I have much respect for traders that manually trade and are able to control their emotions. Having full control over emotions, even with an EA, can be difficult but I believe there's a reason for the greed problem. If there is a solution to that problem then there wouldn't be greed, or at least it wouldn't feel like one is being greedy.
I had a feeling based on technicals that it wasn't a good day to trade EURUSD that day where the drawdown began but, I wanted to keep the EA running 24-7 on EURUSD.
This put me against a 160 pip movement and prompted me to find a method of selecting which pair from majors should be traded for that day. I'll be using that method moving forward.
With the new method of selecting a major, similar situations should mostly be avoided and when the occasional events where this will happen again occurs, I would have a bit more confidence in this particular strategy.
1000% by the end of 2018? I'm half way there in 10 days! lol
now, the important thing is that you shouldn’t fixate on the percentage of profit. what you should care about the most is having a solid trading method.
what is a solid trading method?
to me its a trading method which is based on real principles of the market (not indicator bullshit, I don’t use indicators at all, well except the moving averages) and it has a good risk to reward ratio on trades (meaning, you always aim to gain as much as you risk, or more) and the method should be scalable (you can use it on both small and big accounts if you just scale the size of your positions accordingly)
you should focus on that first. figure out your own method and once you have it all laid out, start trading it with real money. you will see that even when you start on a small account, you might have a higher risk, but you can slowly scale your positions and reduce your risk significantly when the account grows a bit more.
