I don’t think that is true. BUT I am pretty sure the sl is something like 600 pips so…

if you were trading .01 per $1500 that would be equal to .01 x 600 or 6 ($60) per open trade for three levels or $180

so three level stop loss would be .03 x 600 or about $180 or 12% risk

if it goes into the the fourth level the risk would be 24%

and if it goes 5 deep than you would be risking 48% of your account! So yea yikes not theee safest ea’s but better to know what you are getting into.

Now just to crunch numbers (they are somewhat hypothetical because I don’t have enough data yet but I will soon enough)

but in the meantime…

This ea goes 3 deep at around -180 pips so that is roughly every 60 pips so for the above case scenario (if I am correct)

would look like

-180 @ .03 (total level 1,2, and 3)

-60 @ .03 (level 4)

-60 @ .06 (level 5)

And I think there may be an emergency equity stop loss as well. I will find out for sure.

so my preliminary thoughts on all this are…

If it were to hit a full equity stop it would erase about 5 months worth of gains

I can live with it but alot of this is guess work. I am not comfortable going live until I have at least some demo time. At this point probably until the end of August. The reason is, this ea does not rely on broker feeds because it is a grid and relies on a basket so I think in this case demo results are relevant.

Having said that live forward test is really the only way I will truly know for sure.

I will keep you guys posted.

Thanks,

John

**edit** I think my numbers are a little off. The first three level loss would also depend on how they are opened so

level one would be -60

level two would be opened at the -60 so than by the time level 2 went to -60 level 1 would be -120

level three would open, the first two levels would be -180 and than if this one went -60

the total levels 1-3 would be a combined -240 @ .01 or 2.4 lots or about $240