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Thread: Stop Loss Only

  1. #1
    Trader rinaji's Avatar
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    Stop Loss Only

    Hello all my fellow, this time I want to build a strategy, it is purely on the basis of the inspiration that I got from a content thread created by Value trader. But I forgot which thread is.

    I take an example: we made ​​10 trades, if 9 trades is ending with loss, Are impossible for us to change it into profit? As far as we still have a chance, we can still change the situation into profit. It is depends on our method in managing risk. If we put a stop loss 10 pips/ each trades, and take protit 100 pips. So the end result is, total loss + Total Profit = (9 * -10) + (1 * 100) = 10 pips profit.

    Compare the contrary, for example, we are a scalper, we take profit of 10 pips for each trade, and put a 100 pips stop loss. If we get 9 win trades of 10 transactions. Then the end of the results is: (1*-100) + (9*10) = -10 pips (loss).

    This is evidence that a high level of accuracy in the analysis is not a guarantee for profitable if we can not manage risk properly, in other words, is not able to set the ratio of risk: reward properly. 90% accuracy in analysis isn't mean profitable, and 10% accuracy in analysis isn't mean unprofitable.

    Okay, that is a simple logic of the system that I will build.

    Even so, I will start from zero, I will do a backtest for a few months back, or more than a year back, and then I will do a forward test.
    For a back test, I would not use the analysis at all, I just want to know the worst of this system, I just rely on the game of risk: reward ratio.
    Of course I would compare of 5 methods. So I will know which one is best, and what weaknesses and strengths of this system.


    It is my plan to build this system:
    1. Doing backtest in EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CHF, USD/CAD, and EUR/JPY.
    I would compare 5 methods of risk: reward ratio:
    - Stop Loss 25 pips : Take Profit unset. or trade using stop loss only, no take profit. But close all profit positions in the last week or last month.(My system)
    - Stop Loss unset : Take Profit 25 pips. or trade using take profit only, no stop loss, But close all loss positions in the last week or last month.
    - Stop Loss 25 pips : Take Profit 25 pips. or trade with 1:1 Risk Reward ratio
    - Stop Loss 25 pips : Take Profit 50 pips. or trade with 1:2 Risk Reward ratio
    - Stop Loss 50 pips : Take profit 25 pips. or trade with 2:1 RIsk Reward ratio.
    In the back test, I would just use grid trading, (using robots), so I'm not going to use market analysis.
    I use buy stop and sell stop orders, the distance of each order is 25 pips. I do not use order limit, just order stop. And the distance of the nearest pending order to the current price is 25 pips. And will always add new pending order if the price move 25 pips or more.
    Just see the picture...


    2. Doing forward test. Here I will determine the appropriate analysis strategies, and then do some testing, maybe I can change the method of analysis if I am still getting unsatisfactory results. Then If I've got a good and profitable system, then I will make a thread for this system, this is my journey in building strategy. A system with use stop loss only.

    Thank you

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    If you lose, be patient. If you win, stay humble

  2. #1331
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    Stop loss trading tool removes the fears of losing all your trading accounts at once and it gives you a lot more chances of starting to make good amount of money because you get to get out of the bad trades on time even before it moves so much against you, but when the stop loss is not there then it is going to wipe out your trading accounts even before you understands what you are doing. It is better to learn more about ways to keep our trading accounts safe than trying to get rich over night through using higher trading lots which are just means of losing huge amount of money too.

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  3. #1332
    Trader Toyen's Avatar
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    Quote Originally Posted by Penuelophir View Post
    Stop loss trading tool removes the fears of losing all your trading accounts at once and it gives you a lot more chances of starting to make good amount of money because you get to get out of the bad trades on time even before it moves so much against you, but when the stop loss is not there then it is going to wipe out your trading accounts even before you understands what you are doing. It is better to learn more about ways to keep our trading accounts safe than trying to get rich over night through using higher trading lots which are just means of losing huge amount of money too.
    I like to trade with the stop loss, there are many reasons for that. Some of those reasons are the ones you had said, it will eliminate fear in our trading and bring about the high confidence, that is a good side for trading. To trade the market is never the bad idea, only that we will need to be so careful, so that we will trade the market politely with good strategy and likewise use the stop loss.

