About the feet (for the first time) - page 7

 
Urain:

The best stop is the one that didn't go off. This is the first priority in writing the TS.

The smaller the stop, the better is the second priority.

If the TS satisfies both conditions, then it's good.


Either you're joking, or (more likely) you just don't know what you're talking about.

 
Urain:

The best stop is the one that has not triggered. This is the first priority in writing the TS.

The less stop the better, that's the second priority.

If the TS meets both conditions, then it's great.

Highlighted I would say so:

The smaller the stop and the bigger the profit, the better is the second priority. Otherwise the sense is lost.

 
joo:

Highlighted I would say so:

The smaller the stop and the bigger the profit the better - that's the second priority. Otherwise the point is lost.

Where? On history?
 
Poushkine:
Where? In history?
No, in the present. Neither in the past nor in the future I know how to put my feet up.
 
joo:
No, in the present. Neither in the past nor in the future can I exhibit footsteps.

It's eerily interesting how you set foot in the present without knowing the past or the future... The present is just a point between the vulgar and the future... Can you read the future?

 
Poushkine:

There. That's what I'm saying - what's the best stop?


The one at breakeven. And it's not just placed for no reason, but with meaning and with a specific purpose.
 
AlexeyFX:

Which stands at breakeven. And it's not just put there for no reason, but with meaning and with a purpose.



That's right. And that's the kind of pornography that's in any schoolbook.

For "certain" purposes. Oh, man.

 
Poushkine:



And that's the kind of pornography that's in every textbook.

For "certain" purposes. Wow.


The objectives may be different. For me - in order to open the next deal, if it's coming, without breaching the MM. What is the textbook? It seems to be written everywhere that the stop should just be there. There is no explanation of why it should be there. It doesn't say anything about Take Profit, which is why it is not usually set and why it usually triggers a stop.
 
Poushkine:

...Can you read the future?

No, but I can read the past.
 
Poushkine:


Either you're kidding, or (which is more likely) you just don't know what you're talking about.

I'm talking about processing trade statistics. This is what you use to judge which strategy is better and which is worse.

If statistics says that stops are beaten more often than profits (meaning stops as an emergency exit with a loss). Then the second priority is not so important.

Of course without knowing how to change the situation you can increase the stops and they will hit less often. But this is a vicious path.

If the first priority is violated, this is a signal that the entry point is selected poorly. And we should modify our TS in this direction, not to roll stops.

Setting of stops is the final polishing of TS for the adaptation for real trading. In general, the TS on the demo should work without stops and Take Profit.

Because the market does not care where your stops are. And you have to follow the market trends, not the "I want 200 pips a day, and I don't care" approach.

Reason: