Trading without a stop loss - page 6

[Ubzen]

https://www.mql5.com/en/forum/143993/page4. enough said.

[Tonny Obare]

Ubzen:
https://www.mql5.com/en/forum/143993/page4. enough said.

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]

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]

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]

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. 

[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]

You can successfully trade without stop loss but not in the long LIVE...

[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]

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