Hi,
Many trade which touch Take profit (TP) closed in negative. My TP is 30 pips.
Trade screenshot :
Please explain me, TP trade must be in positive but these are closed in negative.
1 Like
who is your broker?
A problem is that your TP’s for Buy trades are lower than your entry prices and your TP’s for Sell trades are higher than your entry prices…
1 Like
This many losses, I suggest you reduce you reduce lot size. Trade 0.01 lots. The smallest lot possible. After a few wins, start increasing lot size.
All that red looks familiar to me. I’ve seen it.
I don’t know how much money you have. Even if your account is so large that you can afford such losses, in my opinion, it doesn’t matter. I think we gotta respect money more. Hard to earn, easy to lose.
Improve your strategy’s execution. If it backtested well, then the problem is your execution and management of emotions.
Maybe I’m wrong. The profits are there. But something is stopping you from taking them.
It’s up to you to figure out what.
I’m surprised your broker’s platform allows you to place an order with a TP below entry. The platform should stop you and tell you that your TP is on the wrong side of the trade.
1 Like
FBS Broker
But how that possible to set TP at below order price (BUY/SELL)
I have more win trade then loss trade, I have just filtered my loss trade and taken screenshot.
I’m surprised too, i am not trading manually, it EA which trade and set TP/SL based on algorithm.
Oh wow. Good for you! Well, I know nothing about that. Haha I’m out!
I think your EA is sabotaging your trades.
1 Like
I’m supposed to be out. Haha
But @tommor could be right. A target should be above your entry for buying, and below entry for selling. Which he said already.
Maybe fix your EA.
1 Like