No stop loss forex strategy. Forex can be traded without a stop loss, while still using proper risk management, through the use of hedging. Stop and limit orders are therefore crucial strategies for forex Sep 12, 2023 · So it is essential to set a stop loss level to avoid holding a losing position forever. No, they simply look up the stats traders that don’t use a stop loss and they see just how horrible they perform. By identifying the trend, setting entry and exit points, managing risk, and sticking to the plan, beginners can increase their chances of success. Jul 26, 2015 · This forex trading strategy is a variation of the floor traders Forex Trading method but with a slight twist: you do not place a stop loss initially when you enter a trade. Copy trading provides a useful way for beginner level traders to learn from experienced Apr 16, 2024 · The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction. The one-hour forex strategy focuses, as the name suggests, on a 60-minute timeframe for All profit opportunities in global markets carry a certain amount of risk, and the Forex market is no different in this regard. 1850 means that if the price climbs to 1. Stop Loss. This means that the strategy exits a trade when the stop loss (SL) is hit OR when the profit target (PT) is hit. Automatic Money manager. This strategy works well in market without May 2, 2024 · The trading hours for AUDUSD is 24/7, just like the forex market, the AUDUSD trading pair is active non-stop from Monday through Friday. Aug 20, 2020 · Before moving on to specific methods, there are two important essential components of any viable no stop-loss strategy for Forex. Copy trading provides a useful way for beginner level traders to learn from experienced May 7, 2024 · Moving averages are a frequently used technical indicator in forex trading, especially over 10, 50, 100, and 200 day periods. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Even if you are stubborn, just demo trade your imaginary strategy w/h a stop loss and see how it goes. Let’s discuss strategies in this context: First Strategy. Say, for example, that you’re selling 10 Gold (per 1) CFDs at 1,700 and you’ve decided that your maximum loss is $200. Instead, traders rely on other methods of risk management or wait for the market to move back in their favor. May 5, 2023 · By taking these factors into account, one can set more effective stop-loss orders. M5. Features. 2 Types of No Loss Forex Hedging Strategies. Keep a portion of your funds in cash, trade the remainder on margin, and do so with a hedging Aug 9, 2023 · Advantages of the No Loss Renko Strategy. Risk management is a critical aspect of any forex trading strategy. Forex Hedging Grid Strategy. Apr 25, 2019 · Stop loss is a terrible thing. This way, even if the market moves against you, your position will not be closed immediately. In that case, you would lose four times as much as expected. Oct 22, 2013 · The stop and profit levels will depend on risk limits and that’s part of a basic money management plan. When market volatility accelerates, these stop-loss orders are easily stopped out, depriving the beginner of riding the trend. My course link - https://www. Forex trading involves significant risk of loss and is not suitable for all investors. ly/3oaqAsl My flagship programme (6 strategies, signals, support & communi Jan 1, 2022 · Leverage in Forex Markets . Disclaimer: I’ve never tested this trading strategy and on face value by going over historical data, it does look make sense and look appealing. We will discuss the implications of doing so and finish off with a better, more strategic approach to managing risk as a Forex trader. Everywhere you turn in the Forex market there seems to be talk of moving stop losses to Apr 17, 2023 · Instead of placing your stop loss order at a specific price level, you can use a wider range. ADVANTAGES: Advanced market entry filter. A loss. Forex trading can be conducted without the need for a stop loss, all the while ensuring effective risk management by employing hedging forex stop loss strategy. Mar 8, 2024 · In reality, most trading strategies work best on one or two timeframes. Now, this is the idea: When you enter a trade based on the floor traders forex trading strategy, the only thing that you do is not to place a stop loss initially. Dec 22, 2023 · Find out the how to trade Forex without a stop-loss, using the no stop-loss forex trading strategy. By mastering the art of setting stop losses, you can effectively manage risk, maintain discipline, and ensure that your trading journey is Nov 2, 2023 · Step 5: Set Stop-Loss and Take-Profit Levels. Jun 26, 2024 · Online brokers are constantly on the lookout for ways to limit investor losses. Scalping forex strategies are designed to capture micro-market movements within a short period. Trading without a stop loss is really dangerous in my opinion so do not try this no stop loss forex system with a live trading account. One of the latest Forex trading strategies