If you cannot admit a stop loss, use zero cut (zero out) to limit losses

Using overseas FX zero-cut

I trade anyway by leveraging market view with a averaging-down logic

And after increasing to some extent with a reverse martingale format

I move funds to a deposit-like account, and then restart

Trades that utilize such zero-cut are also the essence of FX

We cannot keep talking about nice words

What a trader should do is to increase the actions

Whether it annoys the broker is unclear, but

If you have a logic to increase, you have no choice but to make use of it

That is the mindset

Also

Trade with hedging (both sides),

and when the total profit is positive, close the positions

This is also valuable with overseas high leverage

With high leverage, the spread is often high,

so adopt a trading logic that does not rely on stop losses

The effective logic for stop-loss trades is

to aim for the third wave only

This is Dow Theory’s relentless

from bottom to top trade

This can be reproduced with moving average plus envelopes

Find the Dow Theory formation by moving averages and trade

Treat envelopes as temporary highs and lows, take profits on touch or nearby

That’s all

Moving average 25

Envelope 25, 0.4%

is fine; this clearly defines the temporary highs and lows of Dow Theory

In a trending market

MA forms the bottom, envelope forms the top

In a ranging market

The area around or below the center of MA and envelopes becomes the top and bottom

Some try to reproduce this with Bollinger Bands, but it’s impossible

Because Bollinger Bands shrink

Also, since there is a possibility of “failure” when expanding, it is very hard to rely on it