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Yes I think you are correct. I do not know these EAs are built, but I think that a good EA is one which considers what the worst case scenario can be. Also, using the correct timeframes and other settings is key to avoid blowing the account.
Thanks a lot. $10 per day is really nice depending on the account size. I am worried about the drawn down 40% appears risky. I will try it out though. Thanks again.
Malvika, this post is very instructive and educative. I am reading your post four years after you wrote it and it is still very apt. I have a question though. Some EAs do not use stop losses, what do you say about that?
Thank you for this post, it is really educative. May I ask a question? How do you know which Broker is better? Brokers do not reveal their secrets to traders. So how can you know which Broker is better.
For me, i think it depends on how the EA is configured. If the EA is conservative and taking minimal risk, I think leaving the profit there to enhance more profits, is better than pulling out the profit. I'd say that the principal reason why many people blow their accounts is GREED. The push...
Really nice to hear this. I have watched some Youtube videos and really, it is tiring. I like your analysis, but may I ask you to explain why trading Higher time frames is better.