Trading without stop-losses | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 Trading without GAP and without Excel 669 replies

Do you believe tight stop-losses cause losses in the long run? 76 replies

Do you believe fixed stop-losses cause losses in the long run? 16 replies

How to place large Stop Losses without risking more than few Pips 3 replies

Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies

Attachments: Trading without stop-losses
Exit Attachments

Trading without stop-losses

  • #161
  • Jun 2, 2014 12:58am Jun 2, 2014 12:58am
I don't like sl, and when it works out) It's better when you closed a position with tp))
But at the same time I can't imagine the successful trading without limit orders...
  • #162
  • Jun 2, 2014 3:13am Jun 2, 2014 3:13am
Trading without stoplosses is possible. It best occurs to the people who have huge capital and whatever they are risking is moderate. It is also possible when you are scalping for couple of minutes trades that you have entered and think that they are sure in ranging markets.

I personally trade without them in such conditons and it does work best for me. In other conditions I usually use them.
  • #163
  • Jun 2, 2014 7:21am Jun 2, 2014 7:21am
Without a SL/TP ratio how are you going to calculate risk:reward? Chances are you are just moving the problem from using a SL to using the margin call. If you do that, at least check what your broker margin call is. Avatrade closed my account with a debt due to an error in their price feed.

SL could also be done by time factor too.

If you're getting stopped out all the time you have a problem that needs to be addressed. Trading without SL is just moving the furniture around a bit. This is exactly the problem I have. What i'm doing about it instead is reducing the amount of trades by going for 1:6 risk:reward or better, which is a very rare thing. i'm also trying moving the entry to where the SL was and also changing my attitude to one of cynicism.

How many trades does one need to skip to find a good one? 100? 1000?
  • #164
  • Jun 2, 2014 8:34am Jun 2, 2014 8:34am
Quoting jago25_98
How many trades does one need to skip to find a good one? 100? 1000?
That's one of the problems, you just don't know until you have traded it, it's always a game of probabilities, and increasing the probability of being in a good trade.
  • #165
  • Jun 2, 2014 8:45am Jun 2, 2014 8:45am
Quoting fredkam
Trading without stoplosses is possible. It best occurs to the people who have huge capital and whatever they are risking is moderate. It is also possible when you are scalping for couple of minutes trades that you have entered and think that they are sure in ranging markets. I personally trade without them in such conditons and it does work best for me. In other conditions I usually use them.

Totally agree with your statement. But we need to manage the risk properly.
  • #166
  • Jun 2, 2014 10:06am Jun 2, 2014 10:06am
That is true, we should manage our risk properly. I had also forgot to say that we should also be quite conscious on the risk reward ratios as well as break even as soon as the trades go to profits then trail the markets in profits. That will help us gain huge profits out of a trade. One might even book more than the anticipated targets of TP :-)
  • #167
  • Jun 3, 2014 9:40am Jun 3, 2014 9:40am
Stop loss is the automatic order to cut your losses fast when your psychological pressure doesn't allow your finger to press the close button.Sometimes, traders claim that if I didn't use stop loss the market would turn in my direction and get profits. This is a very big myth.Stop loss order is a NECESSITY. It implies direct Money and Risk Management itself.Wherever you look on the net you find Money management techniques with proposal of Reward to risk 1:3 and this is the definition of loss itself, too.It's preferable to use 3:1 Risk to Reward because you are using the Forex volatility in your favor and with an unbiased analysis (= not biased from brokers' interest I mean) you have much much higher possibilities for consistent profits!So, the solution is ONE and onlyUse Unbiased analysis and not the analysis provided from Brokers' because even if they advertise to be STP they are not (= All brokers are market makers even if you like it or not) and additionally use the volatility parameter in your favor i.e. 3:1 Risk to Reward - Use both parameters in your favorRule the market and don't leave brokers' to play with you Have a nice day!
  • #168
  • Edited 6:53pm Jun 3, 2014 6:35pm | Edited 6:53pm
THATS why thay call it hedge fund NOT stop loss fund

the prof on you tube correct but put way too much afford to explain and the follower loss in action
  • #169
  • Jun 4, 2014 12:53am Jun 4, 2014 12:53am
Just because hedge funds don't use Stop Losses and hedge their trades instead, doesn't necessarily mean that the same tactics are applicable in retail trading. Remember that they employ guys with pHDs in physics and they can legally hedge their positions. Just use a stoploss and deal with it
  • #170
  • Jul 13, 2014 6:57pm Jul 13, 2014 6:57pm
What if you use a stoploss of 50% of your balance, and put multiple trades on with no SL, then theoretically its properly diversified and if one trade is in big minus the others in some way will balance it.Look only for ranging periods in highly ranging pairs.

