Ideas for Money Management?
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Hello all,
My best Expert is able to achieve only 10% a year over the last 10 years w/6000 trades. It does really good during some sections and gives drawdown in others, but the fact that it survives all this tick data and stays above water is great. It works on a few different pairs and a few different time frames and all in all is as solid as I've seen.
I'm looking for ways to improve my Money Management. Here's my current methodology:
ATR (21) from the H4 Chart is the distance for the Stoploss
High/Low from the last daily bar is the target.
This seems to give the best results and the winners average larger than the losers, as does the biggest winner over biggest loser. I don't use anything else besides that. I've tried trailing stops in the past and only been sorely disappointed with the results. I need ideas to try and make this thing a little leaner. I am not satisfied with 100% after ten years as I can easily pull that off with stocks and no automation in a much shorter time frame.
I'm willing to post up materials if someone thinks that will help them to assist me in this...
What works!?