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Trading Without a StopLoss

  • #441
  • Nov 14, 2013 2:15pm Nov 14, 2013 2:15pm
Quoting John Gray
{quote} Run it for a year. I have. Admittingly I was greedy one night and used bigger leverage with very tight SL 5-10 pips. to try. A couple worked, but ended up losing out there. If you plan to use no SL, remember market can and will move 3000 pips against you. a lifetime ago people used 100 on EURJPY as support, I remember when it broke into 99.9 I was so worried. today is trades in the high 130's. something to consider
hi my friend
please refer to my strategy, attached link, i have safety from max top 1000pips and same from minimum bottom, i never ever lose...

http://www.forexfactory.com/showthre...427935&page=61
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #442
  • Nov 14, 2013 2:17pm Nov 14, 2013 2:17pm
check the first page and pages 58 till end
http://www.forexfactory.com/showthread.php?t=427935&page=1
http://www.forexfactory.com/showthread.php?t=427935&page=58

GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #443
  • Nov 14, 2013 2:21pm Nov 14, 2013 2:21pm
enjoy
Attached Image
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #444
  • Nov 14, 2013 2:24pm Nov 14, 2013 2:24pm
Hello, although I've only been a year learning forex and I took time testing a strategy without SL ... Now I'm testing on demo. I have done 3 tests. One of somewhat more than 1 month, another about 2 weeks and this last that I less than a month.

The idea is not to close bad trades and try to recover in 2 ways. Waiting for the price or closing them again when after a while or losses are relatively low compared to the size of lot that I use at the time.

And so far not bad thing ... I left the account up to 90% loss and from there try to recover. Now I only lost 63% and I have positive equity.

PS: I'm not saying it works or the best way to play. But it could be a good way to protect your account if at some point it gets all very much against. I accept tips.
Try don't lose pants never...
  • #445
  • Nov 14, 2013 2:24pm Nov 14, 2013 2:24pm
Anyone seen dare123 around here, seems (s)he went very quiet.....

Quoting BeginnerJoe
{quote} What Paul Tudor Jones said is perfectly fine. Although the less experienced may not be able to pick up the full meaning of what he said. He stated: "If you have a losing position that is making you uncomfortable ..." This means that are are losing positions that you should be comfortable with. Otherwise there would never be a need for this conditionality....
Ok, at the risk of re-lighting a fire here is a consideration for you, and note that I read about 60 or 80 posts before cutting to the end here.
Occasionally I use stops, mostly I don't because either a) I hardly ever place them correctly; or more likely b) I make an inefficient trade entry.
Also I have had too many SLs placed at the perfect reversal point.

To overcome the problem of managing my feelings of failure, paranoia, inadequacy, I cut my leverage right back and traded SL free all this year.
I cut back my $15k account to $1k and traded small positions.
My leverage was mostly 1:1 and as things go I watched some pretty ugly trades eventually come good.
So far I am ahead 50% for the year. Was this good, well I think not.

My worst trade ran about 2.5 months, drew down nearly 500 pips and eventually came back to my TP for 75 pips.
___ < pause for applause >

Now let us look at why it went down 500 pips. I got in too soon. Yes it was a considered entry at a resistance level that gave way.
So I waited to see what happened at the next nearest resistance level, well you know what happened.

What did it really cost me? Probably about 400 pips in the opposite direction which I could not take advantage of without swallowing the loss on the current position. Also I did not add to it near the bottom of the drawdown because I had lost the ability to think properly about the trade by that point; so I lost out on 400 pips of retrace also, although I was back in when the drawdown reduced to around 100 pips.

What did I gain from this? Well eventually PTJ would have been proud of me. I was comfortable with all my losing positions (except one which I cut) and gained the art of objectively looking at a chart to see where I had screwed up and to see if there was any evidence that my trade would not come back to me. Probably I have evolved a reasonably profitable but ghastly looking technique which makes small slow and steady profits.

I can also see all the inefficiencies in this approach.

