Thank you Alan. Regarding entry settings, I was wondering why by default these are all zero although if you set them up you would get safer trades but also much less activity. The bot is set not own many trades at the same time anyway, and the schedule and news and equity protection filters that are on by default can offer significant protection I believe. This is why max spread, max open positions and max lot can be both good and bad. Also, I usually cut the lot size suggested by 40-50% to make things even safer. So was wondering maybe the entry protection is a bit overkill if the activity of the bot would be further restricted as from monthly to daily sets the amount of trades fall to 1 trade (month-week-day) although usually the DD is much lower than Y1 or Y5 which offer more possibilities of trading due to larger history data with also better correlated balance-equity graphs.
So I would usually select 1-3 top performers tbh either M or Y1 and avoid W or D most of the times and use them only for confirmation and verification for my selection of the top performers. I would also avoid putting more than 3 bots on same account at the same time and avoid increasing lots at least until I hit a minimum of 3 consecutive wins which then go and scale a bit higher.
Now regarding trailing I do agree that usually will eat to your profits but at least it won’t run you to SL or bigger losses if set correctly. In general manual setting of the SL when the trade is going good is better as well as maybe adding the MT trail after your position is at least 1/3 in profits run.