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Importance of Stop Loss
Участник с Aug 11, 2017
886 комментариев
Nov 03, 2017 at 14:00
Участник с Aug 11, 2017
886 комментариев
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.
Участник с Feb 12, 2016
427 комментариев
Nov 08, 2017 at 09:14
Участник с Feb 12, 2016
427 комментариев
Just reduce your risk and use Stop Loss. Thank you.
Accept the loss as experience
Участник с Apr 18, 2017
718 комментариев
Nov 08, 2017 at 15:51
Участник с Apr 18, 2017
718 комментариев
You can protect your loss percentage by using stop loss trading tool! I use SL positions in my trading so willingly!
Участник с Apr 18, 2017
920 комментариев
Nov 08, 2017 at 15:53
Участник с Apr 18, 2017
920 комментариев
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.
Участник с Nov 08, 2017
11 комментариев
Nov 08, 2017 at 15:53
Участник с Nov 08, 2017
11 комментариев
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
Участник с Apr 18, 2017
920 комментариев
Nov 12, 2017 at 15:56
Участник с Apr 18, 2017
920 комментариев
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
Участник с Dec 11, 2015
1487 комментариев
Nov 13, 2017 at 15:17
Участник с Dec 11, 2015
1487 комментариев
Price doesn't just move that much during such news, spreads often get incredibly wide too, which adds to the problem.
Участник с Feb 12, 2016
522 комментариев
Nov 16, 2017 at 10:53
Участник с Feb 12, 2016
522 комментариев
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 :)
Участник с Aug 27, 2017
994 комментариев
Nov 16, 2017 at 15:30
Участник с Aug 27, 2017
994 комментариев
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.
Участник с Nov 21, 2017
20 комментариев
Nov 29, 2017 at 15:44
Участник с Nov 21, 2017
20 комментариев
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
Участник с Aug 27, 2017
994 комментариев
Nov 30, 2017 at 15:33
Участник с Aug 27, 2017
994 комментариев
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.
Участник с Oct 23, 2017
13 комментариев
Dec 03, 2017 at 07:50
Участник с Oct 23, 2017
13 комментариев
Trade with no stop loss Is madness
Участник с Dec 11, 2015
1487 комментариев
Dec 03, 2017 at 14:54
Участник с Dec 11, 2015
1487 комментариев
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.
forex_trader_203139
Участник с Aug 09, 2014
26 комментариев
Dec 06, 2017 at 15:06
Участник с Aug 09, 2014
26 комментариев
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).
Участник с Apr 18, 2017
920 комментариев
Dec 06, 2017 at 15:46
Участник с Apr 18, 2017
920 комментариев
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.
Участник с Mar 26, 2018
31 комментариев
Oct 29, 2018 at 13:08
Участник с Mar 26, 2018
31 комментариев
Hey Friends
We use stop-loss orders to prevent big losses on their open stock positions.
We use stop-loss orders to prevent big losses on their open stock positions.
Участник с Jul 27, 2018
16 комментариев
Nov 01, 2018 at 11:17
Участник с Jul 27, 2018
16 комментариев
Using stop loss is an art. It depends on how much leverage used and when you study chart religiously, it will tell you if using the SL is needed or not. If you follow the above words and attach it with the emotion, it's going to be deadly disaster.
Участник с Oct 09, 2018
21 комментариев
Nov 02, 2018 at 06:21
Участник с Oct 09, 2018
21 комментариев
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.
Участник с Sep 01, 2018
12 комментариев
Nov 04, 2018 at 07:20
Участник с Sep 01, 2018
12 комментариев
NicoF1 posted:Agree! it saves your account from blowing up.
Trade with no stop loss Is madness
Участник с Nov 07, 2018
17 комментариев
Nov 07, 2018 at 11:47
Участник с Nov 07, 2018
17 комментариев
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.
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