Hi,
I have been experimenting with a 100% fair value robot with no stop loss. The results can be very impressive in backtesting, sometimes winning over successive years with acceptable drawdown. Eventually though, the big drawdown usually comes and blows the account. I ran a test on 15 pairs from 2008 and three pairs actually stayed in profit throughout with the other 12 pairs blowing up.
I then ran some blocks of trades using a martingale with larger lot sizes. I'm currently trying to find a strategy where I repeatedly run blocks of 10 trades on three pairs simultaneously knowing that one and rarely two pairs will fail, but unless all three blow up over 10 trades it will result in an overall profit.
Prior to this I have focussed on trying to make consistant, lower level profits with my robots and this is a refreshing alternative approach.
Has anyone else taken this route? Are there similar, established trading or money management strategies out there that work?
Mike

Hi Dave, kind of... My backtesting could not be repeated on demo or live trading with current spreads. The various bits of advice were probably spot on. The missing history, the low spread setting and the period of testing can all skew results. I've had lots of successful tests on different robots. Finding a robot that is consistently profitable over time on different pairs in all markets with larger spreads taken into account is looking impossible. That's what makes trying so enjoyable for me! Good luck with your robot!

@l-andorrà Thank you again. I continued to search and found this solution, suggested by your good self to another forum user. It's not that I don't want to extend my knowledge but if a more simple solution exists I'd be happy using it! Anyway, the possibility of my equity increasing seems to be increasingly unlikely!!
https://fxdreema.com/shared/OSiuqqYZc

Hi,

I have a 'close losable trades block' to close unprofitable trades that are losing by a certain amount of money. I would like this amount to increase as my account size increases. What is the best way of doing this?
I can't yet work with code, variables or loops... possibly now is the time to learn! Unless there is a very simple solution?
Thanks
Mike

Wrong link!

Decided to rethink this. Post deleted.

Thanks for the responses. It seems to be about the spread. Anything above 2 and the robots performance worsens. Adding a maximum 2 spread block reduces trades and worsens performance. Hmm?

@mikehzzzz I had been making changes in an attempt to reduce the loss rate when it produced this result. It didn't reduce the loss rate from previous tests but the profit was significantly higher. I'll be interested in your thoughts. Thanks, Mike

@l-andorrà Thanks. I did test on every tick. If you enlarge, you can see this in the image.