Trade with or without a stop loss!

Trading plan is the most important thing, so you'll know when to enter and exit the market even before you open a position.
If we have a good trading plan, then no need to worry about any barriers that may occur.

never use SL, before I entry market, I look at the chart 4 Hour time frame, I opened in extreme price only, one month only twice trading, I did not use SL because I use capital defence as 1000 pips floating. I implemented MEDIAN GRID strategy by Dr. Forex, profitable, but must be patient, because profit usually around 2-3 days, even 1 week after enter market.

I never use SL, before I entry market, I look at the chart 4 Hour time frame, I opened in extreme prices only, one month only twice trading, I did not use SL because I use capital defence as 1000 pips floating. I implemented MEDIAN GRID strategy by Dr. Forex, profitable, but must be patient, because profit usually around 2-3 days, even 1 week after enter market.

Money management for you well I think without the use of SL is not too big a rually around 2-3 days, even 1 week after enter market.isk as long as you discipline to cut losses when you have a plot mines

Do you know what was the price of eurusd at around 2-3 months back? it was around 1.2800 and if you have did sell at that time then it gone 2000 pips up and u may have got margin call, look at the history you will find the importance of stop loss

This is a point Ihzrna of the experts always say you always put almond Estub so as not to drift behind the loss and your feelings when you say the price will come back and he will not come back and thus lose more

I also use trading strategy persist, check for lowest or highest price with TF4H, but I didn't OP twice per month only, perhaps my trading op 2-3 times per week. And I think this strategy more profitable than I used before

Trading without stop loss and take profit is just like a lucky based trading system.
Although any trading system such as hedging, averaging, counter trend, etc do not need to set stop loss. Some traders do not set stoploss but would close the order according to change of the signal.

your point is correct but i would not watch this 2000 pips going against my target diriction without no action. for that expert traders invented heidges and they benifit of the correction all currency make before it go 2000 pips

@ free_onlinecash, : I do not know what you are saying here. A pair cannot move 2000 pips within a short while. It will take months before it attains that. That is why position traders are able to hold trades for many months and their SL will not be hit.

Hi Yuventius...

Lets say your capital is $100 and you risk 10% of your capital or $10. To make capital defence $10/1000 = 0.01, so you open position with 0.01 lot. In one month you only make twice trading. If you can make 100 points per trade then your profit is $1 x 2 = $2.

Or you maybe risk 100% of your capital, $100/1000 = 0.1
If you can make 100 points per trade then your profit per month is 0.1 lot x 100 points x 2 = $200. This one is pretty much, but who can guarantee that there are no movement 1000 points without comeback once a month?

we should be able to anticipate the price of the pair that we traded ..
and try to reduce the possibility of the worst in our capital with a good-mm ..

stop loss is the part of the system and if you prefer no to use the stop loss it not a problem you know what are you doing......but for me personally we must use it to protect our margin.....

If you can wait long time to get your target, you cna do this.
But if you can't, making small profits continuously will be better strategy, and for this, stop loss is very important.

Stop loss is useful to controll any order and can be set automatically while you open or only some hours later depending in your method used by your trading style.