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Trading without stop-losses

  • #181
  • Edited 12:43pm Jan 21, 2015 11:49am | Edited 12:43pm
There are some interesting non-stop loss strategies out there, many of them use leverage of around 3:1 or less, so you need to be fairly well capitalised. You can trade 1:1 quite safely without a stoploss.
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #182
  • Jan 21, 2015 2:59pm Jan 21, 2015 2:59pm
I always, always ALWAYS use a SL. Look what happened to CHF last week- imagine not have a stop on an open trade and wake up to find it moved 4,000 pips against you. Its better to use a stop and risk being stopped out of a good trade than to jump with out the proverbial parachute.

Remember, the market will always present more opportunities to enter trades. Don't risk everything when you don't have to.
  • #183
  • Feb 4, 2015 3:59pm Feb 4, 2015 3:59pm
Trading without a stoploss = Poor management of risk.
Trade smart, not hard
  • #184
  • Aug 11, 2015 5:42am Aug 11, 2015 5:42am
I agree with Ed Seykota, "There are old traders, there are bold traders. There are very few old, bold traders".

It depends on your appetite for risk. I know traders who trade without a SL and have an extremely high hit-rate but I could never do it. The day the Swiss franc uncoupled from the euro saw a move of about 1900 pips in one day (with a spike of about 600 pips in a few minutes, I think)... So, anything can happen.

However, that being said, I have a separate account with a much smaller amount of money in it for higher-risk trading strategies, e.g. compounding 50% of my profit into the next trade.
  • #185
  • Aug 11, 2015 4:31pm Aug 11, 2015 4:31pm
I am still amazed all these pro traders(Wannabes) in here always talking about stop-loss.
Stop-Loss is a term used for dummies. They (pros) brainwash you ( you=dummy) from the beginning (when you start the ABC of trading) in order to use stop-loss while they dont even use stop-loss( They I meant big guys, pros, hedge funds, money makers and ...). Do you think John Paulson, Warren Buffet and their big time friends use stop-loss?? give me a F..... break.
From the start they teach you the concept of stop-loss in order to lose money. Wake up people dont ask this stupid question anymore.

Setting a stop-loss is like playing poker and showing your hand to all the players around you. Therefore they can F... you anytime they want to in a matter of seconds.

Once again it fascinates me how naive people are and thats why 96% of you thats right 96% of you lose money. go and figure out.
  • #186
  • Aug 12, 2015 7:52am Aug 12, 2015 7:52am
Here are several variants:
1. short-term scalping - in this case it is impossible to put stop loss order for technical reasons. Because profit from one deal, in most cases, is around 3-5 points, and restrictions of brokers on the minimum size of this order are in the area of 5 to 15 points.
2. Hedging - in fact it is an alternative to the stop orders, pending order is placed along with the first order with the same size and in the same currency pair. Hedging significantly expands the room for maneuver, because triggering of pending order didn't lead to the closure of the first position.
3. Automated trading - trading is conducted here not entirely without issuing a stop loss, just this job makes a robot for you, that performs an automatic trade.
4. Control - this is the most risky scenario, you haven't leave the trading terminal without monitoring, but in this case no one will give you a guarantee that the sharp price swings will allow you to close the deal manually.
  • #187
  • Aug 22, 2015 3:43am Aug 22, 2015 3:43am
Quoting Salmas
I am still amazed all these pro traders(Wannabes) in here always talking about stop-loss. Stop-Loss is a term used for dummies. They (pros) brainwash you ( you=dummy) from the beginning (when you start the ABC of trading) in order to use stop-loss while they dont even use stop-loss( They I meant big guys, pros, hedge funds, money makers and ...). Do you think John Paulson, Warren Buffet and their big time friends use stop-loss?? give me a F..... break. From the start they teach you the concept of stop-loss in order to lose money. Wake up people...
"Do you think John Paulson, Warren Buffet and their big time friends use stop-loss?? give me a F..... break."
do you think you are like warren buffet.paulson..if ans is no then you know what should to do? (use sl or..ssssss..kk..fff..kk)if i ask you//are you ready to give 100 usd and take 50 usd ?if your ans is no then you must calculate your sl and tp......if you know your sl then you will know your tp or....
Say something meaningful or Silence!!
  • #188
  • Edited 4:05am Aug 22, 2015 3:50am | Edited 4:05am
The issue is not whether one should use a SL or not.
The issue has to do with placing crap trades or not.
A stop loss will never protect from losing if all you do is lose.
  • #189
  • Aug 22, 2015 12:05pm Aug 22, 2015 12:05pm
I'm a Trend trader and most time(90%) I trade without stop loss coz I always know my entry.
I never get stopped out.
My maximum stay in market dont go up to 4 minutes.
  • #190
  • Aug 22, 2015 12:07pm Aug 22, 2015 12:07pm
When I started programming on MQLanguage, I don't put stop loss in most of my bots until I learnt I was trading the bad way.
  • #191
  • Aug 22, 2015 9:19pm Aug 22, 2015 9:19pm
Quoting joldas
Hello, every one! i have a question that anyone trade without stop-losses, and successed? Trading without stop-loss can be done? has any opinion, plz comment here? thanks.
trading on no margin or without margin than do not need stoploss, because trading without margin theoritically will never margin call
we don't predict, we only ride
  • #192
  • Aug 22, 2015 9:30pm Aug 22, 2015 9:30pm
Quoting cakrajaya
{quote} trading on no margin or without margin than do not need stoploss, because trading without margin theoritically will never margin call
i mean no margin leverage.
we don't predict, we only ride
  • #193
  • Aug 23, 2015 3:00am Aug 23, 2015 3:00am
Quoting noobshow
I'm a Trend trader and most time(90%) I trade without stop loss coz I always know my entry. I never get stopped out. My maximum stay in market dont go up to 4 minutes.
nice! congrets!..i dont know how long you are in this business.today or tommorow you will.....must learn this/that is not trade/business....4/5 stay ...catch and run it is just fun ..game ..touch and go...like short intercourse!!..we are all play/played one stage but in the long run..afte burn ass we all read our chart/stg/system again and CHANGE TO HTF THEN you will enjoy da run/ride feel da real long intercourse!!..real gem of trading...IMHO
Say something meaningful or Silence!!
  • #194
  • Aug 23, 2015 3:34am Aug 23, 2015 3:34am
I rarely ever used a stop loss, but after January I started to do it off and on (though luckily I was on the right side of that move). About two weeks ago a car hit a transformer in my neighborhood and the resulting power loss destroyed my computer's internal clock, jacked up my Windows software, and killed my meta trader software. Meta trader was obviously open at the time, and even after I fixed the clock and Windows, it would only flash open and then close. I reloaded it several times, but finally had to manually delete its files, then delete it, and then reinstall it as a "vista" compatible program, before I finally got it working again. It took me 3 hours!!!! Now, stop losses are automatic.

