Each person must take responsibility for the way in which they use an EA. The EA's that are left totally to their own devices typically either under-perform dramatically, or totally devastate an account.
Automated strategies are very good tools for traders, however they are just that - they are ONE tool that you should have in your arsenal. 1 EA working entirely on its own without any intervention is unrealistic unless you want 'average returns' (around 10% annual for most investors).
To turn off an EA or to reduce its lot size before/during/after certain events is a choice that each person who uses an EA must make for themselves.
Jared is running his own account.....and making money with it....AND taking responsibility for his own account - this is what EVERY person using this EA should be doing.
As for Jared's decision to go to the minimum lot size of 0.01, versus turning it off entirely (which would effectively be the same as going to 0.01) I think it is very smart of him, not for just his sake, but for all of our sakes. If he were to turn it off completely, then we would not be able to evaluate what the result WOULD have been on Jared's account had he not turned it off. By him keeping it running at 0.01, this helps us all see what would have happened.
However, I do think that it would have been helpful of Jared if he were to announce his changes via email to all KP subscribers BEFORE he makes such as change, so that if we wish, we are able to follow him.
It is my personal strategy to follow Jared EXACTLY. In which case, I need to know before an event, the changes that he has made.
Jared, I congratulate you on a very fine EA, perhaps the best I have ever seen. I also wish to praise you on your support and response to your EA....you have not abandoned it after making your sales. Very good. For this you deserve much credit. BUT, could I please ask you, in the future, when you are going to make a change (however small), please inform us all via email at least 12 hours BEFORE the event.
Myfxbook is not allowing me to quote messages so I will just respond without them.
Thank you tentrade001, I appreciate the support, and you're absolutely right, I should have sent out an email informing of the change.
I had personal matters to attend to over the weekend and didn't make the change until late, but that is no excuse and I absolutely should have made that a priority.
KeltnerPro trades on patterns in a regular market. The Greece situation creates abnormal conditions that are impossible to predict. I personally want to protect my investment / see how the EA trades under these conditions. Which is why I switched the lots to 0.01.
Unless I see the actual trades, it is much more difficult to make improvements in case a similar situation were to occur.
In regards to it not being fully automated, I have full confidence that KeltnerPro will recover whatever loses it may suffer on its own. Those trades could very well go in your favor as well, but me not being able to accurate predict the conditions, makes me want to air on the side of caution.
I think 'Jared' has set the minimal lot for his trades in vain. Whoever does it, voluntarily gives up their chance to cash in big time on Greece. By the month's end, Greece will either sign a bailout deal or declare bankruptcy. Neither is going to come as a big surprise out of the blue (unlike the Swiss Franc unpegging) yet is guaranteed to move the EURUSD rate up or down dramatically. A perfect opportunity for huge sure profits.
Jared, so you would suggest to let the EA run without changes? I think i will do it like this. There is not so much money on my account. A big loss would not brake my neck. But a big win would make me 😄.
The differenece between who your are and who you would like to be be is what you do
btanalysis posted: I think 'Jared' has set the minimal lot for his trades in vain. Whoever does it, voluntarily gives up their chance to cash in big time on Greece. By the month's end, Greece will either sign a bailout deal or declare bankruptcy. Neither is going to come as a big surprise out of the blue (unlike the Swiss Franc unpegging) yet is guaranteed to move the EURUSD rate up or down dramatically. A perfect opportunity for huge sure profits.
I agree, such an event has been priced in the markets, and volatility is expected, no need to chicken out with microlots. Also, I thought that high volatility was the way the EA has been coded to expolit patterns in the first place?
I am using it from many months and trades overall match with vendor and ForexGermany account. Imo a very good strategy; people complain because it can have a long losing streak if trades, and stagnation period can be very long too, but these are charachteristics of every brakout or volatility based EA. Use a moderate risk and let it run
Running only Expert advisors with good long term backtests and nice forward tests
corre71 posted: I am using it from many months and trades overal match with vendor and ForexGermany account. Imo a very good strategy; people complain because it can have a long losing streak, and stagnation perios can be long, but these are charachteristics of every brakout or volatility based EA.
So what do you suggest for 0.01 lot? 1000 $ account?
I want to know because I want to make fair test!!!
Im writing about my experiences, so yours can be different ;)
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