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Originally Posted by astro18  Thanks for the interesting and complete reply, i will take e look on FAPT and on forumthat you suggest.  |
I have found with the Forex Auto Pilot that you have to change the settings possibly on a weekly basis. Especially in regards to going long, short or both. The program really follows and is most efficient in a trend. Funny but that is what most plans work best in!!! The trend is your friend saying!!!. Another problem is patience. This is the largest problem with using alomost any EA is seems. They will bring great results short term and usually stop themselves out. This mainly because they are a program without human emotion or descision making abilities. Sometimes this is good and sometimes bad. Ibeleive the secret is to be conservative with your lot size. Stay below what your account can bear to remain in the trade and not have the dreaded "margin call". This is what wipes out the accounts or what people say "blow up" your account.
I am going to test a new type of incremental lot increase which is based on the exponential method but incorporates a "ratcheting" method, where one week your lot size runs .10 and the next week .12, then the next week .11 and next week 13, next week 12 and next week 14 and so on. This of course is if in fact there is profit of 100.00 equity balance per week. This is account EQUITY and NOT account balance. Accounty equity is what you actually have.
Im going to try it and see.