • #744
  • Oct 10, 2017 6:12pm Oct 10, 2017 6:12pm
Quoting Madinvestor
I think you can trade without a stop loss if you trade very small positions relative to the size of your account, but I can't see a day trader or scalper doing this. Leverage is usually used much more and news or sudden spikes would kill your account in an instant.
Agree. It is easier to do without stop loss if you are not scalping.
Mecrandie
  • #745
  • Oct 11, 2017 2:34am Oct 11, 2017 2:34am
Quoting mecrandie
{quote} Enjoy my all green FFE. No free tutoring. Faceless fool.
Your pips are worth as much as your talk - NEGATIVE PROFIT FOR THE YEAR, shown as below. Keep people listen to this scammer, you know, you will have a lot of green pips HAHAHA


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  • #746
  • Oct 11, 2017 5:24am Oct 11, 2017 5:24am
Quoting profitfarmer
{quote} you way too much discount the power of small but consistent profits. i have the leverage set high, yet use minimal leverage mostly, so basicly irrelevant. no sudden spike can really hurt you, as long as those position/s you are in small. if a spike really hurt you that hard, you probably had way too large position. ( obviously who would scalp right before high impact news?!) lets take an example: you are in a small scalp entry, that worth 0.2% = 10 pip move. you have a sudden 100 pips spike? = -2% a sudden 200 pips spike? =-4% i am sure...
Yes, I see. That's an interesting point. I suppose scalping with lower leverage may be the exception in this situation. For me, I am an intra-day trader. The positions I take are variable in size based on where I place my SL and Entry price. So some are larger than others, but my risk remains constant at 1% of account. In the case that the position is larger, it can definitely wipe you out if the price spikes and slips significantly past your SL, so fastest execution is essential to my trading style. Since you use less leverage in your scalps, a bit of slippage here and there doesn't bother you as much.
  • #747
  • Oct 11, 2017 5:36am Oct 11, 2017 5:36am
Quoting Madinvestor
{quote} Yes, I see. That's an interesting point. I suppose scalping with lower leverage may be the exception in this situation. For me, I am an intra-day trader. The positions I take are variable in size based on where I place my SL and Entry price. So some are larger than others, but my risk remains constant at 1% of account. In the case that the position is larger, it can definitely wipe you out if the price spikes and slips significantly past your SL, so fastest execution is essential to my trading style. Since you use less leverage in your scalps,...
if you checked me out, then you also seen that i mentioned equity SL.
perhaps the missing part of your answer?
while no individual position has a SL, that doesnt mean there is no point to cut all loss.
in the meantime, as the example showed, there are spikes happening, but 20-40 pips isnt something you need to worry that much, matter of fact they might lead to a better entry to average on an existing trade.
of course, each does what comfortable with, most of the time my working drawdown stays well within the 1%.
there is always, always another trade!!
  • #748
  • Oct 11, 2017 8:01am Oct 11, 2017 8:01am
Quoting profitfarmer
{quote} if you checked me out, then you also seen that i mentioned equity SL. perhaps the missing part of your answer? while no individual position has a SL, that doesnt mean there is no point to cut all loss. in the meantime, as the example showed, there are spikes happening, but 20-40 pips isnt something you need to worry that much, matter of fact they might lead to a better entry to average on an existing trade. of course, each does what comfortable with, most of the time my working drawdown stays well within the 1%.
Yes, I totally get what you are saying. You just use mental stops. I did take a look at your trade explorer. I would be willing to bet that the success of your strategy actually depends on you not having a hard stop, because that would probably cause a lot of your winning trades to lose. Looks like what you're doing is working though. The knock that I always heard about scalping is that one loss can wipe out many profitable trades, but it looks like most of your losses are also pretty small as well. Hey if it ain't broke, don't fix it!
  • #749
  • Oct 11, 2017 8:46am Oct 11, 2017 8:46am
Maybe new Forex traders are! But it’s not proper way of trading! Because, trading without stop loss means, trading with a 100% risk ratio! Traders have to use decent stop loss position in their trading.
  • #750
  • Oct 11, 2017 9:15am Oct 11, 2017 9:15am
Quoting jdieieh
{quote} Your pips are worth as much as your talk - NEGATIVE PROFIT FOR THE YEAR, shown as below. Keep people listen to this scammer, you know, you will have a lot of green pips HAHAHA {image}
Publish your FEE report if you know how to set it up, then you will qualify for this thread. Shameless idiot.
Mecrandie
  • #751
  • Oct 11, 2017 9:31am Oct 11, 2017 9:31am
Quoting mecrandie
{quote} Publish your FEE report if you know how to set it up, then you will qualify for this thread. Shameless idiot.
Only moron like you publish his financial matters or a mug shot publicly online. Your understanding of the world around you is equal to your speculation demo fail. You enjoy tons green pips, but cannot see red dollars, total -50% for last 3 year. Biologically your age might be in 50s, but mentally you are still a just a naive teenager. Sorry, there is not hope for you. But I dont blame you too much, your country made you that way.
  • #752
  • Oct 11, 2017 9:50am Oct 11, 2017 9:50am
Quoting DarrenLehma
Maybe new Forex traders are! But it’s not proper way of trading! Because, trading without stop loss means, trading with a 100% risk ratio! Traders have to use decent stop loss position in their trading.
my dear friend!
how if your own mantra working out for you?
are you profitable?
all that matters that you happy with the results what you have now.
your belief has as little impact on my results, as my results on your beliefs.
there is always, always another trade!!
  • #753
  • Oct 12, 2017 8:02am Oct 12, 2017 8:02am
Quoting jdieieh
{quote} Only moron like you publish his financial matters or a mug shot publicly online. Your understanding of the world around you is equal to your speculation demo fail. You enjoy tons green pips, but cannot see red dollars, total -50% for last 3 year. Biologically your age might be in 50s, but mentally you are still a just a naive teenager. Sorry, there is not hope for you. But I dont blame you too much, your country made you that way.
Go and hide in your rat hole snoopy dog. This thread is for senior boys.
Mecrandie
  • #754
  • Oct 12, 2017 8:11am Oct 12, 2017 8:11am
s
Quoting mecrandie
{quote} Go and hide in your rat hole snoopy dog. This thread is for senior boys.
Keep telling your self that, you are a master in self deception, you might even believe that... in the meanwhile your "senior boys" speculation brings -5% this week and still counting...

