Trading without a stop loss - page 6

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Ubzen
5299
Ubzen  
Your opinion wanted - MQL4 forum
  • www.mql5.com
Your opinion wanted - MQL4 forum
Tonny Obare
67116
Tonny Obare  
Where is proof that im trading like that in my live account? You have done zero work trying to use my experiment to prove a point. Everyone does mt4 experiments once in a while.
Tonny Obare
67116
Tonny Obare  
SL is good be it virtual or not. It doesnt have to be set on the trade but it can be monitored virtually to limit loses.
Alain Verleyen
39520
Alain Verleyen  
tonny:
SL is good be it virtual or not. It doesnt have to be set on the trade but it can be monitored virtually to limit loses.
Right, but virtual SL is more dangerous, if you loss your connexion to the broker, then there is nothing to protect your account.
Rob Cain
990
Rob Cain  

Stop losses are very important, whether virtual or imprinted on the platform, a level at which you are will to take a risk that the price is going to hit and will not recover from.

Some say brokers actively look for stop losses on the platform??????

So whether it be actual or virtual, you need a predefined level of risk, unless you have a vast amount of money, then why trade in the first place, enjoy it!!

EDIT

If you have a virtual SL then make sure you have your brokers number to call should you lose connection of the platform, couldn't quite believe that no one would not, unless they cannot be contacted via telephone, but always have some means of backup, if not, your taking a bigger risk than not using a SL at all. 

Basic Principles - Trading Operations - MetaTrader 5 Help
Basic Principles - Trading Operations - MetaTrader 5 Help
  • www.metatrader5.com
Before you proceed to study the trade functions of the platform, you must have a clear understanding of the basic terms: order, deal and position...
Jo Ferry Febryanto
148
Jo Ferry Febryanto  
Trading without SL is no problem, but you must calculate how much you use lot, consider how high and low the market will run as floating. Without SL is risky if you have account $100  and use 1 lot for trade. And it is fine to use 0.1 lot for $1.000 in cents account. And this is a money management too. Every traders had a strategy of mmoney management. Even you use SL in every trade you have 95% to loss your money.
Roger Pinheiro
726
Roger Pinheiro  
You can successfully trade without stop loss but not in the long LIVE...
Prabir Paul
1743
Prabir Paul  
If your are using small lot value then you may trade without SL. But trading without SL for long term means you are ready to blow out account.
Prabir Paul
1743
Prabir Paul  
noorad sharafi:



 

O
              
Open Date Close date Symbol Action Lots SL(Pips) TP(Pips) Open Price Close Price Pips Profit (USD) Duration Gain
05.30.2013 12:33 05.31.2013 18:05 EURUSD Sell 50 - - 1.2972 1.29611 10.9 5916 1d 1.84%
05.30.2013 12:33 05.31.2013 18:05 EURUSD Sell 50 - - 1.2972 1.29611 10.9 5666 1d 1.80%
05.30.2013 12:33 05.31.2013 18:05 EURUSD Sell 50 - - 1.29716 1.29611 10.5 5466 1d 1.76%
05.30.2013 12:33 05.31.2013 18:05 EURUSD Sell 50 - - 1.29721 1.29611 11 5716 1d 1.88%
05.30.2013 10:32 05.30.2013 12:30 GBPJPY Buy 50 - - 152.721 152.865 14.4 6897.99 1h 58m 2.32%
05.30.2013 10:32 05.30.2013 12:30 GBPJPY Buy 50 - - 152.721 152.884 16.3 7394.18 1h 58m 2.55%
05.30.2013 10:32 05.30.2013 12:30 GBPJPY Buy 50 - - 152.715 152.884 16.9 8187.53 1h 57m 2.91%
05.23.2013 10:31 05.23.2013 19:39 GBPJPY Buy 50 - - 153.361 153.902 54.1 26567.02 9h 8m 10.42%
05.09.2013 20:20 05.23.2013 10:31 GBPJPY Sell 50 - - 154.493 153.37 112.3 52847.12 13d 26.14%
05.07.2013 19:18 05.09.2013 19:38 GBPJPY Buy 50 - - 153.139 153.953 81.4 41099.75 2d 25.51%
05.03.2013 16:32 05.07.2013 19:17 GBPJPY Sell 50 - - 154.147 153.136 101.1 50764.1 4d 46.01%
05.03.2013 10:00 05.03.2013 13:59 GBPJPY Buy 50 - 77.3 152.422 152.562 14 7137.25 3h 58m 6.92%
05.02.2013 15:09 05.02.2013 16:46 CHFJPY Sell 50 - - 105.4 104.78 62 31708.04 1h 37m 44.36%
05.02.2013 12:56 05.02.2013 15:07 CHFJPY Buy 20 - - 104.75 105.26 51 10436.06 2h 11m 17.09%
05.02.2013 12:56 05.02.2013 15:07 CHFJPY Buy 20 - - 104.75 105.29 54 11047.92 2h 11m 22.10%

Do this for long term: There are two possibilities - your are going to be Warren Buffet or you'll ask everyone not to trade financial market. 

Only Fool trades without SL

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