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No Stop Loss Trading

  • #81
  • Feb 4, 2022 7:12am Feb 4, 2022 7:12am
I really think SL is very important, if you also do intraday
  • #82
  • Feb 4, 2022 9:42am Feb 4, 2022 9:42am
Quoting katienotcat
I really think SL is very important, if you also do intraday
you can use a sl, but still not giving up on the direction? think about that...
Maadik Hugiis. IQ 69.
  • #83
  • Feb 4, 2022 12:55pm Feb 4, 2022 12:55pm
one can still trade without using hard stop loss, provided:
1. direction bias is right.
2. small lot size.
3. exit all when a certain percentage of equity loss is reached.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #84
  • Feb 9, 2022 1:57am Feb 9, 2022 1:57am
Quoting ~bull.bear~
I just want to say trading without stop loss is a big NO. Just one day will blow your account if you are lucky.
I’d have always thought so. But the OP was on to something - a trial of this and watching other peoples longer trials shows me it works.
These are tiny positions. The method is based on the fact FX doesnt move in a straight line - it always comes back. So choose your entry point wisely.
The other big NO was doubling down. On this I have multiple double downs. If the trade goes against me I add another (tiny) position. Keep doing this. When the reversal happens blam !
Do this across multiple pairs constantly add, always set a take profit target but not a stop loss. You will soon be carrying tens, inot over 100 positions.
Give it a try on demo. Use smallest positions available and be patient. (I'm talking 0.01 on a 10K account) Profits will automatically be taken even while you sleep. Some positions are open for weeks others days. Just let em ride. All you need do is add and add again.
And yes I know this goes against everything we may learn about trading but who cares ? If it works thats all that matters.

And even dont worry abotu P&L on open / active positions just watch your closed profits compund. Increase size when you can comfortably do so.
If you can wait and not be tired by waiting...
  • #85
  • Feb 16, 2022 3:33am Feb 16, 2022 3:33am
Quoting barloc
I saw some other "No sl" thread but i will write on my own. There will only be one post from me and no follow ups, this just some information for whoever wants some inspiration on No SL. No stop loss easy strategy: Step 1 = Find a method that picks extreme price movements (extreme overbought/oversold,pivots,fibos, adr, bands etc), time-frame you figure it out. Step 2= Once price is at its extreme point start adding orders and wait for the retracement or reversal (NEVER OVER-LEVERAGE your entries must survive a big miscalculation on your part and...
Wow. Yes well said. I actually agree with you. This could be done with multiple small accounts and a very big account just utilise small deposits in each trading account. With 100k and say 1000 in 100 accounts this could double in a few weeks. Dont forget everybody always has a stop loss....its called a margin call.
Factor that in and the above could work.
  • #86
  • Feb 18, 2022 5:12am Feb 18, 2022 5:12am
very very interesting thread, no sl can be scary if u dont know what u are doing, i may not be doing that a lot, but there are certain instances that it can be profitable ina sense risky but very profitable.
  • #87
  • Feb 27, 2022 12:26pm Feb 27, 2022 12:26pm
The system held up well through the stress test of Russia invading Ukraine last week.
If you can wait and not be tired by waiting...
  • #88
  • Feb 27, 2022 9:13pm Feb 27, 2022 9:13pm
Quoting Modris
{quote} And how it is going to save money?
I do not see how trading without a Stop Loss will save money, it will increase the change of your account being liquidated.
  • #89
  • Mar 1, 2022 11:14pm Mar 1, 2022 11:14pm
Quoting barloc
I saw some other "No sl" thread but i will write on my own. There will only be one post from me and no follow ups, this just some information for whoever wants some inspiration on No SL. No stop loss easy strategy: Step 1 = Find a method that picks extreme price movements (extreme overbought/oversold,pivots,fibos, adr, bands etc), time-frame you figure it out. Step 2= Once price is at its extreme point start adding orders and wait for the retracement or reversal (NEVER OVER-LEVERAGE your entries must survive a big miscalculation on your part and...
I do use Stop Loss and I recommend that trading without using Stop Loss may not take us anywhere. Even if we hold a trade to go towards our direction, it would make us wait. By that time, we will not be able to trade since we have losing trades running. You may have your point, but at the end of the day, it is all about trade management, risk-reward ratio and winning percentage. If we can not get all of them right, we may not be able to generate a consistent income by trading in the market.
  • #90
  • Mar 6, 2022 1:51pm Mar 6, 2022 1:51pm
Quoting barloc
I see some polite people, but mostly functional illiterates that cant read beyond no sl. I said 1 post but will expand a little in this final post for the polite people. There is a very simple fact of trading 1 -- The market moves in waves it does not infinitely move in one direction forever and ever. Simple fact of trading 2 --- Price will always revert to the mean but the mean will move and adapt with price. (drop a random MA and see that no matter how far price moves from the MA it will always return to touch it) Therefore Step 1 starts with...
If you can wait and not be tired by waiting...
  • #91
  • Jun 28, 2022 11:34am Jun 28, 2022 11:34am
No stop loss trading is a way to nowhere, at least in case you are a newcomer in trading. In my opinion, stop loss quite helpful not only for novices but for professional traders as well, because they are tend to exagerrate their abilities and skills in trading and hence it may lead to unpleasant and disappointing consequences.
If you are going to trade without stop loss, then your risk management rules and ratio have to b quite conservative, where you are going to receive less profits, than you might receive with using stop loss. For example, classical 1:3 ratio isn't suitable here. 0.5:1 is the average ratio for such a strategy to my mind.
  • #92
  • Jun 28, 2022 11:21pm Jun 28, 2022 11:21pm
Quoting blackjacker
I stopped using SLs long time ago, somewhere 2011 when it was a crime just to say you are not following 1:3 sl tp ratio. Anyway, putting a tiny portion of your account is the holy grail. Thus way you can change the direction in a second and turn a loser into a winner, it is theoretically possible to close only winners.

Well, may I know your risk ratios on per trade? I think you are following the money management rule so tightly, that’s why you are able to avoid SL in your trading!
  • #93
  • Last Post: Jun 29, 2022 1:37am Jun 29, 2022 1:37am
Stop loss may be NO NEED for some always range/subway pair such as EURGBP, GBPUSD, GBPNZD

But surely, NOT for USDJPY, if you try sell and NO stop loss, all you money must be gone.

You need to study well what happen on the instrument below use the NON-stop loss EA.
Therefore, you need to find out the right instrument and always go range.

GBPNZD is a highest spread pair, why?
If you see the Month chart, it is stable from 2014 to now.
just always range playing.

For H1, SELL LIMIT 1.951 and TAKE PROFIT 1.948 and BUY LIMIT 1.948 and TAKE PROFIT 1.951
You can let the EA play for you.

You may need to adjust the above setting from weekly, but generally easy play.
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