I'm learning how to trade and I have been taught to aim for initially 1:1 as target 1 and then 2:1 risk reward as target 2. Now the EA does not come anywhere near this, SL 200pips with an average win of 11.5 pips and maximum win of just 52 pips.If I have a sL of 200, my risk, I expect to get at least 200 pips in reward So, please can it be confirmed that there could be many trades between 0 to -200 pips drawdown with the ultimate hope of winning just 11.5 pips on average on each trade?
This looks a very emotionally stressful way to have trades open, but are you all OK with this?
I'm new to my fxbook and not sure if I can find out how many trades I must allow to have open to ensure I hit the published profits. I would not risk more than 1% of my account for any one trade.