Cases of taking stop loss with FX automated trading ~ basically do not do it!
In FX automated trading,
we will explain cases when you should cut losses.
Basically, EA have
a maximum stop loss of 100 pips
set, etc., but
often you cut losses before that.
This is called automatic closing
to prevent losses from expanding
by making a stop loss
which the developer has set.
Therefore, based on these things,
one can say,essentially
do not manually cut losses”
meaning that you should not manually cut losses.
However, when the EA behaves strangely
or similar issues occur,
manually cutting losses can be effective
in some cases.
As one of these countermeasures
when the developer updates the EA,
you will receive an email, so promptly
update the EA to the latest version.
Below are cases where it is better to cut losses
and the article summarizes them.
https://salaryman-investment-automatic-trading.com/fx-beginner/fxauto-trade/losscut-timing/
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