I wrote this a few minutes ago over at Forex-TSD. Post 3916
Equity has dropped to $427, was as low as $330 a few hours ago. I’m holding on for a recovery but probably should play with the 4.set but have not yet. My concern is as soon as I start the 1/6 will kick back in and work fine and I’ll be stuck with a semi-hedge and maybe a few more losing positions. I have traded my account with default 2.2 settings except for MM=false, mini=false, micro=true. I have traded only .02 lots and a couple of .03 lots. My leverage isn’t that large at all and I am getting killed. I want to make sure my account lives another day so I will not bastardize the original 1/6 strategy yet. Take a look at my LIVE account for the folks looking at starting. It’s bad, but I do think with time and a few tweaks we can get this EA working. Last week was a disaster for everything, the S&P was clobbered as well. I lost more money there last week then I would ever dream of trading in forex…yet the $900 I’m down off my highs of $1341 pi$$es me off many times more. Maybe because I want to find a fun EA that works. I think with money management and lot management and pair management and hedge management and whatever else we up come with will work…but only time will tell.
I hope we ALL get a nice recovery, live through this and build a better EA together.
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