Please realize this is all experimental. I have seen approx £1800 draw down with these settings this is not what is advised by the modest ea team.
I started this with a demo account of approx £9,300
After seeing multiple trades I reduced my lot sizes and equity target and take profit per symbol. I have pro rata the lot size and equity target and take profit per symbol against the setting provided by modest ea team.
I am presently running
0.05 on 1 minute chart with 50.00 as both equity target and take profit per symbol
0.2 on 5 minute chart with 50.00 as both equity target and take profit per symbol
I am running both LR AND HR on same account.
Having wasted ten years on forex and a lot of money I have realised I am rubbish at trading and feel that fast in fast out is what I trust. All brokers are thieves and are slaves to their liquidity providers. So I am quite happy testing until i feel comfortable with results.
I started this with a demo account of approx £9,300
After seeing multiple trades I reduced my lot sizes and equity target and take profit per symbol. I have pro rata the lot size and equity target and take profit per symbol against the setting provided by modest ea team.
I am presently running
0.05 on 1 minute chart with 50.00 as both equity target and take profit per symbol
0.2 on 5 minute chart with 50.00 as both equity target and take profit per symbol
I am running both LR AND HR on same account.
Having wasted ten years on forex and a lot of money I have realised I am rubbish at trading and feel that fast in fast out is what I trust. All brokers are thieves and are slaves to their liquidity providers. So I am quite happy testing until i feel comfortable with results.