I received many messages about the DD of monitoring signal. So I decided to disable the monitoring. I must write some explanations for all traders :
Signal made 412% profit in 40 days. Max DD was 35% at one point and Average DD was 7%. This DD status is normal and acceptable for such a high return rate. These results show the potential of profitability of EA.
Screenshot of the latest status of signal is attached below.
Of Course to reach lower DD values, must :
1. Disable Grid (Averaging) option and use recommended SL values. or Use lighter Grid settings
2. Enable daily confirmation of signals on the EA settings3. Use higher timeframes for trading.
4. Use lower volumes for trading.
Also I received many messages about the SET file of the signal.
As I answered on comments and on PVs, I changed SET files weekly based on my experience and my prediction from market conditions. So please don’t use my sent set files for all of your trading time.
I am working on an algorithm to make my experience and my prediction automated and will add an option ” Smart Auto Change of Settings on Each Week” to the EA on a Major update. Coming soon …
Screenshot of the latest status of signal :
Image and article originally from www.mql5.com. Read the original article here.