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Originally Posted by pipdetector  It's interesting, because my S/L has not activated yet. The trade opened at 0.9000, touched 0.8885, and now it is tiptoing north. I also decided not to interfere. I do agree that risking 112 pips to get six is crazy. OTOH, all FAPT pairs gave me nice losses recently, so to be consisent, I'd have to close all the charts and go back to studying manual trading  .
Maybe, this all is just the problem of trading psychology... even with EAs. |
I am surprised that the stop has not triggered on you yet. I knew I was toast when I looked at my live statement this morning and the trade was still active. That has only happened twice for me and it has been always bad news.
These EA's and their crazy strategies are the reason I have gone back to experimenting with mechanical trading systems. You can design a trading system with a respectable risk/reward that does not have a huge drawdown.
What is OTOH?
Rick