"No Stop" Forex Trading?

Quote from MGJ:

Have a look at Wealth-Lab and other places where lots of mechanical trading systems are measured. You'll find an entire category of systems that don't use stops; often they are described as "Market Orders Only" types of systems.

The simplest example is a Channel Breakout Pure Reversal System which trades on the next day's open. Something like:
Code: 
If(today's high > Highest(High, 50)) then
     Reverse to long on tomorrow's open
 
If(today's low < Lowest(Low,50)) then
     Reverse to short on tomorrow's open
There it is: no stops. Market Orders Only. Simple and obvious.
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thanks...what is the wealth-Lab website???????
 
Quote from increasenow:

"No Stop" Forex Trading?...been hearing a lot about this?...anyone do it?...could it be the best way to make money trading Forex? instead of being stopped out...
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so is the new "official" journal

"The EXTREME NO STOP NON STOP FREE FOR ALL FOREX FUGITABOUTIT MASSIVE EXTREMENESS "

you know i am in young CAT :cool:


really PUMPED!!!!!!!!!!!!!!! to see how this one ends up

This sounds like the best plan you have had so far.

Its nice to see what 4400 posts and 4 years leads to.

I sincerely think you have something GREAT!!!!!!!!!!!! here

after all it will always come back to your price, so why the hell not


AMAZING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Quote from increasenow:

thanks...what is the wealth-Lab website???????
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See if you can find it using internet search engines. I'll check this thread next month -- if you haven't found it by then, post an "I can't seem to find Wealth-Lab" message & I'll post the URL.
 
Quote from MGJ:

See if you can find it using internet search engines. I'll check this thread next month -- if you haven't found it by then, post an "I can't seem to find Wealth-Lab" message & I'll post the URL.
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why not just post it here for all to see?...thanks in advance
 
Beautiful..... Great Post.... I'm really touched, just knowing there are thoughtful, caring traders out there to help a "struggling trader" {{{{{{{ FIND A WEB SITE }}}}}}}

Good Trading
<*)))><
 
Never trade without stop loss! In October 2008 the GBP/USD went down 1000 pips in one day! Which brave trader will stand such blow to hi account!!!!
 
thats why not a single system without stops has made it far, let aside made it through such periods ;-)

simple as that!!


Quote from Peter35:

Never trade without stop loss! In October 2008 the GBP/USD went down 1000 pips in one day! Which brave trader will stand such blow to hi account!!!!
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Warren Buffet speculated on the forex market couple years ago and he didn't use any stop loss. He called it quit after he lost one billion dollars.
 
All this talk about no stop forex trading is funny, If you shorted the USD/CHF this week you would have most likely blown out your account after the gains it had yesterday. set stoploss's at resistance levels on the chart and you should be fine.
 
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