Hey magix hope you're good.
Just thought I'd give you an idea on cost averaging. The current system works well. There is another system you may know about as well.
Once upon a time I used an EA, that cost averaged like yours, except it didn't look to wipe out the entire furthest trade, but part of it, I.e. 0.01 of a trade, so it would cost average and close a part of the trade.
I felt the advantage this gave is in heavy trends, with small retraces it allowed to bite away small chunks, whereas the retrace might not have been enough if targeting the entire trade. Therefore the overall DD would be less if the trend continued.
Let me know what you think
Just thought I'd give you an idea on cost averaging. The current system works well. There is another system you may know about as well.
Once upon a time I used an EA, that cost averaged like yours, except it didn't look to wipe out the entire furthest trade, but part of it, I.e. 0.01 of a trade, so it would cost average and close a part of the trade.
I felt the advantage this gave is in heavy trends, with small retraces it allowed to bite away small chunks, whereas the retrace might not have been enough if targeting the entire trade. Therefore the overall DD would be less if the trend continued.
Let me know what you think
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