Week of 6 Dec - 11 Dec
Megadroid 1.21 standard setup only trading EURUSD. I did close one trade early for an 8 pip profit instead of the standard 10 TP.
Week of........Wins....Losses.....Pips
Dec 6-11 .........3..........0...... 19
After watching MD behavior on a periodic basis, it is fairly obvious that the 10 pip take profit target is rarely hit even though MD has good entries. This is due to the nature of the market during this low volume period. Many times MD ends up with small profits because it closes trades before the Asian open...still profit but very small. I have come to the conclusion that it is best to manually change the TP to a smaller value and increase the trade size. I will be testing this strategy.
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