Stop adding to losers EA?
Hey all, I have been very good about not adding to losers of late and only adding to winners. But every once in a while it seems my reasoning stops and i trade on emotions and try to average the loser. I have done this well most of the time, im sure some of you have as well, but when it doesn't work out its a huge disaster. So is their an EA that would somehow stop a trader from adding to positions that are in drawdown? Thanks much!
Hey all, I have been very good about not adding to losers of late and only adding to winners. But every once in a while it seems my reasoning stops and i trade on emotions and try to average the loser. I have done this well most of the time, im sure some of you have as well, but when it doesn't work out its a huge disaster. So is their an EA that would somehow stop a trader from adding to positions that are in drawdown? Thanks much!
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Hey all, I have been very good about not adding to losers of late and only adding to winners. But every once in a while it seems my reasoning stops and i trade on emotions and try to average the loser. I have done this well most of the time, im sure some of you have as well, but when it doesn't work out its a huge disaster. So is their an EA that would somehow stop a trader from adding to positions that are in drawdown? Thanks much!