Precis EURCHF 2% Discussion

I see your Precis so good, can you share setting to me? Thank!

You have a nice trading system. But you will have to run it on your live account to see if it really works? I would like to see how it worked there.

Dear all, this is not the Precis EA by Nikolay on its own. All trades from Precis are copied to this demo using a filter EA with its own set rules. The filter EA then decides which positions to take and manages the trade from there. Risk is also managed by this EA. This is a proprietary solution which is not for sale unfortunately. Because of this there is no way to just exchange set files for Precis. Precis(and all of Nikolay's EAs) are very good but unfortunately he does not test them thoroughly.

The recent crash in this particular demo is due to increasing the risk from 2% to 5% as a way to push it to its limits. It has been running on 2% without issues but drawdown can be scary at times depending on your risk appetite!

I am also running this privately on live accounts without issues.

The system finally blew up as the risk settings were set too high. Will restart with another $1000 deposit and 3% safe risk.

System updated with new start date and deposit of $1000 at 3% risk

Also visit https://www.myfxbook.com/members/rafizi/precis-ea-nzdusd-5-2/7378231 to see it working on NZDUSD

There is still a lot of improvement that is required here. You can easily work on that by tweaking some things around. All the best.

Good demo. Do share the results if you decide to test this on live. Thank you.

You are doing a good job on your demo account. I think it’s time that you should move to live trading now. I am sure you will do a good job there too.

account lost more than 70%. Replenished and reduced risk to 2%