It wasn’t a good week for the EuroBlaster demo as it struggled all week to recover from the trade taken on Friday, June 12. This week the drawdown on that trade got as large as $2,500 at times, or almost half our account. The trade came within 29 pips of being stopped out before heading back up. At week’s end, that trade is still in drawdown by $1,122, and while the trade is closer to the take profit than the stoploss at this point, it is very much anyone’s guess how this trade will end up.

I should note that Patrick sometimes does not let his EuroBlaster trade on Fridays. Obviously if I had restricted mine from doing the same on June 12, I wouldn’t be facing this current drawdown. It sounds like that may be the safer way to trade this EA, and thus I have set the “Trade_On_Friday’ parameter to “false” going forward.

Also, I have changed the “RiskPercent” setting from 5.0 to 2.0 going forward. Using 5% still leaves you open to too much drawdown when a trade doesn’t go the way you intended (and believe me, it will happen eventually). So, to review, for my demo I am using the conservative preset with MM turned on, the risk percent set to 2.0, and no trades on Friday.

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