setting your stoploss
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I hope we will keep this forum useful with professional postings instead of uncouth statements. Although I may not fully follow the highly technical debate, I think those who are taking time to participate in the topic are making an effort to contribute to the benefit of others. If we find a topic irrelevant to our needs, just move on. Time is precious.
- bredin
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It just goes to show that logic is a wonderful thing, but its no substitute for actual thought.
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Michel,
You're EXACTLY right. If we assume for a moment that our stop-loss was infinite (i.e. infinite margin), then it is only a matter of time for a trade to swing back into profit before you close it, even if you were to scalp it a pip at a time, therby increasing the number of winning trades close to 100%, if not 100% itself!
Of course, infinite stop-loss requires infinite margin too. But I think with adequate capitalization and small trade sizes for that capitalization could simulate this infinite stop-loss/margin requirement, simply on the basis that the value/pip is so small that it would take a massive multi-thousand pip drop before it is hit, a probability so low that the world itself would come crashing down too, which in that case losing your $2,000 balance is the last of your worries.
You're EXACTLY right. If we assume for a moment that our stop-loss was infinite (i.e. infinite margin), then it is only a matter of time for a trade to swing back into profit before you close it, even if you were to scalp it a pip at a time, therby increasing the number of winning trades close to 100%, if not 100% itself!
Of course, infinite stop-loss requires infinite margin too. But I think with adequate capitalization and small trade sizes for that capitalization could simulate this infinite stop-loss/margin requirement, simply on the basis that the value/pip is so small that it would take a massive multi-thousand pip drop before it is hit, a probability so low that the world itself would come crashing down too, which in that case losing your $2,000 balance is the last of your worries.
- TheRumpledOne
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