Quote:
|
Originally Posted by mikejody
Some people are just really afraid of risk. But there is risk in everything. I can imagine the Wright brothers hearing, "that airplane WILL crash, it is just a matter of time!"
I'm a pilot for Continental Airlines and am glad the Wright brothers persisted through the naysayers and non-risk takers to develop airplanes. Yes, some have crashed, but the norm is safe transportation for millions of people.
I view that much like this EA. Yes, it could crash. But I believe the norm will be a profitable trading system for a long time.
Start small, go slow, pretty soon we're flying high .
|
Thanks Mike. I'm certainly going to test it unless I find something that works my account will be blown again anyway so risk is not a problem for me as trading and losing consistently by manual trading is even riskier
Is it not possible to run these type of EA'S alongside another EA that works for trends so if a massive trend does blow out this type of system the other trending method will cover it with the gains it makes in the trending market.
Another option although possilby more expensive could be to hedge against a big market move by using a service such as betsfortraders.com to hedge but this would cost quite a bit of the profits.
I look forward to following this thread.