Thanks for the reply, Petko!
Unfortunately, right after the EAs made that $13,000, it had a 7-day losing streak and created a -$3,000 loss from the initial balance on the account. Then it went back up to a measly $900.00 profit the next day and that’s when I pulled the plug for the free retry. ($16,000 is the profit target in this situation with true forex funds)
In a previous post on a different thread, I was doing a similar process with 10 – 100 pips SL and TP. I was struggling to find enough strategies that fit the acceptance criteria.
Samuel suggested I increase it to 20 – 200 SL and TP.
I was able to find enough strategies then and so I kept that criteria ever since.
This is a good point. If I cut my losers early it would be better.
Assuming I’m able to get the criteria to generate enough.
Maybe a stop loss of 10 – 100 and a take profit of 101-200 or a take profit of 20 – 200 or something like that would be better.
Looking forward to Samuel’s reply as well if you have the time to do so. :)