What About Not Setting A Stoploss And Target? Only Exit/Book Manually

Ubzen 2013.12.10 08:58 #11

abhishek72457: True, i think we need to set a Risk:Reward Ratio for any deal. i think if i have done 10 trades and my 50% deals hit Sl and 50% hit Target then with 1:3 Risk:Reward ratio i will always be in Plus.

Lol.... thats a big if. You have control over your R:R, you don't have control over the Win_Rate. This is usually the reality.

Ronnie Mansolillo 2013.12.10 09:02 #12

abhishek72457:

Hii Folks!

i am interested to know about not setting stoploss and targets for any entry, share your views/experiences.

I suggest to use SL always. even if you use manual trading try to make a backtest with and without and you'll see the difference. also might be good and better to use a trailing stop. regarding this point you can decide to trade manual and use an expert only as trailing. good luck

Trailing Stop : Does Trailing stop and trailing Envelope 2.11

Abhishek Panwar 2013.12.11 12:41 #13

Thanks to everyone. keep discussing as, we all gaining our knowledge because of different mindsets..

Thanks again

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