Forums ProRealTime English forum General trading discussions positions opened and no stop loss or anything? Reply To: positions opened and no stop loss or anything?

#95265

Have you not got the box ticked to close trades when strategies are stopped?

Personally I would rather leave a trade open on the market and then manage it manually if a strategy suddenly abandons it. The chances of a live strategy stopping just before a major crash or major market change in direction are very small – however having a trade in a loss for a while is a high probability. With the email alerts we can now get when a strategy stops a strategy a trade is unlikely to be left unobserved for very long and once alerted we can manage our own risk by setting TP and SL but if we just let the platform close it no matter what then we are playing roulette and in roulette we will always lose. I prefer to choose when a trade closes whether that be manually or automated.

Often in demo when a trade gets orphaned when it is in a loss I just set a TP of a tiny profit and a SL below a recent low and almost always I get out with a small profit. At least I am deciding my risk rather than just having a trade closed in a loss due to technical issues.