I have been trading an EA live for about 40 days now, and am trying to figure out the best way to diversify risk while making money. The EA uses an automated hedging strategy and functions alone 80% of the time. The other 20% I either intervene or make my own manual trades.
What I want to know is, if there are others out there trading on EA's with most of their capital, how do they set it up? For example: I have 150k in 5 accounts with a balance of 30k at the start of the month. I withdraw profits (or add to losses) and have it in different accounts with different currency pairs to diversify. I have tried to find the "magic" number when it comes to the amount in the account for margin, which currency pairs to trade, how many to trade, and at what lot size.
I welcome all suggestions even if it states that I am an idiot and have a terrible set-up .
What I want to know is, if there are others out there trading on EA's with most of their capital, how do they set it up? For example: I have 150k in 5 accounts with a balance of 30k at the start of the month. I withdraw profits (or add to losses) and have it in different accounts with different currency pairs to diversify. I have tried to find the "magic" number when it comes to the amount in the account for margin, which currency pairs to trade, how many to trade, and at what lot size.
I welcome all suggestions even if it states that I am an idiot and have a terrible set-up .