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Importance of Stop Loss
Nov 03, 2017 at 14:00
會員從Aug 11, 2017開始
886帖子
in this volatile trading place devoid of stop loss you trading condition can be as like a ship in an ocean without a rudder. So it’s an inevitable part of trading. We have to set stop loss according to previous support and resistance level. However, any form of strategy has different rules in point out stop loss level. Even some traders choose to use manual cut loss. and does not use stop loss tool. Since they are implement scalping technique and always monitoring the trade.
Nov 16, 2017 at 10:53
會員從Feb 12, 2016開始
522帖子
AniLorak posted:CarlFooty posted:That was the memorable crash! Many traders even brokers crash their balance during that news session!
Always use a stop loss. Price can move a 1000 pips in a second if there is some crazy news. Look at CHF a couple of years back
Such movements of 1000 and + pips may occurs when a Central Bank is intervening on the market - not just regular or usual news. In this case the stop loss does not help, because the trade will be filled on the first possible price :)
I am strictly for the stop loss using and to avoid such movements and bad fills stay away when banks intervene :)
會員從Aug 27, 2017開始
994帖子
Nov 16, 2017 at 15:30
會員從Aug 27, 2017開始
994帖子
AniLorak posted:Same experience! I was also tried to avoid SL and trail stop in my beginning trading sessions! But right now I am not! Because, now I am very much sure about the importance of SL position.
When I was a new trader, then I didn’t use SL; as a result I faced huge losses in my early stage of trading! But now, I am not facing this kind of problem because of using SL’s in my trading! That’s the real difference.
Nov 29, 2017 at 15:44
會員從Nov 21, 2017開始
20帖子
Hey. Be honest with yourself and stick to the strategy. If you know how to control yourself and stop trading on time, then you do not need a stop-loss. I'll tell you more, your stop-orders are your psychological levels, which usually come true. Just follow your strategy.
Find the Holy Grail of Trade
會員從Aug 27, 2017開始
994帖子
Nov 30, 2017 at 15:33
會員從Aug 27, 2017開始
994帖子
Klem posted:That means, you strategy allows you to trade without SL? Then how you handle your losing trades?
Hey. Be honest with yourself and stick to the strategy. If you know how to control yourself and stop trading on time, then you do not need a stop-loss. I'll tell you more, your stop-orders are your psychological levels, which usually come true. Just follow your strategy.
forex_trader_203139
會員從Aug 09, 2014開始
26帖子
Dec 06, 2017 at 15:06
會員從Aug 09, 2014開始
26帖子
There are two ways for me in automated trading :
1 - algorithms that deal with SL and let it hit.
2 - algorithms that use technical SL - far away from opening price - and let the SL almost NOT hit. Internal SL or methods will close almost earlier than technical SL.
Not every algorithm/strategy can deal with 1 AND/OR 2. The more you invest in quality of exit signal the more you can risk as in 2. To be safe with 2, you need to know brokers tickvalue, the risk you will take in sum and a good exit criterion.
I quit method 1 for myself. Hitting a fix SL is just lack of exit signal and hard exit by loosing orientation. I don't like this. Visibile tight SL are just to easy to grab for your broker with a single tick hitting gently yout tight SL. My development EA Cutter uses wide technical SL. And yes it will be hit in backtest, but money management and a good exit algorithm allows me to use this anyway (hopefully).
1 - algorithms that deal with SL and let it hit.
2 - algorithms that use technical SL - far away from opening price - and let the SL almost NOT hit. Internal SL or methods will close almost earlier than technical SL.
Not every algorithm/strategy can deal with 1 AND/OR 2. The more you invest in quality of exit signal the more you can risk as in 2. To be safe with 2, you need to know brokers tickvalue, the risk you will take in sum and a good exit criterion.
I quit method 1 for myself. Hitting a fix SL is just lack of exit signal and hard exit by loosing orientation. I don't like this. Visibile tight SL are just to easy to grab for your broker with a single tick hitting gently yout tight SL. My development EA Cutter uses wide technical SL. And yes it will be hit in backtest, but money management and a good exit algorithm allows me to use this anyway (hopefully).
會員從Mar 26, 2018開始
31帖子
會員從Jul 27, 2018開始
16帖子
會員從Oct 09, 2018開始
21帖子
Nov 02, 2018 at 06:21
會員從Oct 09, 2018開始
21帖子
It is probable that your SL is too tight. The market range changes. Your edge could dissappear without any warning if you don't take into account the various market cycles when deciding that your edge is real. Most of times I don't set stop loss because I am expecting something that has been proven to me based on my tests I should expect. In short the plan of the trade is important. Your trades should have been won even before your entries.
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