Quote:
Originally Posted by Ken Long  Agree with what? That you are going to reduce the stop to reduce risk?? Have you done the math, this may not reduce risk at all.. It may reduce the total loss, when the robot takes a total loss, and in return increase the instances of total loss.
Do you intend to actively monitor the robot and adjust the stops manualy, presuming that your judgement is better than the presets. If so, test this theory on your demo account first. The targets and stops are set to benefit the most people in the most situations. Certainly you can do better, but it is not easy. It requires knowing what your doing, and being there to implement the changes. This would tend to mean being there to manualy manage the robots trades, unless your good enough to assess future volitility and make the changes in advance. |
Hi Ken,
I am using version 45 pro so yes I can and will reduce my stop loss but I dont recommend anyone else do so. I have a long term vision for fap turbo. I do expect losses, but not 112 pip losses. If you've seen donnaforex' account statement you'll notice the huge losses, but over 5 months shes made over 300% return on her account. As far as future volatility is concerned.....I will also not be trading around holidays and news announcements or earnings season announcements. I would rather miss a few small profitable trades than suffer a huge loss.