so sorry, you are not a bond student, therefore you have no access to the original academic study, only the public abstract is available for free, but you can see it is listed as scholarly publication from the bond staff, here a short snippet of the very interesting conclusio:
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In no case tested does the use of stops either
significantly reduce risk or significantly increase returns.
– both of which should be the primary goals of every
trader.
Many traders may feel uncomfortable with the idea of
not using stops. However, from conducting this
study on a variety of trading systems, one observation is
crystal clear: If a trading strategy has a positive
expectation, then the use of stops will only serve
to degrade performance.
The methodology used within this study can easily be ported
to any individual traders strategy.
In the specific case studied in this paper,
the results suggest that stops degrade long-term
portfolio performance.
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other scholarly publications:
Developing high frequency foreign exchange trading systems
Designing short term trading systems with artificial neural networks