The standard TP may be 25, but they are definitely not using 25 in the demo. They are using 250 in the demo. Max win is 250, and average win around 240. If you can realistically grab 250 pips per trade (assuming your account can handle the swings), then you, theoretically should be able to handle the average 1100 pip loss per trade since wins far out number the losses. I would be very interested to know how big a swing you need to handle to take profit at 250 pips on a five minute chart. Sounds to me like any person here could write that EA. Pick a point in time, and wait (no matter how long it takes) for the trade to turn 250 pips in your favor and exit? This is basically the same theory the guys who wrote the No-Loss EA use. Their EA never takes a loss because they never close a losing position. With an infinite amount of cash, that will work, but not for anybody on this board I wouldn't think?
Elite Currency Trader EA
in MetaTrader Expert Advisors
Posted
Re: Elite Currency Trader EA
The standard TP may be 25, but they are definitely not using 25 in the demo. They are using 250 in the demo. Max win is 250, and average win around 240. If you can realistically grab 250 pips per trade (assuming your account can handle the swings), then you, theoretically should be able to handle the average 1100 pip loss per trade since wins far out number the losses. I would be very interested to know how big a swing you need to handle to take profit at 250 pips on a five minute chart. Sounds to me like any person here could write that EA. Pick a point in time, and wait (no matter how long it takes) for the trade to turn 250 pips in your favor and exit? This is basically the same theory the guys who wrote the No-Loss EA use. Their EA never takes a loss because they never close a losing position. With an infinite amount of cash, that will work, but not for anybody on this board I wouldn't think?