Ea calculates lot sizes based on a grand, I think? I could be wrong. It’s opening 0.03 lots on a grand in backtest and forward demo.
If you’re trading a hundred bucks, I would set risk at 0.1 in ea parameters, 0.25 @ 500 bucks etc, use common sense if trading live.
Risk is not determined solely by lot size. There are always other factors involved which exceed the lot size issue.
The brokers recommended by the Mexican guy would not be my preferred choice for trading. I won’t get into details but if you run this ea at any of them, it will most likely not work.
I highly doubt Mexico tested his ea live on any of the recommended brokers. Think about this for a moment. If you had a broker that was paying and paying, would you share it with the whole world? This is an international community, is it not?
The MyFxbook results peaked my interest. Did anyone else notice every listing was an MT5 account?
Regardless, I ran the ea yesterday on a hundred bucks live account, default settings, made 15 bucks.
Today, cut the risk down to 0.1 on eight parameters in the ea, made 5 bucks.
Too soon to tell, but if it keeps this up, I may have to dish out 50 bucks to buy the darn thing.
Please don’t ask what broker I’m using. That’s your job to find it on your own. Put in that work.
Anyone else care to share their experience with this?