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Mt4-7994720 (By vghanem)
The user has deleted this system.
Mt4-7994720 Discussion
Dec 06, 2018 at 18:18
399 Views
2 Replies
Member Since Jan 14, 2018
152 posts
Dec 09, 2018 at 07:21
Your results for 4 days is outstanding, however its on a demo account which is not so good. I am not sure what your goal is here, to do managed accounts or sell this EA, or signal service, but either way you need to show everyone live account results.
You hold trades open for days which creates a lot of exposure and risk, with possibly with large open trade draw down. So now you have 6 open trades at 4.0 full lots on a $7200 balance, thats very high risk. If there was some news and price moved 100-200 pips in the wrong direction, you will have big losses.
My suggestion is to scale back on the number of open trades, with smaller lot size to reduce the risk. You are averaging 30-35 pips per trade, so you could also reduce your take profit, which would reduce your open trade time.
You hold trades open for days which creates a lot of exposure and risk, with possibly with large open trade draw down. So now you have 6 open trades at 4.0 full lots on a $7200 balance, thats very high risk. If there was some news and price moved 100-200 pips in the wrong direction, you will have big losses.
My suggestion is to scale back on the number of open trades, with smaller lot size to reduce the risk. You are averaging 30-35 pips per trade, so you could also reduce your take profit, which would reduce your open trade time.
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