Hi....Every body
I want to ask question for all trader, Is using stop loss the best way in your trading?
When I open position, i am never using stop loss but I am setting take profit in my mt4. Because in my mind that broker can manipulated chart, so I am scared to set stop loss.I am using ea to trade.
so what about you guys ?
I hope you response my question...
Thank You...
it depends on your strategy, i prefer to set stop loss and take profit
for being "SCARED" that means you don't accept loosing trades in my opinion don't let your emotion control your thinking in Forex
Since you are using an EA to trade, you can hide your SL from your broker, using a virtual SL or a DD% as an exit option.
But never trade without any sort of SL, unless:
- Your leverage is very very low
- You are a scalper, trading manually in front of the charts, and have an excellent control on your emotions, so that you don't hesitate to close a trade at loss when it is invalidated
If you are using a large percentage of your capital in trading , be careful.
Safe Trading,
There is no "one size fits all" in trading.
You will find winning traders who set stop losses... you will find losing traders who set stop losses.
You will find winning traders who don't set stop losses... you will find losing traders who don't set stop losses.
You need to find what works for you.
If you don't trust your broker - stop trading with them!
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I want to ask question for all trader, Is using stop loss the best way in your trading?
When I open position, i am never using stop loss but I am setting take profit in my mt4. Because in my mind that broker can manipulated chart, so I am scared to set stop loss.I am using ea to trade.
so what about you guys ?
I hope you response my question...
Thank You...