Quoting monoDislikedHi Zarni
Well, I agree with you to a certain degree, it does sound scary. I am waiting for that day and until it comes, hopefully i'll have enough funds to cover my losses.
What do you define as short term? I'm currently testing Firebird ( into its 5th week) and with its record of 171/1. I had my doubts, so I started a another test and then another, all with the same/similar results. You cannot ignore the results. Its doing something right.
Hopefully Phoenix will do the same or similar job.
P.S.
If u can make any system work at near to no loss, I would like u to show it. Maybe I'll use yours to go live.
MonoIgnored
I can literally give you 10s of systems that would book similar results with a SL of 300. That is not saying that Phoenix is not good system. I am not knocking the system. Just knocking the method that you are using
All that needs to happen is when you go live for the market to go in strong trend and your account can be wiped out pretty soon with that kind of SL.
You could do 300 SL but you need to trade microlots on a 5-10k account otherwise the drawdown and risk can kill you.
I do have some systems that are a lot less drawdown however they are very complex and probably impossible to be coded in EA.