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DEALING WITH LOSSES. I have two losses so far out of 28 trades. The first one was my very first trade on this system - GBPUSD for -30 pips (-300 points). I went into the green by many pips, but failed to exit before the full reversal. The second one was AUDUSD and this one was a technical error. I meant to hit the BUY button but hit SELL instead. Operator errors like this are inevitable. The key is to immediately remedy the situation and GET OUT. I was tempted at the moment to stay in, but I had
ADDING MORE PAIRS. While things have been going according to plan, I want more good setups. The three majors I chose just don't always have lots of good movement. So I just expanded from just EURUSD, GBPUSD, and AUDUSD, to now in include EURJPY, GBPJPY and USDJPY. My emergency stop will remain at 30 pips for now. However, this means that my win rate (currently at 95%+) will come down, but we should have more pips profit overall at the end of each week
POSITION SIZING. I am slowly growing my position each 10 trades. I am now at .02 lots. Once I get to .08 lots, I will increase .01 lot per $300 gained. With my 30 pip stop, this should represent a 1% max risk per trade
https://www.mql5.com/en/signals/2379795?source=Site+Signals+Page Off to a great start with 13 trades. just one position at a time. 30 pip stop loss. 90%+ win rate. Can I keep it going