Now, fortunately, I have other computers with battery backups, so the panic was not too intense, but it was like a wake-up call. One can never know what will happen.

For me, I use semaphores and merely place a "catastrophic" stop loss at the previous low. Not a big deal, and none have been hit so far. My system rarely loses a trade anyway, and has never hit a stop loss, real or imagined. It is designed to exit before a stop loss would ever be hit...unless it is beyond my control.

However, I do remember reading about a strategy where you move a stop loss to the lowest/highest value of the previous 3 candles and then let the market take you out for your profit. So, if a stop loss is used as a take profit tool, that is a whole different thing.

Lessons from real life. Your choice??
You cannot be extraordinary by being normal
  • #195
  • Aug 23, 2015 6:24am Aug 23, 2015 6:24am
Quoting classy
{quote} nice! congrets!..i dont know how long you are in this business.today or tommorow you will.....must learn this/that is not trade/business....4/5 stay ...catch and run it is just fun ..game ..touch and go...like short intercourse!!..we are all play/played one stage but in the long run..afte burn ass we all read our chart/stg/system again and CHANGE TO HTF THEN you will enjoy da run/ride feel da real long intercourse!!..real gem of trading...IMHO
I've been trading this for 2 years, and no loss since 6 months.This isn't just a Scalping strategy.I trade based on Manual Intelligence. I only exit using Scalp.I trade up to 20-30 trades per day.
  • #196
  • Aug 24, 2015 7:03pm Aug 24, 2015 7:03pm
Hello to you all!

Trading without stop-loss is obviously possible, I have practiced that myself quite often. For this purpose, I choose some broker that provides scalping and take a small profit each time I can. So scalping is not bad trading strategy, I believe it's rather underestimated by lots of traders. I still implement it. If you do so, you don't need any stop-loss, just watch your trend.
  • #197
  • Aug 25, 2015 5:38am Aug 25, 2015 5:38am
Quoting Jart
Hello to you all! Trading without stop-loss is obviously possible, I have practiced that myself quite often. For this purpose, I choose some broker that provides scalping and take a small profit each time I can. So scalping is not bad trading strategy, I believe it's rather underestimated by lots of traders. I still implement it. If you do so, you don't need any stop-loss, just watch your trend.
Yes what you are saying is correct and very much possible.

But the main thing is that you will have to deal in a ECN Forex broker for doing this
Trading in Forex since 8 years
  • #198
  • Aug 26, 2015 5:23pm Aug 26, 2015 5:23pm
Quoting PipTraderz
{quote} Yes what you are saying is correct and very much possible. But the main thing is that you will have to deal in a ECN Forex broker for doing this

If to be honest, I didn't understand your reply to total extent. For me it is important to trade with a good quality broker that provides MT4 platform for automated trading.
  • #199
  • Aug 27, 2015 11:28am Aug 27, 2015 11:28am
Its a must to use a stop loss for worst case scenario.
Take what the market gives you.
  • #200
  • Aug 27, 2015 3:59pm Aug 27, 2015 3:59pm
It is possible to climb mountains without harness, but would you?
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