Do you agree that Stop Loss and Take Profit affects the performance of a trading system (EA) ?

[Mirza Baig]

Please share your comments also :)

[boonchuai saetang]

Strongly Agree

[Mehrdad Shiri]

Strongly Agree

[Tonny Obare]

Strongly agree :-\

[Simon Gniadkowski]

Does anyone here have any evidence to show why their "strongly agree" vote is a correct one ? or is it all based on what has been read elsewhere or unfounded opinion ?

[Mehrdad Shiri]

RaptorUK:
Does anyone here have any evidence to show why their "strongly agree" vote is a correct one ? or is it all based on what has been read elsewhere or unfounded opinion ?

Perhaps this is the axioms

:-)

[Tonny Obare]

From my own experiments tp and sl perform better and are a good optimising factor than using reverse signals to close trades.

[Mirza Baig]

tonny:
From my own experiments tp and sl perform better and are a good optimising factor than using reverse signals to close trades.

In one post, you say people don't need mathematical theories, in another, you say SL and TP are good optimising factor. Good SL and TP as standalone cannot perform unless you have good mathematical expectation of the trading system. :)

[Bharamappa Gojanur]

anybody who can advice never to use sl_tp ? Any Ea performing well without SLTP?

[Alain Verleyen]

drbmgojanur:
anybody who can advice never to use sl_tp ? Any Ea performing well without SLTP?

SL and TP aren't technically mandatory, BUT it's very risky to trade without SL. SL and TP orders are set on the server side, if you don't use them you have to use your EA to monitor your trade and close it by code. But what if you loss connection with trade server ?

Furthermore it's a good practice to set a SL, even greather than your real SL. Trading without SL is very risky, and lead sooner or later to big losses.