Hello
I am a new student for the 21 day challenge.
Right now with the default settings I have an unrealized profit of $131 on the account which is really cool to see.
I have a question.. for the GBPUSD 1M EA .. I noticed that the default settings is .01 lots.. Do I have this correct (as its a lower time frame bot the default settings is .01 for less risk? or is this suppose to be set to .10 lots.
At first I was a bit confused on doing set lot sizes, as I have been doing manual trades and I have a lot size calculator that auto calculates the lot size to risk only a % of the account per trade or risk a set $ amount per trade… However from what I am seeing in this course we are focused on a consistent set lot size? And the losses and wins have some variety based on the distance from our entry to the stop loss? or we could also calculate this and have a different lot size per EA that would reflect how much we want to risk per trade and have all of our losses the same amount of the SL is hit?
Looking forward to continue my education here… I have seen auto trading bots and algos perform well in the past then fail as market conditions change.. its encouraging to see here that we update the bots every month based on performance and we diversify with lots of bots at once.
