So sad...so it´s just another 'Hope & Pray EA', which sooner or later will bring you in big DD-trouble...although there is probably a floating, hidden SL, a fixed (emergency-) SL is absolute necessary to calculate the risk ...or am I wrong ?
Would you rather hold the GBPUSD Long for another 500 or 1000 pip drawdown waiting for reversal? Or cut the loss? Its up to you. You have full control to do as you like. I provided a profitable long term settings to cut the losses!
RedRhino posted: I'll be adding a money module / risk per trade parameter to the next update. Normally , I would use the Stoploss value and the account equity to determine the lotsize. For example, 10,000 equity with 200 stoploss with 1 Percent risk would be a lotsize of 0.05
10000 Equity Risk 1 % = $100 Stoploss 200 Lotsize 0.05 ( $0.50 per pip ) 200 pips at $0.50 = $100 at risk.
Is this what you want? Or are there any objections?
Of course. By using a fixed Stoploss we can calculate proper Risk Per Trade.
Hi, yesterday the GU trade has reached profit zone about 40 pips plus but the SL still haven't move down to lock the profit, instead revtraderpro has already moved the SL taking for profits. I believe this EA would have probably target for more pips. Secondly from my monitoring the AUDUSD pairs, when the second order kicked in after a while the TP has moved to breakeven level to protect or lock the profit? Market is full of uncertainty, would this better if we cater our strategy more focus on the protection but in the mean while we might lose the trades as well.
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