I cannot honestly recommend what I have done, so here is my plan going forwards.
Make sure I get in going in the correct direction, I have been doing a lot of watching lately.
When I have improved my hit-rate on that aspect move up my trade size and start using SLs.

Samer1970, each to his own, you rogue!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #446
  • Nov 14, 2013 2:25pm Nov 14, 2013 2:25pm
Quoting Samer1970
nice ... nice... i go for few days and you are fighting each others... here is a snapshot for my trades for today, closed since few hours, and these trades are open ( some of them ) since two hours to three weeks back , and WITHOUT A STOP LOSS AT ALL, AND NON LOST AND I GAIN EVEN MORE MONEY BY THE SWAP.. ENJOY NO STOP LOSS is better for you if you know when and how to trade the correct strategy...... SSII ( simple strategy ii / samer00000 ) think {image}
The three Aussies I closed for loss 3,4 days ago? That was a mistake. Price action came back. My last post was a rumination on this. Let's see how long before I do it next time>>>
To Beginner Joe:
You gain a swap when the buy side of a pair is higher interest than the low side of a pair. Swap occurs at your broker when they close and reopen, Here in New York it's %PM est.
e.g If you Buy the AUS/USD you get money if you keep the trade open from before 5 o"clock to after. If you keep a trade open several days, each day you get more money added to it. (But if you sell the AUS/USD, you have to pay that money, which is one reason why I never ever Sell this pair). The trend may change on you, but the swap never changes without plenty of warning). You do as you wish, but I NEVER go against the swap.

Talk to your broker: if they won't show you how to do this, get rid of them!
  • #447
  • Nov 14, 2013 2:32pm Nov 14, 2013 2:32pm
Quoting Samer1970
enjoy {image}
You forgot to hide the equity.

I really enjoy seeing that downward equity trend, as well as "All Time -11.9%" return and "-9,007" pips.

Continue your good work proving that any idiot can hold onto losers forever until they run out of margin and finally have to start closing losses. You are just the idiot to do it.

Oh, what's that? You think you can wait for them all to "turn good". Ok, good luck with that "strategy". "Banking pips" indeed.
Congratulations ScalaFX for coming out of the closet!
  • #448
  • Nov 14, 2013 2:33pm Nov 14, 2013 2:33pm
Quoting Exodus
Anyone seen dare123 around here, seems (s)he went very quiet..... {quote} Ok, at the risk of re-lighting a fire here is a consideration for you, and note that I read about 60 or 80 posts before cutting to the end here. Occasionally I use stops, mostly I don't because either a) I hardly ever place them correctly; or more likely b) I make an inefficient trade entry. Also I have had too many SLs placed at the perfect reversal point. To overcome the problem of managing my feelings of failure, paranoia, inadequacy, I cut my leverage right back and traded...


WHY ??? WHAT DID I DO WRONG FOR YOU ?
TO CALL ME rogue!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #449
  • Nov 14, 2013 2:43pm Nov 14, 2013 2:43pm
Quoting nubcake
{quote} You forgot to hide the equity. I really enjoy seeing that downward equity trend, as well as "All Time -11.9%" return and "-9,007" pips. Continue your good work proving that any idiot can hold onto losers forever until they run out of margin and finally have to start closing losses. You are just the idiot to do it. Oh, what's that? You think you can wait for them all to "turn good". Ok, good luck with that "strategy". "Banking pips" indeed.
i am really sorry to see ignorant like you, did you read first my strategy, when to enter before making your bad words...

i know losers like you will try to hunt issues here and there because they are thinking forex is a fast generating machine and still searching like monkeys from one post to another hoping to find a banana to close their hunger, but people like you are the losers and i do not wait your silly opinion to judge if i will lose or not.

i have opened more than 1200 trades and closing one by one with profit , you like it or not... and i advise you to stop dreaming of finding the super indi or the super strategy.

even my strategy has a defect of carrying heavy floating loss, but in 32 days i did not lose...

i waste my time here to teach ignorants like you .

