Quote:
Originally Posted by VSFX
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There is two ways to trade method:
1. If you don't want any losses you do not use a stop loss. Without a stop loss there are no losses only wins. With this comes drawdown that can last for long periods. If you calculate the possibilities of how far down any pair can possibly go this analysis is available with the program due to its reporting features.
2. If you do use some type of stop loss method you will of course have losses. This method is based on trend trading. The markets consolidate like they are now all trend-based methods fail. However, with the EA you can set it to trade on smaller time frames which can trade in any markets you just need to be more nimble and take quicker profits.
Serious traders should have two types of methods available and be able to identify when markets are trending or ranging. In the case of my EA it's obvious that markets trend when the monthly, weekly and daily are in the same direction.
Don
