Go simple, market is random, follow a moving average, buy or sell the direction the moving average is going, set TP and SL to the same value or SL a little bit more and you have a 50/50 chance of winning. That is the strategy that I think is decent. With having a 50 percent chance of winning, then change the trade size based on the previous trade, a loss increases the trade size, a win decreases the trade size. The difference in these trades gives you the profit. I know there are probably better strategies that win more often than mine but from what I have seen, this is the best with the market being so unpredictable. I think 60+ pips of trade are good because the market can spike everywhere so you can be better protected. Here is an image from my current EA that I wrote from a backtest. Time Range is 14 months starting at $5000.
MT4 platform has a Strategy Tester on it that you can use to backtest data against, currently have a M1 EA that looks even better than the one above, just working on optimizing it right now. Already running it though
why would you decrease the size of your trades when you are winning? And it might be a good idea to limit how many times you increase the size when you are on a loosing streak.
