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Anyone Trade without SL ?

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  • ForexFunction.com
    replied
    It is not safe to trade without SL. traders mustbuse this stop loss. if you can take little amount of lot. then you canan trade without SL. Sometimes i use this strategy for trade without SL. for this you have to trade with the trend.

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  • merau01
    replied
    Hi guys,

    I can understand that professional traders do not necessarily need to set a pre-defined stop loss set.

    What about some world event like terrorist attack or tsunami that might wipe out an account while sleeping?

    Is this something that people think about?

    Leave a comment:


  • Ahmer
    replied
    Lord Benj: Thats a quite good article and i m sure most of the traders are aware of this.
    The reason most traders do not fixed their stops is that market reverses in their favor most of the time. There is always an 80:20 Rule that ruins the traders account.

    Leave a comment:


  • Lord Benj
    replied
    Hello Ahmer ,

    Here is an article i once read that talks about a little market fact about traders who use fixed stops and those who don't and more . May be of help.

    DailyFX is the leading portal for forex trading news, charts, indicators and analysis. Every tool you need to trade in the foreign exchange market.

    Leave a comment:


  • Ahmer
    replied
    I agree but those who have fixed trade setup does not need to look at screen all the times. Trading without SL leads you to believe something should happen as per your Analysis. That is why most seasonal traders gone away with a change of wind.

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  • p3t3rjj
    replied
    Originally posted by Ahmer View Post
    Not only viper but many of the signal provider don't use fixed SL.
    Trading without SL, and trading without a fixed SL is quite a different thing.
    By fixed you could mean percentage of equity or just plain pip count.
    Without fixed SL, but still using a SL would indicate the trader judges each trade setup or basket of trades individually and would apply a stop loss accordingly.
    No little red line behind the entry does not mean no stop loss.

    Leave a comment:


  • Ahmer
    replied
    Originally posted by p3t3rjj View Post
    Do you just make this crap up as you go along. Have another read of how Viper manages hes trades. He was quite clear on when he would decide to close down a negative trade.
    Not only viper but many of the signal provider don't use fixed SL.

    Leave a comment:


  • p3t3rjj
    replied
    Originally posted by Ahmer View Post
    Can anyone get long term success trading FX without using predefined Stop Loss levels. We know market moves back and forth and take sharper moves with fundamentals. FX Viper on this forum is a live example of trader who trade without SL.
    Do you guys trade without SL?
    Do you just make this crap up as you go along. Have another read of how Viper manages hes trades. He was quite clear on when he would decide to close down a negative trade.

    Leave a comment:


  • Ahmer
    started a topic Anyone Trade without SL ?

    Anyone Trade without SL ?

    Can anyone get long term success trading FX without using predefined Stop Loss levels. We know market moves back and forth and take sharper moves with fundamentals. FX Viper on this forum is a live example of trader who trade without SL.
    Do you guys trade without SL?
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