Disliked{quote} Hi mightymatt, GBPCAD is a highly volatile pair with a high ADR. For me trading a pair that can swing over 100 pips in a day easy is very risky for a grid type EA, one strong move in the opposite direction and you can get into deep DD fast. I prefer using Hybrid on low ADR pairs, but that's my preference. I set the # steps for step lot to 3 so for each lot step the EA will open the same lot size 3 times before moving up to the next lot step. I found in my testing that using the sum lot was too aggressive and also using 2 steps could cause...Ignored
thanks for all your info and I got similar info via a private message from FXsniper111. I closed all my GBPCAD positions which has pretty much drained most of my gains which is a shame but I would rather that and then move forward knowing that there a less chance of being wiped out! Thanks for the heads up and yes as luck would have it I had only just started trading GBPCAD and there was a large counter move with not a lot of retracement!
From what I can see you are only trading 3 pairs per account? FXsniper111 is trading the following: I have 6 pairs EU-GU-AU-UJ-EG and EJ
I'm not so keen on the AU pair as I have seen this make some large moves also, I guess like most pairs but havent had much luck with AU in the past on demo.
Since changing the settings (apart from the GBPCAD loss) the profit strated to take a turn upwards in % so that was a good sign and like you I'm happy to take a little DD to add to the gain. From what I can see the pairs I was trading before adding GBPCAD were chugging along nicely for a couple of months with fairly low DD so was pretty happy with that. Guess I scaled up the wrong way also at the wrong time .... you live and learn though!
Thanks for your help to date and look forward to sharing performance etc moving forward as nothing beats live trading.
Thanks, Matt.
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