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Merrygoround
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FGT-Real01
in
Trading Systems
Aug 24, 2011 at 20:28
I bought this EA some days ago. Gold peaked two days ago at 1900+, and the EA loved that. It made some very profitable trades. But what I suspected has come true: this EA has no money management whatsoever. When the gold started to tank, I noticed that the EA held on to some buy-positions made at the highest levels. My account is really not that big, so the equity dropped by almost 35%. I manually closed all trades and disabled the EA. A good thing too, it appears. Gold keeps going down. @ Faiz, do you realize how many accounts have been blown today because of your EA? Just look at your drawdo...
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