to be used is the 50-pips a day Forex strategy which leverages the early market move of certain highly liquid currency pairs. This strategy uses 5 kinds of indicators: 1. Putting tight stop losses with retail brokers is a recipe for disaster. Jun 14, 2022 · I Tested a Simple Trading Strategy WITHOUT Stop Loss | Unexpected Results 😲What if we trade forex without a stop loss? In Today’s video, we will test a free Mar 21, 2022 · Free webinar - elevate your trading using algorithmic strategies https://bit. Its most dynamic activity occurs during the overlap of the Asian/Australian and North American markets when multiple time zones come together to stimulate increased trading action. Final Words – Forex Basket Trading Strategy. But is a stop loss always necessary? Certainly not. Jul 4, 2016 · If you are stuck with a trading platform that doesn’t have a stop loss option, there is a way to go around it. 3235 to automatically close it and limit your losses. Each second, the Robot analyzes the price behavior on the chart and determines the optimal entry points using the built-in algorithm, letting you know when you need to open a trade and when to close it to take profits. com/courses/432691Smart money concept is a trading strategy that involves monitoring the actions of large inst Jan 19, 2024 · For example, suppose that ABC Company's stock is trading at $50. Fixed-pip stop loss: The fixed-pip stop loss strategy involves setting a stop loss order a fixed number of pips away from the entry price. 1145, that means that once Nov 6, 2023 · A no-loss forex trading strategy is a strategy that aims to eliminate the possibility of losses. com, a trading forum run by professional traders. This scalping Forex strategy involves identifying an opportunity, opening a position, aiming to gain a few pips and then closing the position. Below are five strategies to apply in your forex trading when placing stop loss orders: 1. You will place a stop loss later when the market/price moves in the direction you anticipated. 2. Many traders rely on stop-losses, which aren’t always effective and can often lead to failure, especially for day traders. Range trading includes identifying support and resistance points whereby traders will place trades around these key levels. Yes, perhaps sl a necessary thing, if you are just starting to trade and are afraid of big losses. We’ve touched on where stop-loss placement is recommended for different strategies but on the whole, it all comes down to your risk tolerance. Jun 2, 2022 · With forex traders employing ample leverage, relatively small moves in currency markets can generate large profits or losses. Standard stops work in the way we've outlined above. Another risk in scalp trading is not being able to close your position in time to meet your planned stop-loss limit. Traders can set forex stops at a static price with the How to come up with a Forex no loss trading strategy. The ones to hold on to these hopes, most of the time, are the beginners making the mistakes of early their Forex trading careers. But first, here are some of the arguments against using stop losses. The first strategy is known as the 'Pin Bar Trading Strategy Stop loss Placement'. There are some valid arguments for trading without a Stop Loss. The idea is simple. Oct 14, 2023 · The 50 Pips a Day Forex Strategy is a beginner-friendly trading strategy that focuses on making small, consistent profits in the forex market. Most scalping forex strategies require you to target a few pips (usually less than 10) in 15 minutes or less. Nov 24, 2023 · As you know where the stop-loss should be placed initially, we can now take a closer look at other stop-loss strategies you can apply as soon as the market starts moving in the intended direction. Stop Losses. International tradings require foreign currency exchange. False promises such as ‘get rich quick’ or ‘guaranteed high profit. While the trade has a very low maximum loss (20 pips), which might seem like a plus, the chances of it finishing in profit are extremely low. Stop-loss orders can sometimes make a trade order restrictive, which could eventually lead traders to get out of a trade prematurely due to a false market signal. How to Copy Trade With MetaTrader. Depending on the type of trading and investment goals, traders can adopt and even create different hedge strategies in forex. Percentage-Based Stop Loss: This strategy involves setting the stop loss as a percentage of the trader’s account balance or the total value of the trade. Hedging in forex involves opening two positions on the same currency pair to reduce the risk of losses in one of the positions. Attaching stop-loss orders automates your exit by closing a trade if the market moves against you by a pre-set amount. If the market moves very quickly, it may overrun that stop-loss point, perhaps even resulting in a 20-pip loss. 99, so they can hold onto the shares Mar 29, 2024 · So that's the reality of no-loss hedging strategies. Apr 12, 2023 · By setting a stop