Birt has also setup a live test account. He is using 1% for the money management, which I consider more realistic. https://www.myfxbook.com/members/birt/rev-trader-pro/1052077
I think his risk is not 1% because I set risk level 5% and it is taking lot size .02 on $388 balance how come with 1% risk it is taking .03 lot on 300 account. May be his risk is 10 not 1.
One of first questions I asked Doug before I started running the bot was position sizing. With my very low leveraged 50:1 account, I needed to know how the bots strategy managed opened positions that were a bit on the large size. The first trades went well. 2 positons on AUD/& and NZD/$ Both were same number of lots .5 or 50k each. Now at 50:1 that comes out near $1500 of margin on a $2000 account. Again, I normally don't like to mess with settings. I prefer a bot to do it's thing without my intervention. The default settings were recommended because they would size the positions accodingly and the bots strattegy would handle the exits and risk.
It did very well on the first trades. It appeared to place trades near resistance levels, closed a position then added back at higher average until the larger trend continued , eating away at the previous lost trade,then into profit with a nice +$300 gain. That's what it appeared to do as I observed the bot do its thing. Now the 2nd week, before the Fed meeting, I was very surprised to see a position opened midday on Friday. I wanted to see what the bot would do at the end of the day. I was surprised to see the positions left open after Fridays close. That left the following week where the 2 trades were Short the USD and 2 1/2 days before the Fed announcement. Unlike the first trades, the reversals did not happen, and the resistance levels did not hold. The stops were quite large, particularly ont he NZD which was hit and stopped out. The Short positionn on AUD recoverred after the Fed announcement but only to break even.
Doug wisely revised the code to have option to close trades on Friday. The first positions opened after the revision is as I've stated with a position size of .05 instead of the earlier .5, big big difference. How the bot recovers at this position size we'll have to see, but as I've read earlier, it seemed to bet big very early on in hopes of banking a big trade,and in the past that may have happened, backtests still may confirm this, but this time the opposite occured, the big loss happened earlier, not later.