DislikedRegarding automated trading....LTCM. They ran algos, then a black swan got them and there was no algo to get them out of it. It is impossible to account for every variable, therefore, this can and will eventually kill every EA. The question comes up as to whether or not a human, can "sense" something wrong, like when correlations begin to break down. This happened in 2000 and again in 2008. @Rick M., I think this is the wall you hit. Speculation of course. @ryugu, can your EA's respond to a black swan and initiate a portfolio stop?Ignored
Yes, to be exact it was the Flash crash of 2019 that wiped out my EA portfolio. In seven minutes, price moved something like 8 percent for AUD & JPY pairs - the EA's were helpless and no coding could have save them.
Most Algo only prop firms now only run EA's short term, whether that's for a few hours a day or a few days a week.
No serious money trades Algo's long term.
Luckily I also manually trade
Trading thin liquidity at the boundary of the charts