loss order, traders can avoid emotional decision-making and stick to their trading plan. In the forex market, hedging and stop-loss are both risk management techniques used to minimize potential losses. Therefore, the best way to start implementing a trailing stop is to get data on your current trading strategy without a trailing stop. They rely on the no-stop loss forex trading strategy, and some of the traders succeed, and some don’t. No Loss forex Hedging Strategy and work with the open orders and open position orders to get opportunities to enter and exit trading. A Flawed Stop Loss Strategy. Stop loss FX trading strategy might be exactly what you have been looking for. There are three main types of stop loss: standard, guaranteed and trailing. For each trade, the trading strategy only has two possible outcomes: A profit. vivekmalikacademy. Put it and it will work in 99% of cases. For example, a scalper might watch a Jan 4, 2024 · Trailing Stop-Loss Strategies. Recommends first testing no stop-loss fx trading strategy in a demo account. Copy trading provides a useful way for beginner level traders to learn from experienced Mar 13, 2023 · There are three main types of forex trading strategies. Trading without a stop-loss is actually vulnerable so don’t try utilizing this strategy with a live forex trading account. If the 20% threshold is where you are You only want to lose a maximum of 25 pips from your trade – so you set a stop loss at 1. Mar 4, 2024 · While stop loss limit orders are less common in the forex retail setting, a limit order means the stop loss will only fill if the price available at the time of the order is within a specific band. Scalping Strategies. Jan 30, 2022 · Good Profit No Loss EA is an automated forex robot based on a NON-Repaint indicator called “MOSTAPHA NO LOSS V2” (Included). Finally, we will look specifically at how trailing stops can boost the efficacy of a stop-loss Forex strategy. One common risk management technique used in Forex trading is the use of stop loss orders, which allow traders to automatically exit a position if the price moves against them beyond a certain point. Strategy 1: Average True Range (ATR) The Average True Range (ATR) trailing stop strategy is one of the best trailing stop-loss strategies and is very popular among traders. Apr 21, 2024 · Stop orders are useful for any trading strategy in mitigating the risk of a bad trade turning into runaway losses. Jul 6, 2022 · If you want to try out trading without placing a limit on your losses, in the following guide we will explain how to trade Forex without a stop-loss order, and what strategies you need to use if you plan to have a successful trading session. 50-Pips a Day Forex Strategy. Therefore, I don't like it. It suggests that by following specific rules or techniques, traders can avoid losing money in their forex trades. This strategy shows you only the entry signal with 1. Stop Losses are a definitive statement that a specific trade has failed. This comprehensive guide explores the fundamentals of no loss forex trading, delves into various strategies that seasoned traders adopt, and sheds light on the tools and practices that can make this ambitious goal a reality. Thus, stop-losses might be very detrimental to a strategy unless you set a very wide stop-loss. Guide to Utilizing a No Stop-loss Trading Strategy in Forex. With hedging however, it can truly be used on all timeframes because it's a framework and not a strict set of trading rules. Let’s use a real-world example of a forex pair to illustrate this stop-loss order type. The No Loss Renko Strategy offers several advantages that have contributed to its popularity among traders: Risk Management: By design, the strategy prioritizes risk management, ensuring that potential losses are minimized through disciplined stop-loss placement. The Forex hedging grid strategy can be automated to stay away from any pain of pricing the trades manually. Broker demo accounts are a shill game of sorts. By placing a stop loss you are telling your dealer where you are planning to exit the trade If you had shorted ABC index, then you would place your take profit 50 points below the current price at 4200, and your stop loss 25 points above it at 4275. Note: You can open a free demo account with Mitrade and use the technical analysis tools to practice your trading strategies without risks. In order to use stops to your advantage, you must know what kind of trader you Many beginners tend to set stop-loss orders using a fixed amount like 20 or 25 pips below their entry point. When you put on a trade, commit to a reasonable stop-loss limit that allows your trade a fair chance to develop. Test Results Simulation #1. Sep 13, 2023 · Setting Stop Loss: Strategies and Examples Example 1: EUR/USD Long Position: Example 2: GBP/JPY Short Position: Setting stop loss orders is a fundamental aspect of responsible and successful forex trading. This is a legitimate concern when you use stop May 1, 2024 · The No Loss Forex