Good to hear Woodlands,woodlands » Wed Sep 10, 2014 7:18 pm wrote:I am using Spiders ALR2 with manual entry from Bold Trader's FXD01 (dashboard by Elixe). The loss recovery is working fine with very occasional irrational positions but as they are stops can be adjusted. So far it seems to be a comfortable combination for my taste in risk management.
http://www.myfxbook.com/members/woodlan ... vps/999214
my experience is most positions can be closed at BE or slightly better.
But, I had only one bad trade/position killing all profits.
It hit the ALR border at ECB news after a few previous 'hits'.
So: a large position-after a few ALR band hits- with wide spread during news can be nasty.
Backtests will not show this.
and again: stoporders used in these EA's can give LP's carte blanche.
best L.