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How to Trade without Stops!!!!

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  • How to Trade without Stops!!!!

    Have been doing an extensive research on how to trade without stoplosses and still be very profitable. I mean letting your losses run and still come out profitable on the long run. The secret to making this work is simply by pairing only very strong currencies together or very weak currencies together..

    Weak vs. Weak

    or

    Strong vs. Strong

    and not

    Weak vs. Strong or Strong vs. Weak

    From my findings, two extreme currencies (like weak vs. strong) causes too much volatility which we don't want to happen on the long run.

    Hopeful this will help you make better decisions in choosing the right currency

  • #2
    what time frame are u using?

    Comment


    • #3
      Originally posted by jsonc View Post
      what time frame are u using?
      I used 4hr timeframe.

      Comment


      • #4
        Interesting idea but I thought that we were always trading weak vs strong else there is no movement. I hope that I am not just being pedantic.

        Do you have any examples?

        Freddie

        Comment


        • #5
          Originally posted by Freddie View Post
          Interesting idea but I thought that we were always trading weak vs strong else there is no movement. I hope that I am not just being pedantic.

          Do you have any examples?

          Freddie
          Trading Weak vs. Strong Currencies leads to really strong trends and thats what you definitely want when trading with a trend following system "TREND IS YOUR FRIEND". And honestly, most systems in the market are trend following.

          But when trading without stoploss we need currency pairs with a very small daily, monthly and yearly pip range.

          The theory behind this style of trading is "Prices will always revisit previous places"

          Comment


          • #6
            Best solution to loose capital
            The 1% loosing trade will devasted your capital

            Comment


            • #7
              Ain't this risky if something like Greece fallout happens? How do you quantify the risks if you don't put a stoploss? And won't you miss future opportunities by placing a trade and sitting on it?

              Comment


              • #8
                Hi osaze,

                What is the definition of strong and weak?
                Is there any parameter to decide which one is strong or weak?

                thanks,
                Anton


                Originally posted by osaze View Post
                Have been doing an extensive research on how to trade without stoplosses and still be very profitable. I mean letting your losses run and still come out profitable on the long run. The secret to making this work is simply by pairing only very strong currencies together or very weak currencies together..

                Weak vs. Weak

                or

                Strong vs. Strong

                and not

                Weak vs. Strong or Strong vs. Weak

                From my findings, two extreme currencies (like weak vs. strong) causes too much volatility which we don't want to happen on the long run.

                Hopeful this will help you make better decisions in choosing the right currency

                Comment


                • #9
                  Not sure whether I could handle the potential drawdown. Sounds like a 'test your nerves' strategy. However I might be wrong:-)

                  Comment


                  • #10
                    The problem with this method is that you must have an extensive trading balance and this method does not work. Don Stinitz, the infamous forex con artist tells people this same thing and sells his no loss EA. in 2007, Don entered his no loss EA in the trading championship and told everyone to watch how it will amaze everyone. At the end of the contest Don lost over 50% of his balance and ended up in 238th place.

                    Link to Don's contest results:
                    http://championship.mql4.com/2007/users/Steinitz/
                    Last edited by David; 26-09-10, 11:00.

                    Comment


                    • #11
                      Originally posted by osaze View Post
                      Have been doing an extensive research on how to trade without stoplosses and still be very profitable. I mean letting your losses run and still come out profitable on the long run. The secret to making this work is simply by pairing only very strong currencies together or very weak currencies together....
                      The research you have done Osaze: How much unoptimised data have you walked the system forward through?

                      I would expect that weak vs weak (or strong vs strong) currency pairs would reduce volatility, with reduced movement in both directions up-down.
                      But you seem to be saying that directional movement between the pair is selectively changed in favour of one currency over the other. This seems a difficult thing to achieve. Are you trading a directionally neutral system using pairs expected to cancel out each others moves?

                      Comment


                      • #12
                        Best solution to loose capital
                        The 1% loosing trade will devasted your capital

                        Comment


                        • #13
                          How does this work?. Any further details or case study?

                          I entered a position of 1.2 lots of AUDUSD.. these are 2 strong currencies right?
                          That was a sell at about 0.93

                          I is reaching about 99c .. all time high..

                          I am down about $6K on my 10k account.
                          I lost another 2K trying to scalp.

                          I'm left with another 2k of free margin.
                          If it goes higher than parity I will get margin call and lose everything..


                          this expereince has taugt me only 1 thing.. Stop losses are a MUST.?

                          Should I still ride out the losing trades?

                          Comment


                          • #14
                            Hi, try to learn Steve Candle charts courses first before trading without stops. Trading without stops is not recommended

                            Comment


                            • #15
                              Trading without stop loss is suicidal.
                              It's guaranteed that such a person will loose his account at one point of time.
                              Ahh!!! you can trade without stop loss if you monitor your account 24X5

                              Comment

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