FSA account<\/a>. The reason is very simple, when you choose to have strategies trading for you; you forfeit your right to control what’s going on.<\/p>\n<\/span>Despite all the above, there are still many things you can do in order to adjust the strategy to your needs. Let’s try and figure those out:<\/p>\n1.\tIf I want a short-term strategy, then by definition my greatest concern is how the strategy has been doing recently. So when I need to sort the strategies’ Time Frame<\/strong>, I choose “Last Month to Date”<\/strong>.<\/p>\n2.\tThen, naturally, I look at the Profit ($) factor<\/strong>. Just like any aspect of life, it is recommended to follow the winner. It can’t promise us that the strategy will continue to see profits, but it’s for sure the best alternative.<\/p>\n3.\tNow, you have to make the first difficult choice \u2013 sort by Max DD<\/strong>. Max DD means Maximum Draw-Down, which means what was the worst losing sequence in losses for the system denoted in pips. In general, the first thought that comes to your mind is that you want the Max DD to be as low as possible. However, bear in mind, that strategies which were built for short-term profits, are also exposed to large quick loses, which means that their Max DD could be relatively high. Take this under consideration upon choosing a strategy.<\/p>\n4.\tRemember, the major currency pairs don’t tend to fluctuate harshly on a regular basis. This means that if you’re looking to see large profits quickly, you should consider using strategies that trade the more exotic pairs <\/strong>such as GBP\/CHF, GBP\/JPY, EUR\/CAD, etc\u2026<\/p>\n5.\tOne last thing before we say goodbye. Some of you may not be aware of this, but you are perfectly capable of closing a position manually. If you wish to see quick exits, but the strategy doesn’t “obey”, don’t hang on and wait for the system to close it \u2013 close it by yourself!<\/p>\n","protected":false},"excerpt":{"rendered":"
First of all, before we get more into details let me just restrict myself. It is impossible to have a 100% control on the FSA account. The reason is very simple, when you choose to have strategies trading for you; you forfeit your right to control wha…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21970","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21970"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21970\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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