Hi,
I think that money management is one of the most important part in trading.
As I use EA's for trading is money management very easy to implement.
I have backtested my ea and the result is.
Max wins in row : 5 average = 2
Max losses in row : 9. average = 3
So I was thinking that if wins > 4 I will trade a small lot next time ( Or not trade )
and
If losses > 3 and < 8 I will decrease my lots.
Anyone doing such MM ?
Please comment the idea.
I think that money management is one of the most important part in trading.
As I use EA's for trading is money management very easy to implement.
I have backtested my ea and the result is.
Max wins in row : 5 average = 2
Max losses in row : 9. average = 3
So I was thinking that if wins > 4 I will trade a small lot next time ( Or not trade )
and
If losses > 3 and < 8 I will decrease my lots.
Anyone doing such MM ?
Please comment the idea.