A. Prevention step
to make the set secure, there is a very useful tip that I usually always do, and it requires analytical skills :
1. Press F3 to check pending order
2. do trend analysis, In this example, after doing a trend analysis, I don’t want to trade NZDUSD because the price movement hasn’t really touched the extreme high to sell, so the profit potential is small, and there is a possibility of prolonged floating.
3. deactivate the fx pair that you don’t want to trade by set the continue new cycle = false
I diligently take preventive steps by checking F3 pending orders and analyzing the charts, sorting out the fx pairs that can be traded and those that are not allowed to be traded.
but if after taking these preventive actions it turns out that there are still bad trades, then i do this :
B: Simple strategy to deal with bad trades
here’s my simple strategy to handle drawdown:
1. If the lot has reached a stage of 0.04, immediately do the following 2 things:
2. Set Maxtrade 12 so that EA does not open more positions
3. Set Open Next Change Step Grid on Trend Direction = true so that EA is more selective in opening the next position
Tools that I usually use:
I do an analysis of fx pairs that may be traded and may not be traded almost every day and I use a tool to filter out pairs from opening new trades.
You can get these tools on the Trendline Trade Panel by pressing the yin yang button.
I made trendline trade panel for semi auto trade to practice analytical skills on the backtester.
I realized that humans are better at observing trend movements than automated software, this made me in the early stages of starting to learn coding, I tried to create semi-automatic software to train the ability to observe trend movements as well as train decision-making skills on backtesters, because I saw that we can shorten our training to reach the master level by using the facilities and historical data provided by metaquotes. And from the software that I made, I got some important points that made my trading skills even better, at least I can apply them to the bot that I’m making.
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