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Trading without stop-losses

  • #221
  • Nov 18, 2015 6:32pm Nov 18, 2015 6:32pm
Quoting tradability
{quote} And where is that ? Is it some official data presenting site and if so how do we know it's your data as opposed to someone else's results?
http://www.forexfactory.com/lasty#ac...explorer.41212
  • #222
  • Nov 18, 2015 6:44pm Nov 18, 2015 6:44pm
Quoting lasty
{quote} http://www.forexfactory.com/lasty#ac...explorer.41212
That's too hard to understand have you got that attached to myfxbook?
Also is that correct that your leverage is 1:2?
  • #223
  • Nov 18, 2015 6:58pm Nov 18, 2015 6:58pm
Quoting tradability
{quote} That's too hard to understand have you got that attached to myfxbook? Also is that correct that your leverage is 1:2?
I have that linked to FX factory with investor password from the broker.
Very easy.

Yes small leverage on positions.
That also allows me to add to my existing positions.
It also allows me to trade other ccy pair positions when opportunity arises.

More importantly I control when to execute the position instead of my broker.
  • #224
  • Nov 18, 2015 8:47pm Nov 18, 2015 8:47pm
Quoting lasty
{quote} I have that linked to FX factory with investor password from the broker. Very easy. Yes small leverage on positions. That also allows me to add to my existing positions. It also allows me to trade other ccy pair positions when opportunity arises. More importantly I control when to execute the position instead of my broker.
So whats the myfxbook link ?
  • #225
  • Nov 19, 2015 12:04pm Nov 19, 2015 12:04pm
I am a young forex trader, I have been trading for 1 year.

I have not blown an account. I use a risk management system of risking 1% of my account per trade that is an intra-day or swing trader position. I only risk 0.5% of my account per scalping trade. I do trade with a deep stop-loss that is set according to supply/demand levels that I plot on the charts.

Risk management is essential.

Let the winners run and cut the losers off.
  • #226
  • Nov 19, 2015 12:52pm Nov 19, 2015 12:52pm
These threads are fun.
  • #227
  • Nov 19, 2015 2:52pm Nov 19, 2015 2:52pm
Quoting tradability
{quote} So whats the myfxbook link ?
I dont use MyFxbook
  • #228
  • Nov 20, 2015 3:13am Nov 20, 2015 3:13am
Quoting lasty
{quote} I dont use MyFxbook
So how else can I see the results?
  • #229
  • Nov 22, 2015 3:11pm Nov 22, 2015 3:11pm
Quoting tradability
{quote} So how else can I see the results?
Attached Image (click to enlarge)
Click to Enlarge Name: lasty.PNG Size: 97 KB
  • #230
  • Nov 22, 2015 3:25pm Nov 22, 2015 3:25pm
Quoting lasty
{quote} {image}
So wheres the DD on this account? Also it states you have made over 100% profit in 109 weeks, is that true am I reading it correctly?
On such a small leverage as you are using you must be using a martingale system I'm assuming...well I am certain you are to get such high results. You've had this strategy in operation 109 weeks and looking at the graphs it has had 3 major moves to get you there which suggests the martingale got you there eventually.
Very nice results thus far BUT the mere fact that you hide the balance etc has great meaning.
  • #231
  • Nov 22, 2015 3:58pm Nov 22, 2015 3:58pm
Quoting tradability
{quote} So wheres the DD on this account? Also it states you have made over 100% profit in 109 weeks, is that true am I reading it correctly? On such a small leverage as you are using you must be using a martingale system I'm assuming...well I am certain you are to get such high results. You've had this strategy in operation 109 weeks and looking at the graphs it has had 3 major moves to get you there which suggests the martingale got you there eventually. Very nice results thus far BUT the mere fact that you hide the balance etc has great meaning....
DD ? Double Down is that what you mean ?

You have to click on the trades that I have done to find out that Martingale system isn't part of my trading.

The 17 trades are all different views.