Hedging Strategy aims to minimize the risk of loss while allowing winners to run. Many traders complain about their stop loss getting triggered prematurely. Aug 9, 2023 · Why use a trailing stop loss strategy? A trailing stop loss strategy is a great way to maximize your profits and prevent excessive losses. ’ Once all of these boxes have been ticked, create a demo account to test an EA’s performance, or start a micro/nano account with small deposits. Your trailing-stop order Dec 2, 2022 · My hedging trading strategy in Forex. Other strategies might result in higher profits but tend to require more analysis and monitoring. Forex Hedging Strategy without using stop loss. 0830. Mar 31, 2024 · In reality, there's no one best trailing stop loss strategy for everyone. Now, we’re going to show you one forex hedging strategy that uses multiple currencies to hedge. In this lesson, you will learn why it never makes sense to move your stop loss to breakeven. Oct 25, 2023 · Best trailing stop-loss strategy When it comes to where to place your trailing stop loss order, the key is to give your position room to breathe without taking on too much risk. Here are some factors to consider when setting a stop loss order: Jul 27, 2020 · Zeal Capital Market (Seychelles) Limited is a financial institution specializing in providing multi-asset trading services including currencies (foreign exchange, forex or FX), commodities, indices and shares to institutional and retail investors, and is mainly compensated for its broking services through bid/ask price differences (spread) and/or commissions. Also, positively correlated pairs, viz - AUDUSD & NZDUSD, were traded t May 2, 2023 · But that’s what the stop loss is there for, to protect you against too much loss. Less often discussed is the common issues faced by traders when using a Stop Loss. And rarely use. 5 x ATR for Stop Loss and 1 x ATR for Taking Profit. They are covered below. With a grid forex strategy, you place many trades without a take-profit or stop-loss and, instead of focusing on a single trade, you focus on the validity of the price range you cover. The Forex 1 minute scalping strategy is a good starting point for Forex beginners, as it is quite a simple strategy to follow. Nov 21, 2023 · Risk management is a fundamental aspect of any trading strategy, and the breakout strategy is no exception. Placing a 50-pip trailing stop on EUR/USD after buying it at 1. Learn how to place Stop Loss on free real account with 30 USD from XM Stop Loss Strategy: Conclusion. If you want to use a Forex hedging strategy with a US Forex broker, it’s not possible. Types of stop loss Mar 16, 2024 · Brokers and institutions don’t “hunt” your stop loss, however, avoiding high-impact news and placing the right stop loss depending on the market condition can help you stay on the trade longer Always put your stop loss at a technical level, such as placing it below support or above resistance, beyond your trend line, or when your chart HOW THE FLOOR TRADER’S METHOD WITH NO INITIAL STOP LOSS WORKS. While there are many ways to keep risks under control and limit risks, one of the most effective and most widely used are stop-loss orders. The traders who win consistently in the markets are emotionally intelligent; also, they spent Trailing stop loss example. . 0* with RAW Pricing** ¹ Based on client assets per the 2022 monthly Retail Forex Obligation reports published by the CFTC. No. Dec 12, 2022 · With City Index, you can choose to set your standard stop at a designated level, points of loss or loss in your base currency. In my opinion, it is FAR easier to hedge manually and not rely on an automated trading program. Stop-loss orders should be placed below support levels for long trades and above resistance levels for short trades. 8. Kijunsen for Baseline; 3. The benefit of a grid trading system is that you can get your return on investment even when the market is volatile. Its just an idea that if you know how to code an MT4 expert advisor, you can follow the trading rules below and see if its profitable in the long term or not. Every investor can make them a part of their investment strategy. Say you set a stop-loss of five pips. Hide your stop loss: Another way to protect yourself from stop loss hunting is to hide your stop loss order from the market. Firstly, a trader must regularly monitor the latest developments on the Foreign Exchange market, otherwise, he or she might miss some critical price movements, which can easily lead to severe losses and ignored May 15, 2022 · Selling Rules of The Forex Floor Traders Method Strategy With No Stop Loss. Then, we will examine some of the rules and potential snags surrounding stop-loss strategies. No stop loss was used. Setting Static Stops. Mar 26, 2024 · Appears complex and illogical at first: Commonly, people are familiar with placing one trade based on their predictions, using a stop-loss and a take-profit order. 