Pause EA after DD reaches ‘X’ $ & resume after reaching ‘Y’ $

This is only for Grid Set. 

Grid set works best as long as the currency pair moves in a range. However, the DD gets more generally on two occasions.

• News
• Breakout

When any News/Event is there, most of the times, it comes back to same range in an hour or two hence Grid set can handle it by itself. But when breakout occurs, the currency pair moves in a single direction hence the DD gets more. Say for example, 1.20814 was breakout zone and it was broken on 02.12.2020, hence DD has gone upto 2900$ on 02 & 03^rd Dec. Generally after breakout, it comes down to the support/resistance level, here the support in this case. And then moves in range with gradual increase upto next resistance.

So, whenever DD goes up, it indicates that currency pair is moving single direction and hence we need to wait for correction to happen. So if we can pause EA after DD of say 3000 $ & resume at 2000 $(say), we can avoid huge DD/blowing off the account because of opening of bigger lots in martingale.

We can decide the X(3000) and Y(2000) values based on the backtesting.

Trend – Positive

DD on buy < X $, continue buy

DD on sell >X $, Pause sell. Resume Sell if DD comes to Y $

And vice versa.

Hope I have conveyed it clearly.