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Dear ZULU-community:
This EA is trading the pair EUR/USD on the H1 timeframe and is opening trades in both directions (LONG/ SHORT). The backtests were promising and the EA was running for a half year on a DEMO Account. Since september 2022 the EA runs on a LIVE Account. For this strategy you should use an ECN broker or a broker with a low spread. The reason is that this EA opens up multiple positions over a trade and high spreads would kill your profits.
Regarding the lot size we recommend 0.01 per 1000$ to be on the safe side. By looking at the backtest it should be no problem to go up with the lot size but please notice that by increasing the lot size also your risk of getting stopped out increases.
Recommendation:
High drawdowns are not likely but sure possible. We recommend to withdraw a part of your profits and not directly increase the lot size after getting some profits. Stay safe.
Disclaimer:
Trading involves a high level of risk, and past performance is not indicative of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading/ following decisions. Any information, commentary, or opinions provided on this platform are based on market conditions at the time of writing and are subject to change without notice. I do not guarantee the accuracy, completeness, or timeliness of any information or trading signals provided, and shall not be held liable for any losses incurred as a result of using this platform. By following my trading signals, you acknowledge and agree that you are solely responsible for any trades you make and that I shall not be held responsible for any losses incurred.
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