Quote:
Originally Posted by pipdetector  I see that we have another losing trade getting lower and lower (this time it's EUR/GBP)...
My question shall we let the ea handle it, so that it goes in flames at the S/L? Or maybe we should close it before it hits it? I have noticed most recent FAPT loss just a couple of minutes after the trade was opened and my first intuition was to close it as soon as it went down 30 pips. On the other hand it is backtested and forward tested without human intervention, so shall we just take the sure losses and wait until they losses are recovered after several hopefully (small) gains?  |
I don't ever interfere with the EA unless I have already made a mistake (like last week I accidentally closed Metatrader on my live account and there was one open trade, as soon as I re-opened MT4, I manually closed the trade).
I am really fed up with FAP Turbo's many trades with small gains and them whamo
I got a full stop on EURGBP last night at 112 pips. That one trade took me below my starting equity at the beginning of last December. I have pulled that currency pair from my live trading mix and I am on the verge of giving FAP Turbo the boot...again. On top of that, my demo account did not even take the same trade.
I have said it before and I'll say it again (I need to hear it often
) that the risk/reward of EA's like FAP Turbo and MegaDroid are way out of line. Risking 112 pips to get 5 or 6 is nuts. This begs the question, why am I doing this?
Actually, it was a double loss for me last night. In addition to the loss in the live account. I had a 60 pip loss on my demo account. I started mechanically trading a system using the GBPUSD pair. I have been paper trading it for 2 months now and I starting actually trading it in my demo account yesterday.
Rick