at Friday there where already 6 Short Positions open .. with about 11% drawdown.
on Monday, US2000 Gaped UP. and raised steady all day. while set on the 5 Minute Chart. the SELL Part of the EA did continue to buy until 128 Contract Short order where reached.
we Turned Off the AutoTrade Feature of MT4. and removed all TP Settings at this point.
then the price fall massively (as expected) and all positions where manually closed out Pushing the total Gains to a Whooping 91%.
as a result of a hot discussion on how Algo/EA do burn your account on a regular basis.
we take on the challenge and try to find out how well this may performs.Startet a new VPS with Metatrader 4
This will trade the Russel 2000 (US2000) Index on the 2.0 Setting (mean fully martingale)
Please note, this is NOT a test on if it can survive or not!
it is clear at the beginning already that this setup will Destroy/Blow the Account at some stage!
The mission here is to find out how much Money can be secured before it happens.
on the first 300% Gain (mean account balance reaches 30.000$) we will remove 15.000$ to lock in profits and the initial investment. we will figure out some plans later on how we keep it going.