Then cut the losing trades if it goes into a trend in the other direction, if its in range then hold until reverse.If its a winner then dont close it until the trend finishes.

The risk is only 1, if a big spike happens which is equal to 50% of your equity, so because of this use small lot size.

Is this practically reasonable?
"There's a sucker born every minute" - P.T. Barnum
  • #171
  • Jul 14, 2014 12:45am Jul 14, 2014 12:45am
Your risk appetite means everything. The risk/reward your time horizon, etc. FOREX as we all know is not a company, but simply a paper of IOUs. It doesn't go bankrupt and its a function of life. If you feel that the FED is aggressive and it is handing a great carry trade than put it and leave it until stance changes. However, if you are a scalping to make little bps here and there, than you need to keep the stop losses short so you can fight for a better entry.
  • #172
  • Jul 14, 2014 4:17pm Jul 14, 2014 4:17pm
I've found brokers don't like very big SL. FXCM, GlobalPrime, AvaTrade. You try to place the trade and get a error message that the SL is too far from current price

Quoting Proximus
What if you use a stoploss of 50% of your balance, and put multiple trades on with no SL, then theoretically its properly diversified and if one trade is in big minus the others in some way will balance it.Look only for ranging periods in highly ranging pairs. Then cut the losing trades if it goes into a trend in the other direction, if its in range then hold until reverse.If its a winner then dont close it until the trend finishes. The risk is only 1, if a big spike happens which is equal to 50% of your equity, so because of this use small lot...
  • #173
  • Jul 14, 2014 6:52pm Jul 14, 2014 6:52pm
Quoting jago25_98
I've found brokers don't like very big SL. FXCM, GlobalPrime, AvaTrade. You try to place the trade and get a error message that the SL is too far from current price {quote}
How big exactly because there is a limit in MT4 too, i think 10000 pips, but maybe i`m wrong..
"There's a sucker born every minute" - P.T. Barnum
  • #174
  • Jul 31, 2014 12:41am Jul 31, 2014 12:41am
What do people think about trailing stop losses? I have heard mixed messages about them, any opinions on them?
Learning is all about about asking the right questions!
  • #175
  • Jul 31, 2014 2:56am Jul 31, 2014 2:56am
the important thing is we know when our analysis is wrong. then get out of the market when we know that the entry is in the wrong direction.
this are the thing i can't do without faith
  • #176
  • Jul 31, 2014 6:58am Jul 31, 2014 6:58am
This thread its just stupid ,of course SL is good.

Trading without STOPLOSS means that you dont have a fking clue where the market will head towards, because if you do then you would have no problem with putting a SL.

So a LACK OF STOPLOSS is a LACK OF KNOWLEDGE OF THE MARKETS, which in either way will either lose you money or wipe your account clean after a while.

Also not to tell that if a huge spike happens, against you and you are not in front of the PC, you can lose alot of money, whereas if you have a SL you would got stopped out at a smaller loss.Just think about it...

Why not get knowledge first, and then you would have no problem with putting SL ?
"There's a sucker born every minute" - P.T. Barnum
  • #177
  • Aug 5, 2014 8:39am Aug 5, 2014 8:39am
no stop loss???
one mistake will destroy your account.
be patient and don't be greedy
  • #178
  • Jan 15, 2015 4:36am Jan 15, 2015 4:36am
Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol
  • #179
  • Jan 16, 2015 10:24am Jan 16, 2015 10:24am
Yes, I have been learning about the stop-loss systems and strategies. It seems to be a safe way to move about the market, while still leveraging risk.
  • #180
  • Jan 21, 2015 11:33am Jan 21, 2015 11:33am
I'd have to be watching like a hawk if i was to without a stop loss, or confidant that if it goes low, I can wait for it to go high again.
0 traders viewing now