Numbers don't line, no matter how filthy or gold plated mouth is... seems like 4th or 5th loosing week in a raw so far... the year itself also on very loosing foot and that after you hidden previous pretty bad years... a year when average, lazy fund run by dino-managers makes +30%.... inconvenient truth and you want to mentor anybody? hahaha

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  • #755
  • Oct 13, 2017 11:31pm Oct 13, 2017 11:31pm
Quoting mecrandie
{quote} Go and hide in your rat hole snoopy dog. This thread is for senior boys.
2 days later and you, my senior boy and master mecrandie, managed to turned this week from -5.0% into -14.3%. EXCELLENT SENIOR BOYS PERFORMANCE HAHAHA

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Here is more detailed record of this scammer's deeds:

Focusing on annual return:
1 Jan 2015 - 31 Dec 2015 = total return +0.2%, barely positive, in fact negative considering inflation
1 Jan 2016 - 31 Dec 2016 = total return -18.7.%, highly negative
1 Jan 2017 - up to now = total return -19.3%, still counting

Focusing on monthly return in 2017
January = -3.6%
February = -0.5%
March = -0.3%
April = +6.6%
May = -1.5%
June = +2.8%
July = +0.1%
August = +1.0%
September = -6.3%

Focusing on recent weeks
Week ending 17/09/2017, LOSS: -2.4%
Week ending 24/09/2017, LOSS: -1.5%
Week ending 01/10/2017, LOSS: -3.4%
Week ending 09/10/2017, LOSS: -7.8%
Week ending 05/10/2017, LOSS: -14.3%

Still counting for the year....

More details to see here:

https://www.forexfactory.com/showthr...9#post10390239

Here we are folks. Listen to scammer like mecrandie and you will have, you know, a lot of green pips. Then you can take those pips and buy a new car or fund holidays in Bahamas hahaha
  • #756
  • Oct 20, 2017 3:32am Oct 20, 2017 3:32am
Who is on FTSE100, good sweet spot for FTSE100, thanks to BREXIT uncertainty, this instrument has been predictable for 2 trading sessions now.

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https://www.myfxbook.com/members/mav...bronco/2284466
  • #757
  • Oct 20, 2017 6:49pm Oct 20, 2017 6:49pm
Quoting mecrandie
{quote} Go and hide in your rat hole snoopy dog. This thread is for senior boys.
Here is mecrandie "senior boys" way of making money. Not only virtual dollars fly away, but also green pips are getting thinner and thinner (the one you could use to fund your Bahama holidays with) Keep listening people to this "master"...

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  • #758
  • Oct 20, 2017 8:15pm Oct 20, 2017 8:15pm
i don't know what you guys are talking? I keep my trades open for a month or so without sl and never a big spike wiped out my account, obviously my lot sizes are small,anyways no one leaves big lot size unattended.
  • #759
  • Jan 23, 2018 10:05am Jan 23, 2018 10:05am
Quoting MoneyZilla
Here are two hedging examples from today. On the first screenshot, there is a problem with the P/L on the dashboard. It shows negative P/L, while the real P/L was like $1,886 at the time of closure. Spoke with the developer about that. We decided to chase that problem at later stage, cause this thing appears only after the closure button have been pressed and does not affect any strategy within the EA. {image} The second screenshot shows the daily P/L and the alert at the time of closure. {image}
Which EA do you use for heading? FX5 ...?

Thanks
  • #760
  • Jan 24, 2018 9:48am Jan 24, 2018 9:48am
Quoting T4Trade
i don't know what you guys are talking? I keep my trades open for a month or so without sl and never a big spike wiped out my account, obviously my lot sizes are small,anyways no one leaves big lot size unattended.
Some people open short term positions with big lot sizes, then the stop loss is almost imperative, I think.
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