Disliked{quote} Wow!! Impressive, I imagined you got a GOOD training and good trading plan to master that profit. Thank you for sharing.Ignored
Whatever is it.....all commercial EA are bullshit. It wont work forever. All strategies are also bullshit. I believe the only EA work forever is could handle events like economy crisis, and since i am coder, i am still planning for this, but it is not easy.
I am trading manually now, and any price can be long/short, it is all about mindset and psychology. Of course i would long/short at major support resistance price since i know well the probability at this area, and combine with money management (Averaging down) is good to sustain my account. I do not use stop loss and i do not monitor it all the time and i don't even scare of it.
My philosophy to keep my account sustainable is...
1. The money in my account is just for fun, if i burn my account, i treat it as my holiday expenses. But this is impossible now because of point 2 below.
2. To handle worst case scenario, must let go some losing position if know the price won't come back. This works well if know wave and pattern, it is fixed.
3. The target for every single position is few pips only, almost all the time target is hit.
4. To enhance the point 2 above, i am testing hedging method by using LIVE account. Like another way to handle worst case scenario and earn more pips.
The 2nd points is very important, because worst case scenario can be handled, this means that my account will not be bankrupt.