Hi Petko,
I have quite a few questions so I apologize in advance for so many of them..
I have been using the top 10 profitable strategies from EA (EURUSD, GBPUSD) and in the last 2 weeks they gave me losses. I am wondering if I am doing something wrong. So here are the questions
Question 1) What timeframes do you recommend me to use for EURUSD and GBPUSD? I have been using M5, M15, M30, H1 & H4.
Question 2) In order to select which strategies to trade in a real account I do the following steps:
Step 1) I generate strategies in EA Studio. And put them in Demo Account
Step 2) Every weekend I check the top 10 Strategies that gave me 3 or more trades and profit factor >1.2.
Does it make sense to do this every weekend (so 1 iteration every week) or shall i wait more?
Question 3) Every weekend I ran the EAStudio for EURUSD and GBPUSD and create new strategies and I put them in the DEMO account. And then wait til I have at least 3 trades to analyze. Is this correct? doest it make sense to do it every week?
Question 4) Stop loss I am using Fixed or Trailing. Do you recommend it? or shall I use Fixed? What about Take proift do you recomend to always use it?
Question 5) EA Studio has an option that says close at Friday Close. Basically closes all trades at the end of the week. Do you recommend using it or it is better to drag the trades?
thanks and again sorry for all the question
F