How can an EA make over 207 pips but loose money?

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blackhonor
39
blackhonor  
I have an EA that has made over 207 pips but is loosing money. How could this happen?
Michalis Phylactou
14912
Michalis Phylactou  
blackhonor:
I have an EA that has made over 207 pips but is loosing money. How could this happen?
Lossing trades had much bigger lots than the winning ones maybe.
Alain Verleyen
36050
Alain Verleyen  
blackhonor:
I have an EA that has made over 207 pips but is loosing money. How could this happen?

Because a pip is not money ;-)

I guess your EA is using some kind of martingale.

honest_knave
Moderator
2302
honest_knave  

Also swap from holding positions too long, commission hitting trades with very small targets. Lots of reasons, but nobody can answer definitively without seeing your trade history.

Dua Yong Rew
5437
Dua Yong Rew  
You win 0.01 lotsize of 1000 pips but lose 0.02 lotsize of 800 pips
Michael Maggi
1844
Michael Maggi  

If you are looking at 207 pips on a counter of some kind it may be doing its own math on the trades without considering spread.

Somehow your EA is not actually making 207 pips if you are losing money because it is not counting your expenses: spread, commissions, slippage, etc.

What does your history show on the Account History tab?

Alok Dandekar
731
Alok Dandekar  
Use a fixed position size on all your trades.
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