Some have cross bearings for example in USD/TRY I maintained a short USD/TRY to earn the swap points but then hedged against other currencies for USD protection once USD turned up.
  • #232
  • Nov 22, 2015 4:57pm Nov 22, 2015 4:57pm
Quoting lasty
{quote} DD ? Double Down is that what you mean ? You have to click on the trades that I have done to find out that Martingale system isn't part of my trading. The 17 trades are all different views. Some have cross bearings for example in USD/TRY I maintained a short USD/TRY to earn the swap points but then hedged against other currencies for USD protection once USD turned up.
DD is Draw Down... You've made over 100% on a 1:2 Leverage in 17 trades ?
  • #233
  • Nov 22, 2015 8:10pm Nov 22, 2015 8:10pm
Quoting tradability
{quote} DD is Draw Down... You've made over 100% on a 1:2 Leverage in 17 trades ?
Attached Image (click to enlarge)
Click to Enlarge Name: lasty4.PNG Size: 99 KB
  • #234
  • Nov 27, 2015 1:30pm Nov 27, 2015 1:30pm
I believe if we are doing trading without stop loss then we need to be pretty sure of the trend or at least should have money management to cover the problem. I never used SL for long term trading, but when I am doing day trading or scalping, I definitely have my figure in mind that I can afford to lose.
  • #235
  • Nov 28, 2015 2:10am Nov 28, 2015 2:10am
I've seen people who don't use stops in the macro hedge fund world for longer term thematic trades. More publicly, it is known that George Soros and Stan Druckenmiller didn't/don't use price-based stops. In fact, they add to positions if their fundamental thesis remains valid yet price moves adversely against them but they are also quick to liquidate if their thesis is proven to be invalid. Price is inconsequential.

For short-term trading, it's a no brainer to use stops. I've seen many short term traders who don't set hard profit targets, but I'm yet to see a successful short term trader who doesn't use price and time stops.
  • #236
  • Nov 30, 2015 9:41pm Nov 30, 2015 9:41pm
Quoting Fedricks
I believe if we are doing trading without stop loss then we need to be pretty sure of the trend or at least should have money management to cover the problem. I never used SL for long term trading, but when I am doing day trading or scalping, I definitely have my figure in mind that I can afford to lose.
Cut loss is the main key when you're not using SL, execute it by yourself when you know the loss would be worse if you don't take an action to cut it...
  • #237
  • Dec 1, 2015 3:40am Dec 1, 2015 3:40am
90% of my trades are without atop losses, you think it's not possible check my explorer. My explorer is a reflection of trades I place on my live account. One advice though, don't do this if you trade longtime. If you have small capital u can trade without sl but u have to go with small trade lots
  • #238
  • Dec 1, 2015 3:44am Dec 1, 2015 3:44am
Quoting scshorten
I am a young forex trader, I have been trading for 1 year. I have not blown an account. I use a risk management system of risking 1% of my account per trade that is an intra-day or swing trader position. I only risk 0.5% of my account per scalping trade. I do trade with a deep stop-loss that is set according to supply/demand levels that I plot on the charts. Risk management is essential. Let the winners run and cut the losers off.
You may not have blown an account but have you been profitable
  • #239
  • Dec 1, 2015 5:00am Dec 1, 2015 5:00am
Quoting He-Goat
90% of my trades are without atop losses, you think it's not possible check my explorer. My explorer is a reflection of trades I place on my live account. One advice though, don't do this if you trade longtime. If you have small capital u can trade without sl but u have to go with small trade lots
Its a Demo account... demo accounts are for those that don't need to worry about sleeping.
If what you say is true and mind you I agree with you then show a long term REAL account with a decent amount to back it up!
Those that come on here make all sorts of comments based on their understanding, their reading, their education and not showing success in trading make up the 98% that lose their investments in a short period of time such as within 3 years of trading etc. They are more of gamblers then traders.
Only believe someone that shows evidence via success over a long period of time.
  • #240
  • Dec 1, 2015 5:19am Dec 1, 2015 5:19am
Quoting tradability
{quote} Its a Demo account... demo accounts are for those that don't need to worry about sleeping. If what you say is true and mind you I agree with you then show a long term REAL account with a decent amount to back it up! Those that come on here make all sorts of comments based on their understanding, their reading, their education and not showing success in trading make up the 98% that lose their investments in a short period of time such as within 3 years of trading etc. They are more of gamblers then traders. Only believe someone that shows...
<Too bad mate, I ain't showing my live account, if you observe closely, there's enough discipline in my demo account to show you, I ain't playing around ,In Pete's sake, who would spend hours,weeks, days demo trading, that will be a waste of resource don't u think?. For some reason I manage to stay on the right side of the trend , well, atleast 69.43% of the time. I use sl don't get me wrong ,but not trading short time. And my account been up since sept. 2012 , that's two years plus. Start to date profit @ 477 % of capital. No jokes.
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