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Suggestion My SK-DOUBLE-AVERAGE EA. Free

sharask said:
After testing different EA's and reading many forum, I found one idea. In short:
1. Try to find profitable pairs and settings. Don't open too much orders - max 9-10, so DD will be controllable.
2. If you have a trend and big DD (e.g. 15 or 20 percent), stop trading. If DD will increase, lock loss orders.
3. Start using special EA, so called "Recovery EA". It trades on new price level and closes loss order from it's profit. I'm working now on this project also (how it works you can see in the attachment).
Click to expand...

I have an interest on your recovery ea
 
A little bit philosophy at weekend... :)

How much profit do you expect from Forex trading?

Most new Forex traders have unrealistic profit expectations. They think it will be possible to make 25% – 50% or more month to month. They have dreams of turning their small account into a very large account in just a few years.
If we make some search on internet, we can found that successful professional traders make no more 10% profit per month (and this is maximum! More often - 5% or less...).

Now look at some topics in discuis forums:
- "Looking for the EA to make 100% profit per month"
- "Profitable EA! 1000% profit per week!!!"
And, of course, it should be low risk, low DD, never losing EA...
Really? We expect results from EA, that are unreachable to professional traders!?

Trading with EA also requires efforts. To be successful:
1. Find EA with understandable and comfortable for you trading algorythm. Best way - write by your self or order EA by programer with your own proven strategy.
2. Make tests. A lot of tests. Strategy tester don't garanty good results in real life, but if you can't get results in the tester - you won't get any result in real trading also.
3. Control EA's work. Check results and adjust the settings, if it's necessary.
4. And finally - don't risk too much!
 
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