Personally I never trade with stop lose, and not encouraging anyone to follow me, I have my own strategy which works for the past 3 years, what I liked about your post and I agree 100% is the drawdown, I hate seeing my drawdown more than 20%, and one of my accounts I was happy with, its drawdown was below 2% for few months
So do you effectively use a stop loss based on draw down of your account rather than pips?
never use a stop loss but open a trade instead, I am using automated trading
There are stops and stops, loong stops, short stops, mental stops, some amazing automated trade mangers that use stops,
I used stops today below last weeks low, had to be a way a lot from screen, even for demo but decided so much risk is worth and coldly walked away, none stopped out the few hours it took me to realize it is not my day and closed all at once, kind of a stop also, I am bad with traditional set and dont move stops, mainly lock in profit with them, probably something I should Un-learn , automation helps some at least me.
I like what Hicham Nejjahi is doing, I need to do the 'always in' manually, newer had the guts to do it