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Author Topic: Harmonics Trader EA  (Read 265037 times)

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1575 on: February 21, 2019, 03:07:06 PM »
Re point (1)
those 3 trades are actually one trade only broken down so that they can be easily partially closed and managed with their own appropriate trailing stops, isn't that so? If you spread the entries around then you're getting into grid basket territory which is not immediately a bad thing but Harmonics targets are usually quite big compared to stops so not sure how much we can gain by placing trades a couple of pips further apart compared to potentially missing entries altogether with 2/3 of the intended position? Entry accuracy would have to be looked into obviously, if entries are accurate enough then the risk of missing out could be much greater than the potential gain.
Amen to that 👍

About Humble Tr's point 2: % Risk IS what it says --> 2% Risk per Pattern.
Really, the best and easiest way to reduce risk is to lower your account leverage to about 1:30.
That way it almost never trades a second pattern or at least lowers its lot size drastically.
(I used to have an account with leverage of only 1:30, so I know)

I always listen to suggestions and if they are an improvement I go for it.
But won't switch back and forward between things I have tried in the past (since 2012!)
Plus, I can't possibly please everybody at once 😕
Anyway, thank you all for your input!
Walter
http://waltsoft.be

"Simplicity is the highest goal, achievable when you have overcome all difficulties" ~Chopin~


 

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