Trading strategies without StopLoss

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Hi all, here's a topic

All who trade on the real have heard from the "guru" teachers and from "smart books" that "trading without stops is a straight path to failure".

But at the same time (the same teachers don't tell us anything about it for some reason) SL (triggered) leads to a direct loss even if the price moves in the direction we want(

So what are the trading ideas/options without SL, but with risk control (drawdowns, etc.)

Combination trading and trading on different accounts (competitive, for example) is too simple (clear, obvious), what are the other ways (approaches, methods, techniques)?

I am interested for: MT4, MT5; within one broker/DC

 
Igor Yeremenko:

Hi all, here's a topic

All who trade probably heard from the "guru" teachers and from "clever books" that "trading without stops is a direct route to failure".

But at the same time (those teachers don't say anything about it for some reason) SL (triggered) leads to a direct loss, even if the price moves in the direction we want(

So what are the trading ideas/options without SL, but with risk control (drawdowns, etc.)

Combination trading and trading on different accounts (competitive, for example) is too simple (clear, obvious), what are the other ways (approaches, methods, techniques)?

I am interested for: MT4, MT5; within one broker/DC

Why do you need to look for something complicated, if there are simple and easy ways? If the problem can be solved by a simple action, why complicate it?
 
Viacheslav Snigirev:
Why look for something complicated when there are simple and straightforward ways to do it? If the problem can be solved by a simple action, why complicate it?
which ones?
 
Igor Yeremenko:

Hi all, here's a topic

All who trade probably heard from the "guru" teachers and from "clever books" that "trading without stops is a direct route to failure".

But at the same time (those teachers don't say anything about it for some reason) SL (triggered) leads to a direct loss, even if the price moves in the direction we want(

So what are the trading ideas/options without SL, but with risk control (drawdowns, etc.)

for example trading on different accounts is too simple (clear, obvious), what are the other ways (approaches, techniques, methods)?

Interested in: MT4, MT5; within one broker/CC

they are right. You just misunderstand SL. It does not and should not be used to fix profits/losses. It limits the maximum loss. If the price has jumped up to it, it means that all your previous assumptions about market behavior are fundamentally wrong, one more point of loss and it will be an irreparable blow to MM.

 

SL is a lifesaver, without SL at the moment there would have been a much bigger loss.

 

Actually, SL is completely unnecessary if:

1. you constantly monitor the market and can always close on your own. Don't think of stepping away from your computer for a cup of coffee).

2. the possibility of gaps is almost completely eliminated.

3. you can be sure that your computer will not crash or the Internet will not interfere, etc.

4. the exchange, broker or broker-dealer does not suddenly take a snooze break in the middle of the day.

Otherwise - SL is completely unnecessary.

 
Considering several strategies without stops. The strategies work. If you put a SL in the algorithm, it's an instant drain.
 
Igor Yeremenko:

Hi all, here's a topic

All who trade probably heard from the "guru" teachers and from "clever books" that "trading without stops is a direct route to failure".

But at the same time (those teachers don't say anything about it for some reason) SL (triggered) leads to a direct loss, even if the price moves in the direction we want(

So what are the trading ideas/options without SL, but with risk control (drawdowns, etc.)

Combination trading and trading on different accounts (competitive, for example) is too simple (clear, obvious), what are the other ways (approaches, methods, techniques)?

Interested in: MT4, MT5; within the same broker/DC

If the deposit allows you to average, then on a pullback, everything will close in the black.

In general, the stop loss is the panacea against drawdowns and over-exposure, because drawdowns are not always drawdowns, they may be the direct cause of loss. If the price moves away to another level, it cannot always return. The pound is an example of this, or the yen at 120.

 
Vitaly Muzichenko:

You can average, if the deposit allows it, then everything will close on a pullback, if uncle Kolya does not come sooner.

In general, the stop loss is the panacea against drawdowns and over-exposure, because drawdowns can not always be a drawdown, they can be the direct cause of loss. If the price moves away to another level, it cannot always return back, the pound is an example of that, or the yen at 120.

The averaging in pure form is even worse than the SL. It is possible to average several times, but then you have to do something.
 
Yuriy Asaulenko:

Actually, SL is completely unnecessary if:

2. the possibility of gaps is almost completely eliminated.

At least this point can be eliminated because SL will still execute at the gap price
 
Ibragim Dzhanaev:
Averaging in its pure form. is even worse than SL. You can average a few times, but then you have to do something.

well, i told you what to do =) (c)"then on a pullback everything will close on the upside.if uncle Kolya doesn't come quicker".

In general, when working with a normal lot any averaging is out of the question, except for shares on the motion. If you plan to work without stopping, then the lot is minimal, and in fact the output profit is the same.

That is why they don't recommend it by those who sell books or by the readers of those books, but by practicing traders, that the stop to profit should be no less than ./. And if you catch more than one stop, you will always cover with profit from next one deal. As a result you will close the month profitably.

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