DislikedAll I care is... "my EA did not freeze during NFP and actions taken on demo and live account were spot on similar" Good Friday and happy weekend y'all. Keep on waiting but please trade a little bit here and there too. Forum is no substitution of live experience.Ignored
There are two camps:
Camp#1: (I belong to this camp)
- Take profits frequently, grow balance rapidly (100-200%), take losses slowly and "trail" equity to follow the balance curve and keep it within a certain threshold. This allows using no stop loss. This allows chasing a target (Balance) this is somewhat fixed and not dependent too much on price. Do a Close all on Friday
- Take small losses frequency, less winners run, drawdown in balance curve with the hopes of letting equity curve grow. This model required stop loss of some mechanism to protect floating profits
Not sure which one is better (please dont tell me "it depends on on market conditions or trading style" - both are irrelevant)
I feel rapid growth to 200%-300% every week and then book 100%-150% in floating losses at the end of each week is a better model to avoid manipulation and more importantly. avoid "deer starring at the headlight" moments.
EDIT: % is related to leverage and $amt used. Mine is based on $1000 deposits on a 400:1