DislikedThe best trick with grid traders is to cut your losses at a certain point and turn it off when the market is not behaving.I believe that is what Max is trying to do with the take your profit and run. The big issue though is that you MAY BE cutting your winning days and you will end up riding your losers.
Ignored
I don't think any EA can be considered to be truly 'set it and forget it'. I am currently on demo and looking to go live soon. My approach is to leave the EA whilst I am out at work or sleeping to do it's own thing. When I am able, I check in to see if any pairs are in deep draw down. If a pairs goes into the final stage of recovery, I close the first trade at round about 're-entry line pips' past the latest re-entry line. This gives another stage of recovery, but at a greater distance away. This would continue until the BE line is hit.
It is wrong to assume that any system can be loss free. It is just a case of deciding when to take the losses, and how to keep them to a minimum.
Cheers, Beastie.