Kenny,

I don't want to turn your thread into a mess by discussing strategies, but here's all I can offer regarding EA trading.

1. Forget the auto pilot 2-way bullshit. YOU must set it for "unidirectional" -depending on your personal market sentiment (a.k.a - hunch).

2. Having said that (and considering my market theory), forget all the EA's with directional logic...they're useless to you if you're good on the price direction. (If you're not good on price direction... any EA will take a loss).

3. Bust out a grid, and figure out a safe spacing ratio. Then, skinny down on the sizing, and wait for a nice 4 hour pull back. Set up some limit orders, and let the little F'er run.

4. Profits... check back in 4 to 8 hours... if you got em, take em. Then repeat.

5. No profits, no problem. Simply close at (your) predefined equity DD, double the sizing on a new directional change. Losses made up, and new money in the bank.

6. Keep a tally of the losses for every close. This way you'll know when your back in the money from the double down.

Initial 1:1 is strongly recommended. Let us never get to the point when we start fooling ourselves into thinking that we're getting pretty good at picking direction. Being right on a move is a seasonal phenomenon. You might be on for Spring and Summer, but Winter and Fall might really suck. The only edge is the creative use of leverage.

MM

Sorry for the verbal mess above, here's a picture that should pretty much sell the concept...

Attached Images

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