Hello people,
This account is traded only by my EA! At the moment it trades EURUSD and Brent. Later I could add gold/silver or maybe another forex pair.
The strategy is based on my own indicator, wich is fairly simple! The EA also has only a few lines of code. I wanted to keep it simple, because I already tried out some complex strategies wich were very dificult to backtest and to control and finally weren't successful...
Maybe you will see the first orders (order 1-3 were tests) and think that the risk is too much. Let me explain what I have done about this:
I have limited the total amount of simultaneously opened orders in the same direction to 4-5! At this moment I have 7 Buy orders open and the risk of big looses is too much with such a strategy... This happened because my EA risk management is based on account equity, and all the buy orders are already generating profit, so the free margin was still enough to open more orders. Now this wont happen again.
Please feel free to comment, ask questions or just talk about the EA, strategy or somethings related to all this.
Success and happiness to all of you!