During testing here I have noticed a lot of negative open trades, but they have all come out okay.
Obviously you will have to be properly capitalized to use just about any EA. Being under-funded can really screw your results up. With a $500 balance, I would have suggested a smaller lot size (but I do not know as well as the author, so I may be wrong) such as 0.005 on a micro account. After a few months, or with more capital, then I would go for a larger lot size.
A word of advice - don't sell when you're down. That means just leave it alone. Don't touch it. Even if you lose $500 it's a small amount.
If I were you, I would consider adding another $250 - $500 to the account to give it more of a safety net in terms of not getting a margin call. Of course, only put in what you can afford to lose, as Forex is a high risk venture! |