Trading Without a StopLoss

Thanks for explaining. I still trade with sl, as i am scared of MC. With your description, i was able to place SL correctly. Agree fx is not exact, and daily chart idea, is good.

what he´s doi

This is NOT his strategy, you need to understand his hedging strategy first, before giving such an elaborate answer...

I think if we can not use stop loss in our trading it may guide us more loss so we should it is better to use the stop loss because using it mean our trade is safe now.

I cant believe stupid threads like this runs for 9 pages, truly many losers here.

The idea is so intriguing one keeps looking here to see if/how it can be done?

so what makes you look and Count the pages?

wonder if hedging through a subaccount, would prevent some of
of the stop hunting...if you put an order to reverse, exactly at your stop Level, your stop might get hit but not the reverse....
Brokeres have all kinds of funny Little games....

Of course going Long and short, with the stop distance (that never was set), is pretty much the same...but new possibilities open up....
A totally different game....
I already tried it with some success...only on higher time Frames....for now....

Trading without a stop loss may well work for a few, but it spells disaster for the majority who overleverages.

For most traders trading w/out sl = trading with margin call.

In case of a margin call make sure you sue like this smart guy: http://www.forexfactory.com/news.php?do=news&id=448948

This is simply another example of a rookie trader blaming somebody else for his poor trading. Just that the figures have more noughts on the end than most traders....

Like everyone, it's his responsibility to research his own trades. And take the consequences if they go against him. He averaged down SIX times, for goodness sake! So he had plenty of opportunities to get out of the original bad position. I can't think for one moment he has any chance of winning his law suit.

He doesn't want to win. This is his second time suing a brokerage firm. He wants them to settle out of court like the last time he sued. It's the brokerage firms lack of due diligence and "Knowing your client." All they could see was the commissions.

SL is for the broker
TP is for you.

I only scalp without a sl but if i see a change in market bias I'm out and will take the loss.

a stop-loss doesn't really stop loss.. should be called a take-loss.

take-profit, tp, should be called stop-profit.


wondering if OP has come to a conclusion yet?

why not just have 2 accounts and try both. come up with a strategy to trade with a sl, and a strat for no sl. is it that hard?

or put it to a vote.

not really gonna change any minds by debating this, either someone tries it and switches, or they don't.

as if there's only one way to trade...

Motive should always be increase your equity. Either you use SL or Not.

When we are trading in the foreign exchange market is very important to use the command "Stop Loss" to limit potential losses from trading in the forex market. It is recommended that operators have always placed stop loss orders specifically linked to existing positions.

I still maintain my earlier statement Trading without a SL is an anti-trading behavior!

Trading without a stop loss depends entirely upon trading style, time frame, and leverage. Basing SLs on low time frame price action seems rather silly, but on 2H and up, quite logical, since much of the garbage is automatically weeded and averaged out. But again, depends on the style and goals.

Call it half full or half empty, it is still going to be the same amount of water.

When properly placed stop is hit one would expect more losses to come, so it is up to trader to decide whether to sit through more of red ink, or close losing positions and may be profit in other direction.

Hello all

I have blown my tiny A/c twice just for not placing SL and went to sleep. The market moved 1000 pips overnight for both of my trades!
So pls put some SL may be wide enough but you should.

Happy trading to all.

There are times trading with no stop is worthwhile or just simply faster.

In the first instance, if you are entering a trade with the goal of more than 500 but let's say 1000 pips meaning a move from 1.0000 to 1.1000
you should be ready and willing to take a loss (depending on how good the setup is) of at least 300 pips.
All pairs have daily averages even a pair with high volatility like cable will usually move a MAXIMUM of 200 pips (and that's on the high side)
more like 150+ on a great, news / event driven day and usually pairs do not move 100+ pips in one direction without correcting 5 days straight.
otherwise the chart would just be a straight line up or down.

SO within a few days you will have a pretty good idea of whether of not the trade will be successful and you will avoid getting a run on a stop that may be
too tight or "cheap" for the trade.

In the second, if you are scalping high frequency - say tick trading or m1 in and out, unless you have it preset and automatically entered when the trade is placed,
entering a stop and a tp is just time consuming and annoying.

For most / basically all other trades, it is useful to have a predetermined stop and take profit.
A. You will protect your funds.
B. It forces you to actually plan the trade and thus, increases your chances of success 10 fold.
C. If executed properly your stop should usually not get hit in the infancy of the trade even with stop hunting. This means not placing it in the middle of the range the price may break out of and retest before moving along (short or long)
D. Use proper risk reward and leverage appropriate for your account.
E. If you think the stop is going to get hit, or need to increase it SO MUCH SO that it does not fit the RR or what you can risk than the trade should not be
taken until the market offers a better price. Sometimes you might get lucky, but more often than not it is better to pass up a risky trade rather than lose,
on the chance you might get lucky, there is ALWAYS another opportunity, pair, or commodity to look at.

All trades should have a hard stop. Only amateurs trade without stops and the pro's that did, you end up hearing disaster stories sooner or later. It will cause the emotional side to be too involved when your under stress of a loss on a mental stop.

I suppose it's alright if you set out saying here's 5 grand and I'm going for the glory or broke and are staring at the screen the whole time knowing it's fine to lose the cash, but I still think it's stupid. Anything can happen in these markets.