Money management of this EA is totally wrong! This EA has a lot of potential if it is modified with the right MM. I asked via help support to modify this EA because in the long run it is a loser in a statistical sense, but they have insulted me and laughed .... God forgive the ignorant!
we are very sorry to see, that you sitll didn't get the point of partial sales and dynamic SL.
the winning pips are so high, caused by the partial sales. litte example 2 Trades. Each with 1 Lot. and 5 Splits (5 times 0.2 Lot) the first Trade is a profit Trade. the second trade is a SL 1. TRADE TP 1 = 5 Pips TP 2 = 10 Pips TP 3 = 15 Pips TP 4 = 20 Pips TP 5 = 25 Pips --> And here it is, the crucial question: how many pips did this trade produce??? myfxbook would say: 75 Pips. MetaTrader would say the same. What would you say?
2. TRADE The second trade is the SL with 30 Pips Loss.
What is the final Pips P/L??? we would say that the final P/L would be devastating negative. myfxbook and MetaTrader would say that some money was lost, but some Pips were won ... do you know what we mean?
so, finally: don't look at the Pips Gain!!! Look at the money. the partial close at different TP Levels leads to some wrong calculations results in myfxbook.
if you dont believe us and if you are not able to follow our explanation and calculation, why don't you ask Birt. maybe you believe him if you dont trust us https://eareview.net/
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.