Quote:
Originally Posted by IN10TION
:: Why don't you use a proper stoploss? Or at least the ability to protect your account in a better way?
IN10TION
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Stoploss is there and will activate when any profit is hit. On the other side I understand that trades will go into a negative position and also understand that currencies recover,, that is why we are trading mini lots , not "large" lots, unless a trader has a lot of funds to play with.
The program is designed to help the small trader, with around 3k to invest and wants to acheive around a 20% or more return in a year on his investment.
Most traders look for those "huge" rewards, in a short period of time. Perhaps that is why the stats are around 90 percent, of new traders that lost it all.
I am not trying to be smart here, so please do not take offense to any of this.
I have traded for four years now, lost a small fortune, and finally recovered. I run a great newsletter service, which I will not mention here, as I am not looking for new clients in this forum.
This EA will make the small trader a profit given time and patience.
Having said all this, I am now working on a new re-write that will only trade those currencies with a
positive "swap" rate, a currency that actually
pays you interest in a positive rate even if the trade is in a losing position.
There are many experienced traders that trade only on what is known as a " Carry Trade" designed to make money, on the interest, and not worry whether the trade is in a positive position or losing position. Once enough interest has been made then they close out the trade with even a few pips in positive profit.
We have all seen how the markets re-act when large traders dump their carry trades in the middle of the night and other traders lose a fortune.
I look forward to members input here and for tose that are uncomfortable with not being able to see the stoploss remember that the finished version will allow you to set any stoploss you desire.
Bernard
To Success
NEW UPDate! 04 Nov. 09 
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