Money management is a very important thing to consider to know whether an EA made profit or not. Since there are times when there are no profits and sometimes there are loss. There is not an amount of logic or amazing backtest which can tell you whether the EA is great or not. So make sure that the inputs are sound in your money management.
But the problem is that most of the traders don’t have any idea what a money management is or how can you use it for their advantage. The importance of money management applies when the manipulation of your strategy of the position sizes on different trades to ensure one’s positive account. These position sizes should steadily grow along with the growth of the equity.
Almost all EA’s experiences losing streaks. No one knows will they be perpetual or whether it makes no profit at all. There are times when your EA makes profit and inevitable indeed for some losing streaks and wipe your hard earned account. Therefore you must be able to know in advance as to what degree the losing streak would be. One example of a weak money management regulation is Default Ilan-TrioKS v1.45 – The new SUPER Expert Advisor. This is a great EA but not good at money management.
Incoming search terms:
- iland-Trioks v1 45