Hi! Yes, you are right. Drawdown using Traide Ringer can be high sometimes. It depends on the Lot Size and Account Balance combination. Recommended Lots Size is 0.01 each 1,000 USD in Account Balance. Drawdown should be around 10% to 15%. If Lot Size is increased then the Drawdown will be higher.
with this lot size you recommend the floating should be under control..? Correct me if I am wrong, my understanding is to close the EA on Wednesday night regardless your floating. So for this drawn down , how can that be possible.. thank
I have seen Drawdown is around 10% to 15% when using 0.01 each 1,000 USD. I think We can consider Drawdown is under control.
Another setting of Traider Ringer is Weekly Goal. The recomended Weekly Goal setting is 5% Usually Weekly Goal is reached between Monday and Tuesday. After Weekly Goal is reached, the EA closses every trade and Stops Trading until next week.
If you set a Weekly Goal higher than 5% it will take longer to the EA to reach that Goal and you may need to leave it running more days.
Closing the trades every Wednesday is a recomendation.
If you already hit your Weekly Goal profit then, I suggest to close every trade and wait until next week.
It is my personal opinion that is safer to keep the EA out of market as soon as possible so, if Weekly Goal was already reached, then there is no need to keep the EA running.
Statistically, the EA behavies better from Sunday to Wednesday.
On Thursday and Friday usually there are heavy news that may lead your trading to a big Drawdown.
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