- November 15, 2020 at 14:01 #66250tremosorParticipant
I know that every strategy will have profit and loss, if strategy is profit we will keep using it, but when it come to loss, we will remove it, so how ea losing or what situation make you guys will remove the EA?
low profit factor? Loss over $100(when 0.10lot)? Consecutive loss over 5 times? Market condition?
How do you guys determine it?November 15, 2020 at 17:21 #66251IlanModerator
This is a difficult question t answer. If we look at the strategy below, you can see overall it was profitable, with a net profit of $284.84, however it did have a draw down of $147.91, and 3 consecutive losses. If we removed it after the losses, we would not have achieved the profit. These are stats for just one month. It’s tough to read current market conditions due to the amount of news being released, which affects the markets.
My advice is, is keep many EAs in your demo accounts, and keep an eye on them, as well as news events. Markets will always recover, but sometimes, it could take some time. Find a system you’re comfortable with, and stick to it strictly. If you find it’s not working, change it a bit. And most importantly, do this on a demo account until you’re comfortable enough to trade live. Don’t be in a hurry.
IlanNovember 15, 2020 at 21:11 #66254tremosorParticipant
Thanks for your reply, it helps a lot Yes it takes times. Just be patience.
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