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  4. #1333
    Trader Sixteen's Avatar
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    Stop loss is a strong representation of good money management and every serious trader who wants to become successful must understand how to apply stop loss in forex and build a high quality trade that will give them the chance to earn successfully. With loss management we can be able to handle loss and we can of course have the ability to build a better trade. Stop loss is good and if we can focus on the best management, it's really going to be for our own good.

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  5. #1334
    Trader ola4real's Avatar
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    Quote Originally Posted by Toyen View Post
    I like to trade with the stop loss, there are many reasons for that. Some of those reasons are the ones you had said, it will eliminate fear in our trading and bring about the high confidence, that is a good side for trading. To trade the market is never the bad idea, only that we will need to be so careful, so that we will trade the market politely with good strategy and likewise use the stop loss.
    I like to trade forex field with the stop loss, the stop loss is not a bad tool, this is the forex trading tool who will never let is lose more than what we can bear, that makes the stop loss to be important for every trader who can trade it correctly. To trade with stop loss goes with the way the trader is making his plans too, the stop loss needs to be used correctly, else, it will not work fine.

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  6. #1335
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    It is true and very cool way through we are safe in this market and we have a profitable trade system as well , stoploss only means that we are using the best trade ideas to make our plan very well , if we learn how to use risk management we simply get success from this market and we develop better system to trade .

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  7. #1336
    Trader Senorita's Avatar
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    Stop loss will always be the right way to further manage our capital because such will enable us to manage risk and be opportune to build up a winning trade. Stop loss is important here and every trader does everything possible to see they can limit loss and increase their chances to which they can get to earn good. Loss should be managed and its what we should build up great trade for.

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  8. #1337
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    Trading without stop loss is the most poor means or methods of trading the forex market and it is one of the sure ways through which we can lose everything in our trading account without wasting much time and it is one o the sure ways of which we can earn nothing on the longer term from the field of forex trading business. It is a very brave mistake trying to trade the forex market with making sure that we have good money management in place as to be able to stay well protected at the end of the trade.

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  9. #1338
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    Quote Originally Posted by ola4real View Post
    I like to trade forex field with the stop loss, the stop loss is not a bad tool, this is the forex trading tool who will never let is lose more than what we can bear, that makes the stop loss to be important for every trader who can trade it correctly. To trade with stop loss goes with the way the trader is making his plans too, the stop loss needs to be used correctly, else, it will not work fine.
    You are doing the right thing by acknowledging to be trading the market with the use of stop loss. The stop loss is very good for trading, this is what will manage our risk at all the times we are trading the market. To trade with the use of stop loss is very easy and i know that the traders that wants to trade for long time will always use their stop loss.

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  10. #1339
    Trader Toyen's Avatar
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    Quote Originally Posted by ajagbeolegba View Post
    You are doing the right thing by acknowledging to be trading the market with the use of stop loss. The stop loss is very good for trading, this is what will manage our risk at all the times we are trading the market. To trade with the use of stop loss is very easy and i know that the traders that wants to trade for long time will always use their stop loss.
    I know that the use of the stop loss is so good, the stop loss will not let us to be losing what we do not plan to lose. There are so many traders that are trading carelessly, even at that when they use the stop loss, they will give the market a strong fight. But in the moment the trader stops using the stop loss, no matter how strong his strategy can be, the trader will fail.

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  11. #1340
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    In this market a trader will get good results and always safe in this market only if we use a good risk management , good learning and good efforts will give trader good chances of wining and our trade system is also going to be successful we all have to learning about the valid way of money and risk management to make solid plan for earning money .

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