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Importance of Stop Loss
Iepriekšējās 1 2 Nākamais

Biedrs kopš Aug 27, 2017  277 ieraksti Adribaasmet Nov 30 2017 at 15:33
Klem posted:
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.
That means, you strategy allows you to trade without SL? Then how you handle your losing trades?


Biedrs kopš Oct 23, 2017  10 ieraksti NicoF1 Dec 03 2017 at 07:50
Trade with no stop loss Is madness


Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 Dec 03 2017 at 14:54
I, personally, prefer to use stop loss but I generally recommend doing so to anyone who asks me, but there are people who trade without it and do just fine.


Biedrs kopš Aug 09, 2014  26 ieraksti husar2008 Dec 06 2017 at 15:06
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).
See signal


Biedrs kopš Apr 18, 2017  271 ieraksti AniLorak Dec 06 2017 at 15:46
NicoF1 posted:
Trade with no stop loss Is madness

Absolutely, there is no certainty! I am sure, pro traders don’t trade without SL since they focus on consistency rather than sudden huge profit.

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