my site in FF is open for everybody to monitor , if you dare , and you have the courage try what i am doing , then as a result , you will understand that you are a stupid trader who wasted his last few years chasing a dream while SSII is a simple method found in all forex locations but it needs a brain to gather the ideas to make money...


silly ....
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #450
  • Nov 14, 2013 2:47pm Nov 14, 2013 2:47pm
Quoting Rap Skallion
{quote} The three Aussies I closed for loss 3,4 days ago? That was a mistake. Price action came back. My last post was a rumination on this. Let's see how long before I do it next time>>> To Beginner Joe: You gain a swap when the buy side of a pair is higher interest than the low side of a pair. Swap occurs at your broker when they close and reopen, Here in New York it's %PM est. e.g If you Buy the AUS/USD you get money if you keep the trade open from before 5 o"clock to after. If you keep a trade open several days, each day you get more money...
hi boss

this is one of ssii rules...

DO NOT GO EVER-NEVER AGAINST THE SWAP.. WHEN IT IS BIG VALUE.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #451
  • Nov 14, 2013 2:48pm Nov 14, 2013 2:48pm
Quoting Samer1970
{quote} i am really sorry to see ignorant like you, did you read first my strategy, when to enter before making your bad words
Well, shit, when you put it like that then surely I must be wrong AND stupid.

Quote
silly ....

Indeed.
Congratulations ScalaFX for coming out of the closet!
  • #452
  • Nov 14, 2013 2:52pm Nov 14, 2013 2:52pm
Quoting Exodus
Anyone seen dare123 around here, seems (s)he went very quiet..... {quote} Ok, at the risk of re-lighting a fire here is a consideration for you, and note that I read about 60 or 80 posts before cutting to the end here. Occasionally I use stops, mostly I don't because either a) I hardly ever place them correctly; or more likely b) I make an inefficient trade entry. Also I have had too many SLs placed at the perfect reversal point. To overcome the problem of managing my feelings of failure, paranoia, inadequacy, I cut my leverage right back and traded...

I HAVE ENJOYED YOUR WRITINGS FROM THE FIRST LETTER TO THE LAST ONE..

BUT I CAN NOT UNDERSTAND WHY YOU HAVE SAID THAT I AM A ROGUE, DID I SAY BAD THINGS ABOUT YOU BEFORE, YOU ARE REALLY SOMETHING... YOU MADE ME TO LAUGH WITH FULL MOUTH, IF I AM ROGUE,,, THEN YOU ARE WHAT......... HA HA HA HA HA,
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #453
  • Nov 14, 2013 2:53pm Nov 14, 2013 2:53pm
Quoting nubcake
{quote} Well, shit, when you put it like that then surely I must be wrong AND stupid. {quote} Indeed.
STOP LOSS IS A MARK, AND I HATE MARKS.
I WILL STOP ON THIS POINT AS YOU HAVE REACHED TO THE RED LINE. I MEAN THE STOP LOSS PAL.
I WILL BLOCK YOU FROM MY LIST.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #454
  • Nov 14, 2013 2:58pm Nov 14, 2013 2:58pm
Quoting Samer1970
{quote} STOP LOSS IS A MARK, AND I HATE MARKS. I WILL STOP ON THIS POINT AS YOU HAVE REACHED TO THE RED LINE. I MEAN THE STOP LOSS PAL. I WILL BLOCK YOU FROM MY LIST.
Yes, you are a wise, calm, composed, efficient, pip-banking trader. Everyone who listens to you will be assured great fortunes... until the margin call.

Whoever listens to you gets what's coming to them, and it is so very delicious.

You are exactly what I'd expect from someone who doesn't use stops.
Congratulations ScalaFX for coming out of the closet!
  • #455
  • Nov 14, 2013 3:04pm Nov 14, 2013 3:04pm
Quoting Samer1970
enjoy {image}
Hi Samer,

Appreciate you posting an account screenshot. Your account looks really good. An impressive 45º ascending line! Good job

I really would like to see a myfxbook screenshot though, cause FF trade explorer lacks the stats I'd be interested in looking at. Would it be possible? Thanks.

