Quote:
Originally Posted by eagle4x
Been demo trading with PID since the beginning of the week with 50K. So far, up about $4.5K in closed trades and -$1K in open trades. What I don't understand about this EA is why it usually enters trades against the trend. For example, yesterday and today, it has been entering sell orders on EURUSD while the pair has been trending up and increasing the lot size with each trade.As it is, with out any stops or trailing stops incorporated in the EA and esp. because it enters trades against the trend, I would not trade this with a live account.
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With any type of martingale strategy, one must be careful and prepared to lose their whole account when a monster trend appears. But I think if you understand this, then you can adjust to this possibility as well. Like any EA, with the added risk comes the rewards, and if you have an apetite for risk, then you roll the dices.