1150 and a limit of 1. Examples of Placing Stop-Loss Strategies. Many traders might place their stop losses below $50, say, at $49. If risking 1%, that means they have risked 1/100 of their account. Jul 3, 2017 · Reasons for not using stop losses in forex. The strategy’s popularity 5. 1850. Feb 27, 2024 · This will only occur when the price reaches the first take profit and 50% buy trade is closed, the remaining 50% will be closed either on the second take profit or the trailing stop loss. Setting stop-loss and take-profit levels helps protect your capital and lock in profits. For example, if you buy the EURUSD at 1. No Stop Loss to Trigger. When traders use a no stop-loss trading strategy, they rely on actual market conditions rather than the fixed stop-loss levels to make any exit or entry decisions, improving transparency between the trader and forex market. Demo Accounts. I started each run at price level 1. However, they operate in different ways. Continuing our EUR/USD example, a trailing stop loss set 30 points away would’ve kept your position open even if the market rises back to 1. I. Setting a forex stop loss requires careful consideration of a trader’s risk tolerance, trading strategy, and market conditions. Jun 14, 2024 · Stop-loss orders are used to limit loss or lock in profit on existing positions. Range Trading Strategy. 6. 3285. Apr 17, 2022 · Always using a protective stop loss—a strategy designed to protect existing gains or thwart further losses by means of a stop-loss order or limit order—is an effective way to make sure that Apr 17, 2022 · Ill. And bam! Ned got stopped out right at the TOP because his stop loss was too tight! And aside from losing this trade, he missed out on a chance to grab over 100 pips! From that example, you can see that the danger with using percentage stops is that it forces the forex trader to set his stop at an arbitrary price level. Therefore, continue reading to learn all about how to implement the best stop-loss strategy and the ways you can use it to your advantage. Simply place a limit order and you are good to go. ''Set And Forget'' Or 'Hands Off' Stop-Loss Strategy The second example of a good FX stop-loss strategy is ''Set and Forget'' or 'Hands Off'. 3500. The most logical place to put your stop loss on a pin bar setup is usually beyond the high or low of the pin bar tail. Conclusion: In summary, the No Nonsense Forex (NNFX) strategy provides a clear and effective approach for people interested in forex trading. One-hour forex strategy. Oct 1, 2021 · Join Private Chat Room - https://launchpass. stop-loss orders and trailing stops are used to Welcome to FXGears. Apr 10, 2024 · Continuing with our Microsoft example from above, suppose you set a trailing stop order for 10% below the current price, and the stock skyrockets to $30 within a month. A take profit target of 100 pips was set. Though, there is Feb 22, 2023 · Hedging vs. Dec 16, 2021 · The advantages of using a Stop Loss are clear. For example, in a Dow Jones futures e-mini contract, a trader only needs $2,500 to control $50,000 worth of stock. However, profits will always be capped too. Understanding Forex Risk Management. You only want to lose a maximum of 25 pips from your trade – so you set a stop loss at 1. For instance, a trader may choose to set a stop loss at 2% of their account balance, ensuring that no single trade can exceed a predefined risk Oct 17, 2020 · This is my version of the No-Nonsense Forex (NNFX) Strategy, namely MQAHNAF Signal. The forex basket trading strategy has the potential for a massive amount of profits if you’re good at picking up currency pairs and implementing superior risk management May 26, 2021 · No stop loss feature or a huge stop loss without a possibility to change settings. Hedging was banned in 2009 by CFTC. Stop Loss Strategies for Forex Traders. How to set a forex stop loss. com/Broker I U Oct 20, 2021 · For example, say a forex trader places a 6-pip stop-loss order and trades 5 mini lots, which results in a risk of $30 for the trade. This approach can provide traders with a Sep 15, 2016 · No stop-loss fx trading strategy involves trading without setting up a stop-loss. In volatile markets, a better practice is to make the gap for a stop-loss order a fixed percentage of the ATR. This is Forex trading 101. Nov 30, 2023 · The Zero Loss Forex Trading Formula is a trading strategy or system that claims to eliminate the risk of losses in forex trading. The selling rules of the forex floor traders method strategy with no stop loss(SL) will be the exact opposite of the strategy buying rules given above: 9ema crosses 18ema to the downside, and the price moves away and up from the two moving average indicators. A stop-loss order is placed below the entry point to limit potential losses if the trade goes against you. ; The below strategies aren't limited to a particular timeframe and Jul 17, 2024 · In almost all backtests, you will notice that stop-loss doesn’t work in mean-reverting strategies. By not using a stop loss, traders can avoid getting stopped out by rollover and volatile market conditions. The selling rules of the floor traders method forex trading strategy with no stop loss will be the exact opposite of the buying rules given above: 9ema crosses 18ema to the downside and price moves totally away and up from the two moving average indicators. 