How do i minimize losses and setup auto SL
How do i minimize such risk when trading, did a back
test and it was ok but when tried to trade on demo , it went all negative , any suggestion to avoid such .
Replies 3
thank you for reaching out i appreciate the feedback ,and will implement your suggestions ,do you have a default set file.
NB: Trading manually is easier and am able to manage losses appropriately.
U have just posted a classic example of bad set. When u r using bad set which is either not optimized or not backtested properly, obviously u will end up in this situation.
U shud also look at ur lot sizes.
U must do proper study of ur set file and backtest it so that u can control ur DD.
SL feature along with trialing SL is already available in CP. U must go thru the FAQ document and understand it.
What is ur actual capital? Always test ur demo account with that amount of capital. There is no point testing the demo with a huge capital.
thank you for reaching out i appreciate the feedback ,and will implement your suggestions ,do you have a default set file.
NB: Trading manually is easier and am able to manage losses appropriately.
Default set is the set that comes along with EA by default! So it will be with anyone who holds the EA!