No SL trade management strategys / alternatives
Jan 01, 2023 at 14:44
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5 Replies
Jan 01, 2023 at 14:44
Im wondering if anyone knows better (safer) and smarter alternatives to the typical no SL trade managemt strategys.
Here are some examples of No SL trade management strategy which i find to be too risky: martingale, grid and zone recovery.
Im looking for simular strategys just safer, best case it should avoid exponetiall risk (dubbling lotsize)
I would appreciate anyone who shares his expirence!
Here are some examples of No SL trade management strategy which i find to be too risky: martingale, grid and zone recovery.
Im looking for simular strategys just safer, best case it should avoid exponetiall risk (dubbling lotsize)
I would appreciate anyone who shares his expirence!
Jan 01, 2023 at 22:42
I see there is some trader who dares to trade without SL, he said working with a financial institution expert and working well with him, but different traders may be different perspectives on the case.
Trade without a stop loss is safe in my opinion if a trader has large trading capital to withstand higher prices till lower prices on a large timeframe, let's say the account has the balance to withstand price movement number 20000 pips from high to low. However some traders use hedging strategies to trade without stopping loss, but this also having own difficulties. Sometimes I trade without stop loss with open two pairs with positive correlation just looking for a small profit from anomaly movement of prices.
Trade without a stop loss is safe in my opinion if a trader has large trading capital to withstand higher prices till lower prices on a large timeframe, let's say the account has the balance to withstand price movement number 20000 pips from high to low. However some traders use hedging strategies to trade without stopping loss, but this also having own difficulties. Sometimes I trade without stop loss with open two pairs with positive correlation just looking for a small profit from anomaly movement of prices.
Member Since Oct 12, 2022
2 posts
Jan 02, 2023 at 02:45
In 2023, I'm going to practice (demo account) using pyramiding (adding to positions when in profit).
One benefit is that you start a position with a lower lot size, ie. a smaller potential loss.
Also I'll try inverse pyramiding: lowering my position size if market moves against me (ie. taking partial loss).
I think Stop Losses are a good thing if we can put them at a place that makes sense (if my SL is hit, it means market reversal). If that's not practical, then using a lower initial lot size reduces the impact of a SL, and reducing size if market moves against me should help too.
But keeping a SL at all times ensures unexpected news shouldn't destroy my efforts.
Makes sense?
One benefit is that you start a position with a lower lot size, ie. a smaller potential loss.
Also I'll try inverse pyramiding: lowering my position size if market moves against me (ie. taking partial loss).
I think Stop Losses are a good thing if we can put them at a place that makes sense (if my SL is hit, it means market reversal). If that's not practical, then using a lower initial lot size reduces the impact of a SL, and reducing size if market moves against me should help too.
But keeping a SL at all times ensures unexpected news shouldn't destroy my efforts.
Makes sense?
Member Since Oct 12, 2022
2 posts
Jan 04, 2023 at 13:06
As for hedging, I'd recommend https://www.youtube.com/@NickShawnFX but I'm not sure I'd recommend doing it :) YMMV but I wish you prosperity
Member Since Jul 23, 2020
869 posts
Jan 04, 2023 at 16:20
Quick opening and closing of a trade leaves traders no profit ultimately. What I personally think is that traders should take rest after winning a trader and refresh their mindset for further market analysis.
Member Since Jul 23, 2020
869 posts
Jan 04, 2023 at 16:20
Quick opening and closing of a trade leaves traders no profit ultimately. What I personally think is that traders should take rest after winning a trader and refresh their mindset for further market analysis.
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