View Single Post
  #15 (permalink)  
Old 05-04-2007, 05:07 PM
pipsweak pipsweak is offline
Member
 
Join Date: Mar 2007
Posts: 64
pipsweak is on a distinguished road
Quote:
Originally Posted by mikejody
I thought I would share with you my nuance of how I personally trade the V1andV2mini EA.

I take profit every 5%, closing every open order at that time, and then start it back up again.

I learned this from a friend who is in Freedom Rocks, which, like this EA is a hedging strategy. He has taken profit every 5% and started over, and is doing very well.

So this is what I do as well, and it works really well.
There will still come a time when the system blows up and you will blow the entire account before you are able to make back your original investment, as shown in the backtests. It appears that 07 has been good for this EA, but try 05. The fun won't last forever.
Reply With Quote