Quoting JSC77DislikedI agree about the stop loss issue. I know how to put my entries and I know how to exit, all with great confidence, but as long as I'm not sure I'm using an excellent stop loss strategy I can't go live. Obviously because this insecurity makes me emotionally more vulnerable and increases the odds of not following my stop loss rules. Never again I will fool around with real money, have paid enough "tuition fee" in the past As for now I have simply decided to test the above swing high/below swing low stop loss method... I'll just give it a chance and see how it affects my demo account. Maybe it IS the best method... Meanwhile I'll do a lot of research though, backtesting every meaningful stop loss strategy I can find.
Funny SAR is mentioned because I was backtesting with this indicator this weekend... unfortunately I can't find a good setting that is in harmony with VWB I would like to find other good stop loss strategies but I can't find much information about it... Yes there's a lot of information available about money management (the best stops related to account size) but not about the best possible stops related to price action.
What is the best possible stop loss strategy giving you enough space so you're not stopped out all the time, and still minimizing your drawdowns? Every pip counts, let's say if you do 100 trades/year and win 5 pips/trade because of a better stop loss strategy, in the end that's some good money!Ignored
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.