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Trading with no stop loss

  • #161
  • Edited 10:44am Nov 10, 2020 10:29am | Edited 10:44am
Quoting allinazi
{quote} still yet so many people losing using stops and still people stuck in their box... i back my stuff up with a live te...
in any case..newbies with a brain don't believe that making 100%/week consistently is possible. people fool themselves.
  • #162
  • Nov 10, 2020 10:47am Nov 10, 2020 10:47am
The fact that the account is small should tell a lot. I mean... don't blame someone else if you have totally insane expectations.
  • #163
  • Nov 10, 2020 10:53am Nov 10, 2020 10:53am
Quoting HeyYou
The fact that the account is small should tell a lot. I mean... don't blame someone else if you have totally insane expectations.
yep fair point
  • #164
  • Nov 10, 2020 11:16am Nov 10, 2020 11:16am
back on topic

at this point I prefer martingale to no sl.
  • #165
  • Edited 6:24pm Nov 10, 2020 4:12pm | Edited 6:24pm
trend to pull back and looking like it might range for a bit so going to try,,exploit, this. the way i see it i only have about 2 months before it might pop again, including xmas so thats a bugger, thus, double or triple down at extremes 2-3x std should be OK
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grist for the mill
  • #166
  • Nov 11, 2020 6:41am Nov 11, 2020 6:41am
I can’t think about trading without stop loss. Why bite a bullet that is meant to kill?!
  • #167
  • Nov 11, 2020 6:55am Nov 11, 2020 6:55am
Quoting ambenneesham
I can’t think about trading without stop loss. Why bite a bullet that is meant to kill?!

all people trade differently,,, theres more than one way to manage risk,, and that can be without a stop loss as well
  • #168
  • Nov 11, 2020 7:22am Nov 11, 2020 7:22am
They think they are safe with their stop losess. a gap in price and you can lose a lot on single trade or even blow your account if you use leverage.
  • #169
  • Nov 11, 2020 7:31am Nov 11, 2020 7:31am
Quoting HeyYou
They think they are safe with their stop losess. a gap in price and you can lose a lot on single trade or even blow your account if you use leverage.
You are correct, but there is a way to make sure you do not lose your entire account. There are trade-managing EA´s with a "shirt-protection" feature, meaning that the EA closes all open trades when it detects a floating loss higher than X (you define the value of X in the EA´s inputs). Actually, such safety measure should be mandatory in any trading environment.
  • #170
  • Edited 7:36pm Nov 11, 2020 4:52pm | Edited 7:36pm
Quoting Middleastern
{quote} You are correct, but there is a way to make sure you do not lose your entire account. There are trade-managing EA´s with a "shirt-protection" feature, meaning that the EA closes all open trades when it detects a floating loss higher than X (you define the value of X in the EA´s inputs). Actually, such safety measure should be mandatory in any trading environment.
and how do you decide what X is? computer says?..

this is really key to trading without a stop, you have to know what the real breaking point is and it all depends on the pair you are trading, that is why pair selection is the most important thing, you must consider past vol, future expectations and account for the potential/maximum historical swing against you - sometimes this might be by 500/1000 pips against! are you willing to add 'temp' equity and carry it ? trade out of it.. mean reversion.. sure you might swing a 85% win rate for a month but that is the what-if you need to have in your head - and this is why i dont recommend trading a certain pair just because you like it, you need to know what or how it will work for you and when it goes against you you need to walk away.
grist for the mill
  • #171
  • Nov 12, 2020 12:39pm Nov 12, 2020 12:39pm
A thoroughly considered stop-loss order is essential if it is supposed to have a smooth curve in the long run.
No stop-loss means to handle the most important trading aspect, the risk control, to the market.
And all I know is that the market is capricious, and it does not care about the return curve at all.
  • #172
  • Nov 12, 2020 7:19pm Nov 12, 2020 7:19pm
I think it is possible to trade without any stoploss
1. trade the minor trend
2. split your main account into 3-5 account. for instance, 1000usd seperate it to different account
3. only close the trade when price break your comfirmation, let say if price break your confirmation and go about 30pips. then you gotta cutloss
4. don't trust anybody opinions

the reason why people don't use stoploss is probably they are too lazy to set them? and they have times to watch the price until it reach the target

and why people use SL because they probably have doubts on their set-up
ForexCriminal
  • #173
  • Nov 12, 2020 11:00pm Nov 12, 2020 11:00pm
hello

