Experienced a loss this week. The loss was significant compared to the recent profits. Megadroid shorted two trades on Thursday. One trade closed at a profit of $34. The second trade closed at stop loss with $230 loss shortly before the London open.
Week of........Wins...Losses....Pips....Profit
May 17-18.........1........1......-54.....-$204......@0.10 risk setting
I had gotten out of bed sometime between midnight and 1:00 AM EST to look at the trade. The second trade had retraced and was at breakeven. I was tempted to close it but decided (against my better judgement) to let it run and see what happens. When I woke up the next morning I saw what happened. Boy ... I was pissed. Kinda reminds me of my FAPTurbo experience.
I will be changing my strategy with this EA. Losing trades will be closed manually before the London open if the EUR is trending opposite to the trade placed by Megadroid. This only makes sense. There is no reason for Megadroid to hold a trade against the trend for a long perod of time. If I will not be home during this period the EA will off.
Any of your comments are welcome.
Last edited by SquareRoot; 28-05-2009 at 16:40.
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