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Originally Posted by pipdetector  I did not try with fixed lot size, but I think that the EA will calculate the SL basing on the position size traded. It seems that risk level is simply used for setting the position size. You do not have control on the SLs only on how big your position is.
Check it out on a demo account :-) |
The Risk setting is just a position size based on a percentage of the free margin, not the actual risk. The actual Stop Loss is determined by the current trading range and varries from under 50 pips to over 100 pips.
We have not yet seen a large stop out since this EA came out, but they are possible, and do show in backtesting. We have been in a great run so far, but it will eventually show its ability to take a larger loss, and possibly consecutive loss, and the more people overleveraged and blindly trusting and putting their faith in something they dont truely understand, the more cataclysmic it will be.