My dilemma
forex_trader_139412
Member Since Jul 16, 2013
385 posts
Nov 23, 2015 at 14:56
As I have pointed out in another thread (which blocked me)
I have stopped pursuing this as it only looked good, trading without stops. Once or twice a bad trade was taken, a worse trade than 10 year backtests revealed, and because there was no stop it just carried on going south until hitting mc or being closed manually..
I wish someone had pointed out to me then that 'straight line' EAs look good, but eventually bites you in the backside..
I have stopped pursuing this as it only looked good, trading without stops. Once or twice a bad trade was taken, a worse trade than 10 year backtests revealed, and because there was no stop it just carried on going south until hitting mc or being closed manually..
I wish someone had pointed out to me then that 'straight line' EAs look good, but eventually bites you in the backside..
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Nov 26, 2015 at 07:58
RSTrading posted:
I wish someone had pointed out to me then that 'straight line' EAs look good, but eventually bites you in the backside..
Should be obvious RST. Straight lines often use poor R:R to achieve just that.
Risk 1000 Pips to earn 2 pips, you'll get many winners before that loser comes( also 1000 pip move would take normally a few months to take place.). In theory, if you can achieve 500 New scalps to offset that 1 loser, you could essentially recover, but adding another position changes your money management structure unless you already built it in when deciding your first lotsize.
forex_trader_139412
Member Since Jul 16, 2013
385 posts
Nov 26, 2015 at 08:17
Yes, in hindsight.. It was pretty dumb..
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