Forex Stops

Discussion in 'Forex' started by Rashid_G., Mar 18, 2015.

  1. doggyfx

    doggyfx

    Increase SL reduce lot size proportionally. Less profit - more power to sustain negative moves.
    If you lose too much on stops hunted then it's the only reasonable workaround I see there.
    My 2 cents.
    Cheers.
     
    #11     Mar 22, 2015
  2. If you reduce size proportionally results will stay the same.. maybe even decline, the only benefit being psychological. I think size doesn't need to go down (at least not proportionally) "assuming" expectancy INCREASES.. Mathematically $ risk will go up PER trade.
     
    #12     Mar 22, 2015
  3. So knowing your expectancy is really key... Hard to do unless you are a very disciplined trader.. (to get reliable data to derive expectancy).. Don't know mine at this point...
     
    #13     Mar 22, 2015
  4. doggyfx

    doggyfx


    Guess you know what is a bad ticks or poor candlestick tails and how easily it can catch on your SL. They don't indicate trends nor carry other valuable market information, their only purpose it to trigger SL and profit from it. If you equity is not too big, the only way to struggle with that bad ticks is to reduce lot size and widen SL. After got burned on news trading some times, because of that tricky movements, I give additional stretch to my positions on Hotforex, simply reducing lot size. Now I get smaller profits but winning trades started to grow.
     
    #14     Mar 27, 2015
  5. that can be a good way to look at it!! still setting your SL is based on different things!! some traders i believe dont even use SL which can be scary! i put it at a decent number, on an amount that is not too painful to lose :)
     
    #15     May 7, 2015
  6. mess7777

    mess7777

    What do you mean by having to make 8 a year to BE. I understand that 2 is 8% of 25, but I don't understand how this fits in to being BE on the year. Doesn't win/loss ratio and R:R heavily impact the significance of the losses as well?

    It is probably very obvious, but I am somehow missing it.
     
    #16     May 7, 2015
  7. WWarrior

    WWarrior

    yeah I think hes talking about a 1 to 1 risk reward, I don't trade 1 to 1 and you shouldnt either
     
    #17     May 8, 2015