Loss control

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I am using an ea that is more of a scalper. Makes

Lots of small profit trades.

But need some idea to avoid loss that wipes out all gains

What can be used to control and minimize losses

 

Stop Loss.

 

or exit on the other indicator (if it is really trading system traded manually).

or martingale but it will increase the risk of using of it.

or fibo/pivot

or suppoer/resistance by simple MA.

and so on ...

In anyway - you need to come back to the original system and try to trade it manually to understand the several levels of exit (by indicators levels, MA channel levels etc).

It is impossible to tell exactly without your source code of your scalper.

 

or look at this thread

https://www.mql5.com/en/forum/177643

as it was similar discussion from some time ago.

 

To limit losses you can use

1. Stop loss

2. Trailing stop loss,

3. Partial profit

4. Breakeven

#1 and #2 are built in metatrader platform. For #3 and #4 you need to use a special EA or make changes to your EA.

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