Its always better to have SL in its place since market does move against the present trend before it catches up with it again. In such a case its better to get out of market at the set SL and re-enter ionce its back on the trend. Similarly, if the market changes trend at any time, the ea will close the position irrespective of the trade reaching the 60 pips TP/ SL and enter with the new trend. Thats the reason you'd see some trades being closed on profit but well before the 60 pips TP. God bless!
Hello..Will sell. Not now. But after a thorough check on it under all market conditions..news (NFP in partcular), consolidation, normal mkt hours..will keep u informed when I decide to sell it. Thanks for your interest Steve. God bless!
Thanks FC. Well will keep you informed if i decide on sale or managing accounts. Question to ponder is ' why should someone sell a profitable ea? ' 300% in 10 days is mind blowing impressive..will it continue to rock as market moves with heavy economic data is what I'm interested to know more on... will keep you updated.
na.. let it run..infact I want the worst of news to see how this one performs at the end. Ofcourse you're bound to hit yr SL on news mostly..I did think of turning off the ea during news hours..but then it wanted it to suffer the worst news to see how much it can really gain/ loose per month. Even at this stage it stands at an amazing gain of 322% in 14 days (10 days of trading). After all profit n losses, if this can make 100% per month I'll be veeeeeeery happy..lolz.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.