36, and it may head lower. Feb 13, 2015 · Given the hourly volatility in USD/JPY is currently over 26 pips, this much stability in price would be highly unlikely. You can utilize the strategy with any currency pairs. 1900, your stop will move from 1. This is achieved by using a combination of risk management techniques, such as stop-loss orders and Mar 9, 2024 · Forex trading is a high-risk activity that requires traders to carefully manage their positions to limit their exposure to potential losses. There are a few things that the Forex market differs from the stock markets: Forex opens 24/7, therefore the exchange rate changes Jan 25, 2016 · This is a No Stop Loss Forex Trading Strategy. The second strategy example is the 'Inside Bar Trading Strategy Stop Loss Placement'. There are no free lunches in trading and any trading strategy that claims to be “no-loss” has to be evaluated closely because it has the odds stacked greatly against it. The idea of coming up with a no loss trading strategy Forex wise is one that has been a part of many traders’ hopes and dreams for a long time. The more it goes against you, the better the signal. It is crucial to determine your risk tolerance and set appropriate stop-loss levels to protect your capital. Feb 1, 2018 · Selling Rules of The Floor Traders Method Forex Trading Strategy With No Stop Loss. If you had shorted GBP/USD, then you would place your take profit 50 points below the current price at 1. However, none of these markets approaches the Sep 11, 2023 · Strategies for Setting Stop Losses: 1. The basic principle behind the strategy is to use two opposing positions in the same currency pair to offset each other’s risk. Types of stop loss Jun 7, 2021 · In your trading carrier, you will often hear about the traders who never use the stop-loss orders, and they continually make money in the market. This method is simple, as the stop loss remains constant regardless of market May 9, 2023 · A stop-loss strategy is a key component of risk management. It works by setting the “stop” or initial level of where you want the trade to close at, based on how much profit has been made so far and then adjusting that price as needed if it looks like you could make more money from the trade. com/doyle-exchange-private-chatroom/private-chat-roomDoyle Exchange Course - https://doyleexchange. 1. Not all traders use stop losses, for one because there are often better ways of managing risk, such as with hedging as we’ll see below. With this in mind, let’s move on to potential trailing stop-loss strategies to deploy in your trading strategy. Types of stop loss. My first run of the strategy gave a positive result. Jan 17, 2024 · In order to engage in trading without the use of a stop loss, a trader must employ a No forex stop loss strategy or engage in Forex trading without incurring any losses. Feb 25, 2019 · Forex stop loss strategies. Discover the advantages and disadvantages, and more! A no stop loss strategy in forex trading means that a trader does not set a predefined point to exit a losing trade. Jun 28, 2022 · This article covers all you need to know about stop-loss, including the top 4 myths about Stop loss and how to use it correctly in forex trading. 1800 to 1. 1175 and place a stop loss limit order with a trigger at 1. 1 FX broker in the US¹ Trade over 80 FX pairs Powerful tools for active traders Popular; Spreads as low as 0. May 24, 2022 · EA Hedging Strategy Is a high class automated expert advisor which is fully optimized for the future market in S&P500 etc. Jun 12, 2019 · 2. In summary, losing trades can be a good thing if you prepare strategically by implementing successful forex basket strategies. 3210, and your stop loss 25 points above it at 1. One of the most common downside protection mechanisms is an exit strategy known as a stop-loss order, where if a Jun 4, 2023 · For example, if a stock is purchased at $30 and the stop-loss is placed at $24, the stop-loss is limiting downside capture to 20% of the original position. Jul 17, 2024 · What is No Stop-Loss Trading Strategy? To trade Forex successfully, an effective money management strategy is crucial. Average True Range for SL and TP placement, and also for pullback range; 2. But if you have a very wide stop-loss, then you, in reality, don’t have a stop-loss. So no, there is no reliable stategy without a SL, so don’t waste your time finding one. Your trailing stop method has to be a good fit with your entry and your trading personality . However, if you want to get around the FIFO rule you can use multiple currencies to hedge your transactions. The key Mar 8, 2024 · One of the “golden rules” of Forex trading is to always use a stop loss. xhsspedhwyeqoxwyntymlnfeilpkkodhabrjbfockuthtvovyay