@Andi-Yes, that’s absolutely right.
I know that I have been chatting with some people and they think that I am creating more work for myself by doing all this analyzing and stuff, but I told them that just because we do automated trading doesn’t mean that there isn’t still work involved. I check on the performance of EAs at the end of each trading session, that way I can catch any that are not performing to my criteria. I actually like the FIFO rule as it forces me to keep up with the analyzing and stuff.
I also have a trading plan where at every 2k USD the lot size for my Forex EAs double in size. When my account balance is at 3k USD, the lot sizes will change to 0.02-0.08 and I will probably continue with this money management rule until I hit 10k. Of course, I do all this is demo before I apply any trading plan/money management risk in live account. And I am only doing this on Forex because the risk/pip in Forex is a lower value when compared to my trading of the commodities.I probably won’t change the lot size of the commodities until maybe every 5k USD, but we’ll see.