Cheers
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #456
  • Nov 14, 2013 3:13pm Nov 14, 2013 3:13pm
thank you for your nice words again, but i do not really have a face book nor similar social networks pages as i do not have time to do so.

but, i will show here two things

  1. mt4 -closed trades within the last few hours, all opened as per ssii rules and closed as per ssii rules.
  2. mt4 statement at which it will show data that you need for all 32 days history.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------


1- my closed trades within the last few hours beginning from now

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 161 KB


2-mt4 statement for all 32 days history
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 36 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #457
  • Nov 14, 2013 3:15pm Nov 14, 2013 3:15pm
Quoting vox dei
{quote} hi samer, appreciate you posting an account screenshot. Your account looks really good. An impressive 45º ascending line! Good job I really would like to see a myfxbook screenshot though, cause ff trade explorer lacks the stats i'd be interested in looking at. Would it be possible? Thanks. Cheers
if you have any question, please , you are so welcomed...

again friends, as i am always saying... I am not trying here to sell anything.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #458
  • Nov 14, 2013 3:17pm Nov 14, 2013 3:17pm
Quoting nubcake
{quote} You forgot to hide the equity. I really enjoy seeing that downward equity trend, as well as "All Time -11.9%" return and "-9,007" pips. Continue your good work proving that any idiot can hold onto losers forever until they run out of margin and finally have to start closing losses. You are just the idiot to do it. Oh, what's that? You think you can wait for them all to "turn good". Ok, good luck with that "strategy". "Banking pips" indeed.

Oh my... Oh my...

Just noticed nubcake's post and went to check what it was all about.

Samer, would you be so kind to explain us the difference between the two FF trade explorer screenshots of your account? Thanks.

For easy reference, screenshot 1 can be found here:
Quoting Samer1970
enjoy {image}
Attached Image (click to enlarge)
Click to Enlarge Name: samer.jpg Size: 158 KB
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #459
  • Nov 14, 2013 3:23pm Nov 14, 2013 3:23pm
as you can see from ssi mt4 results above, i am not a scalper, it is not for few minutes, some trades are going for weeks and some others are for months, while the swap is protecting day after day the same trade, at which some times it is reaching more than 80% of the loss value itself.
so i am remaining with minor floating losses.
yes my equity is risky and i have said in first page of my strategy here in forex factory, that ssii is a very risky strategy, and you will not gain money to your bank within few months, but once you have passed the breakeven line, then it is a rally ...

i do not know, is this really difficult to be understood from financial engineers like our friend above, or clever traders...

i have just grab several ideas from forex traders and implement them in the correct way and gathered these ideas in one bag to give ssii and here it is , good nice smoothed income on daily basis..

my question .... Why there are some traders are ready to test so many losing strategies and they are happy to waste their time, but they are not ready or dare to test a simple strategy will not cost them even if they lose a 0.01 lot x 100 pips = 10 usd while they are ready to lose with ema cross with stoch or with macd 500 usd...??

i wonder why ???
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #460
  • Nov 14, 2013 3:27pm Nov 14, 2013 3:27pm
Quoting vox dei
{quote} Oh my... Oh my... Just noticed nubcake's post and went to check what it was all about. Samer, would you be so kind to explain us the difference between the two FF trade explorer screenshots of your account? Thanks. For easy reference, screenshot 1 can be found here: {quote} {image}
Pay me no attention. I am an unintelligent, short-sighted, buffoon. I mean, seriously, why would you pay me any attention when you could be focusing on such grand and generous wisdom like this:

Quoting Samer1970
as you can see from ssi mt4 results above, i am not a scalper, it is not for few minutes, some trades are going for weeks and some others are for months, while the swap is protecting day after day the same trade, at which some times it is reaching more than 80% of the loss value itself. so i am remaining with minor floating losses. yes my equity is risky and i have said in first page of my strategy here in forex factory, that ssii is a very risky strategy, and you will not gain money to your bank within few months, but once you have passed the breakeven...
Congratulations ScalaFX for coming out of the closet!
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