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Originally Posted by rsmereka  It was a terrible week with my live account. I had to pay the piper for running Robominer too hot. I realized that my account was in jeopardy and did a force close of all Robominer open trades (at least I got to test the emergency close feature of my new EA AvoidSwap). 20,000 pips later, I was left with a measly 2.5K.
Rick |
Rick, I want to learn from others people's experiences in order to make my own system better. I read somewhere that all big losses start as a small loss. I also read that EA's are meant as tools, but you should still mantain control.
I think what I'm going to do is watch all open trades created by my EA's and manually stop all positions that are getting in the red...beyond my comfort zone. For example; I ended up the week with RSI Expert showing bal of 5866, equity of 5613. It takes gains around 30 pips a trade, but it was left with an open trade of (246). If my comfort level is around (250) I could stop this and still have a nice profit for the week and the peace of mind of pure equity....or run the risk of a large drawdown...and plenty of those can add up to a terrible position like you just experienced. I think that mantaining a healthy balance will give a better chance for the EA to recover and do its work. I think Robominer is not bad...it just needs some pampering.Does this logic make sense?
Dan