yup a do trade without stop loss but only LONDON session due to my location, yes did master how to trade, but do not say I am crazy in my only opinion the forex market his manipulated so a do take advantage of it.
every day the bastard from forex decided to move a currency for no reason so with a pair strength analyzer, and a precise correlator a must determine with currency will move but the most important you have to determinate your level precisely where is your take profit all happen 30 minutes before LONDON and just at the opening, unfortunately, they do manipulate the market to take all your stop lost grrr when an enter a trade had to make sure the currency breakout my first level if not no trade on 15 minutes chart. trades can last 15 minutes to 1 hr until they reach my profit level if my ratio his only 10 pips a do not take the trade must be 15 to 20 pips then a do enter 5 lots at 0.25 when my trade reach my second level do take 0.20 profit then let run until reaching my last level.
  • #174
  • Nov 13, 2020 1:48am Nov 13, 2020 1:48am
I think there are some misunderstanding what stop loss is. There are several SL types.
1. Stop loss in the meaning of RR: let's say +300 TP and -100 SL. This is bullshit. There are no positive math expectation in such an approach. And only this type of SL is highly advertised everywhere.
2. Stop loss in profit. Must have.
3. Stop loss % of account. If you trade >1 instrument (basket trade) then you can limit your DD using global/per pair stop loss. Must have.
4. Emergency stop loss. To avoid big movements / wide spreads etc. Must have.
Observer effect
  • #175
  • Edited 9:26am Nov 13, 2020 8:56am | Edited 9:26am
Quoting ryuryu
I think there are some misunderstanding what stop loss is. There are several SL types. 1. Stop loss in the meaning of RR: let's say +300 TP and -100 SL. This is bullshit. There are no positive math expectation in such an approach. And only this type of SL is highly advertised everywhere. 2. Stop loss in profit. Must have. 3. Stop loss % of account. If you trade >1 instrument (basket trade) then you can limit your DD using global/per pair stop loss. Must have. 4. Emergency stop loss. To avoid big movements / wide spreads etc. Must have.
stop loss infinity
grist for the mill
  • #176
  • Nov 13, 2020 9:27am Nov 13, 2020 9:27am
Sorry don't know what it grey SL ))
But what I know for sure that if you have EA that place stops and that keep them in memory, then statistics totally different. Second option much better since they are hidden. If they are not - chance to hit it increase many times. And I'm not talking about hiding stops under the key levels or 200ma, just your usual stops. So this is 100% that they are chasing and hunting for stops. But the question is how? If it was flat for a long time it is easy to calculate where are the stops placed. But on trend?
Observer effect
  • #177
  • Nov 15, 2020 11:12am Nov 15, 2020 11:12am
Quoting ryuryu
I think there are some misunderstanding what stop loss is. There are several SL types. 1. Stop loss in the meaning of RR: let's say +300 TP and -100 SL. This is bullshit. There are no positive math expectation in such an approach. And only this type of SL is highly advertised everywhere. 2. Stop loss in profit. Must have. 3. Stop loss % of account. If you trade >1 instrument (basket trade) then you can limit your DD using global/per pair stop loss. Must have. 4. Emergency stop loss. To avoid big movements / wide spreads etc. Must have.
#3 is my stop loss technique since all of my trades are individual parts of one basket. I will jump in and out of the basket based on historical outperformance and underperformance.
Model 3 All Time Pips: -887
  • #178
  • Nov 16, 2020 6:10am Nov 16, 2020 6:10am
Quoting ryuryu
Sorry don't know what it grey SL )) But what I know for sure that if you have EA that place stops and that keep them in memory, then statistics totally different. Second option much better since they are hidden. If they are not - chance to hit it increase many times. And I'm not talking about hiding stops under the key levels or 200ma, just your usual stops. So this is 100% that they are chasing and hunting for stops. But the question is how? If it was flat for a long time it is easy to calculate where are the stops placed. But on trend? ...
well let us say the bank agrees to give you X, X is contingent on Y and Z, so X is your [stop] thanks to {leverage}

yet, X is grey in that i asked five guys and they all gave me 6 opinions.. Yet you tell me a computers knows? careful how much power you give to others, otherwise you might regret it, you can't regret the decisions of others unless you trust it implicitly and personally i've not seen a stop calculator that can cope with this grey style as you need to always maintain a bankroll for contingency, should i tell the computer that also?
grist for the mill
  • #179
  • Nov 16, 2020 6:45am Nov 16, 2020 6:45am
Hello Traders with no stop loss,
I trade with no stop loss. I developed my strategy with 28 pairs and 0.01 lots. My strategy is based on Supply-Demand. I developed an EA to find the entry 24/5. It took me 3 years. I follow my trades twice a day, 3 hours of analysis. My results are positive. At the end of this year I will publish my results 2020. If they are good, I will ask you to follow me and copy my trades.
Please, this is not a random business. Human behavior is not random. Supply_Demand gives us the best tool to choose the pair to work. There is no EA 100% efective, you have to think and help it.
Please, this is not a casino, just follow the big boys. That is all.
  • #180
  • Nov 17, 2020 3:52am Nov 17, 2020 3:52am
Quoting Cerugo
Hello Traders with no stop loss, I trade with no stop loss. I developed my strategy with 28 pairs and 0.01 lots. My strategy is based on Supply-Demand. I developed an EA to find the entry 24/5. It took me 3 years. I follow my trades twice a day, 3 hours of analysis. My results are positive. At the end of this year I will publish my results 2020. If they are good, I will ask you to follow me and copy my trades. Please, this is not a random business. Human behavior is not random. Supply_Demand gives us the best tool to choose the pair to work. There...

look forward to seeing your results
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