Running several EAs on a single account?

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Hello,

I am new to forex trading and need some advice.

If I have an account  balance of $1000, is it advisable to run EAs on several pairs on a single account, or should I rather divide up the balance into several accounts, one for each trading pair.

My fear is that if just one trading pair goes south, it could blow the whole account. Is this a possibility?

Thank you in advance for your input.

 
smspano@hotmail.com:

Hello,

I am new to forex trading and need some advice.

If I have an account  balance of $1000, is it advisable to run EAs on several pairs on a single account, or should I rather divide up the balance into several accounts, one for each trading pair.

My fear is that if just one trading pair goes south, it could blow the whole account. Is this a possibility?

Thank you in advance for your input.

Hello,


Activating the EA on one or more currency pairs with a balance of $1,000 depends on the EA's strategy and the level of risk you wish to take in trading.


If you can provide more details, I’ll be happy to guide you further.

 
Farzad Saadatinia #:

Hello,


Activating the EA on one or more currency pairs with a balance of $1,000 depends on the EA's strategy and the level of risk you wish to take in trading.


If you can provide more details, I’ll be happy to guide you further.

Hi,


Thanks for your reply. This was just an example, the total account balance could be $2000. I could use it on a Dark Venus, I have backtested and optimised results extensively, but in trading you never know what is around the corner.

I intend to use it on XAUUSD and EURUSD, and perhaps one other forex pair. I would feel inclined to keep pairs separate, but if they both go well, keeping them together could have a compound effect.

 
It is very important to know what strategy will be used for trading XAUUSD and EURUSD.
 
Evaluate the strategy and risk.
If you are using a safe strategy or an EA that includes proper risk management and adheres to it, determine your account balance and risk level based on your trading style and preferences.

Be patient in the forex market, and take the time to thoroughly study and understand everything, from analyzing charts to mastering strategies and EAs.
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