iamjacobs
Členem od Nov 07, 2018
17 příspěvků
Nov 07 2018 at 11:47
Be careful. Stop losses have a habit to be closed by. Moreover, stop loss will not save you from 1000pips one time movement, it doesn't work when the market gets crazy.
RampUpToForex
Členem od Oct 04, 2018
9 příspěvků
Nov 08 2018 at 07:16
Better to be closed at the stop loss than close 100 pips lower down with a bigger loss!!! Stop loss are critical for risk management
ChillBro
Členem od Nov 08, 2018
9 příspěvků
Nov 08 2018 at 13:20
Yeah only newbies and trade without a stop loss. Using a stop loss is trading 101
yellowman94
Členem od Oct 09, 2018
41 příspěvků
Nov 08 2018 at 13:22
not many traders use stop loss, but i recommend for the newbie's. i am out of the newbie phase and i still do use stop loss.
iamjacobs
Členem od Nov 07, 2018
17 příspěvků
Nov 12 2018 at 13:42
Moreover, using stop losses depends on the trading system you use. If your trading system without stop losses works, do not start to use stop losses just because the forum says.
ShamrockEire
Členem od Oct 25, 2018
9 příspěvků
Nov 12 2018 at 15:09
There are no trading system that work that don't use stop loss. FACT. If you use no stop loss then you could always lose all your profit in one trade. That is no strategy to use
vontogr
(togr)
Členem od Feb 22, 2011
4862 příspěvků
Nov 14 2018 at 14:51
There are different kind of SL
Used wisely it can save your account. Otherwise you can suffer unnecessary loss or big loss.
1. SL per position - most common understanding os SL. Where each trade has SL defined in pips. Often result in closing position prematurely when in loss before it become profitable.
2. SL per equity. I prefer this one. You define level - e.g. 10% at which all your positions get closed and trading is halted.
3. Leverage. I often hear that low leverage serves as stop loss. Well it is side effect no primary purpose.
Used wisely it can save your account. Otherwise you can suffer unnecessary loss or big loss.
1. SL per position - most common understanding os SL. Where each trade has SL defined in pips. Often result in closing position prematurely when in loss before it become profitable.
2. SL per equity. I prefer this one. You define level - e.g. 10% at which all your positions get closed and trading is halted.
3. Leverage. I often hear that low leverage serves as stop loss. Well it is side effect no primary purpose.
Imamul
Členem od Aug 09, 2017
698 příspěvků
Nov 15 2018 at 07:17
in Fx Failure rate doesn’t matter. Matter is why traders have been failing. According to me, beginners trader fail after passing sometimes in live account because they have no trading discipline and always trade with emotions as well try to take revenge after having a loss. And some experience traders lose due to their overconfident. Practically there is nothing 100% in Forex .
AniLorak
Členem od Apr 18, 2017
920 příspěvků
Nov 15 2018 at 07:39
togr posted:
There are different kind of SL
Used wisely it can save your account. Otherwise you can suffer unnecessary loss or big loss.
1. SL per position - most common understanding os SL. Where each trade has SL defined in pips. Often result in closing position prematurely when in loss before it become profitable.
2. SL per equity. I prefer this one. You define level - e.g. 10% at which all your positions get closed and trading is halted.
3. Leverage. I often hear that low leverage serves as stop loss. Well it is side effect no primary purpose.
Well said! By the way, I always set my SL acceding to the position of support/resistant levels! I don’t take this decision based on my own choice.
Jingyi
Členem od Nov 15, 2018
8 příspěvků
Nov 15 2018 at 11:18
Me to. S/R is a better way to set SL. everything else is arbitrary. Let the market define the SL
vontogr
(togr)
Členem od Feb 22, 2011
4862 příspěvků
Nov 15 2018 at 14:36
Well there are more way how to calculate stop loss. one of the popular is ATR
Astronautica
Členem od Oct 29, 2018
10 příspěvků
Nov 19 2018 at 11:18
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.
AmDiab
Členem od Apr 18, 2017
718 příspěvků
Nov 19 2018 at 13:47
Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.
Default settings of ATR? Or do you have any personal choice! Thanks in advance.
vontogr
(togr)
Členem od Feb 22, 2011
4862 příspěvků
Nov 20 2018 at 09:01
AmDiab posted:Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.
Default settings of ATR? Or do you have any personal choice! Thanks in advance.
I have specifics setting, it can be used to calculate sl as well as tp.
100 sl one day is completely different than 100 sl other day.
100 pips movement can take 5 secs, min, hours :)
AniLorak
Členem od Apr 18, 2017
920 příspěvků
Nov 27 2018 at 08:11
togr posted:AmDiab posted:Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.
Default settings of ATR? Or do you have any personal choice! Thanks in advance.
I have specifics setting, it can be used to calculate sl as well as tp.
100 sl one day is completely different than 100 sl other day.
100 pips movement can take 5 secs, min, hours :)
I always set my SL based on intraday support and resistant level; if my trade setup is very far from intraday support/resistant level; then I avoid this trade opportunity.
Imamul
Členem od Aug 09, 2017
698 příspěvků
Feb 20 2019 at 07:10
Reasons why most traders lose in my opinion is emotional making decision. You have to follow a trading plan or system with discipline, otherwise you aren’t allowing your edge to work for you. Without this then any form of trading in this regard is simply gambling. Since it can’t be reproduced reliability.
jamesgwyther
Členem od Aug 05, 2017
289 příspěvků
Feb 24 2019 at 08:19
A stop loss is vital. I can't believe anyone would trade without one!?!
walpants
Členem od Feb 07, 2019
47 příspěvků
Feb 24 2019 at 13:20
i will never trade without one again, i got stupid with my trading last year and thought i could manage a trade without one, quickly found out i couldn't, the mental game was insane i just couldn't bring myself to pull the plug on a loosing trade! ended up loosing the majority of my account.
Treeny
Členem od Feb 08, 2019
211 příspěvků
Feb 24 2019 at 13:50
Some pro traders claim they don't use a stop loss. I find this unbelievable.