It is better not to mess with EA parameters (small talk)
Among buyers, there are those who want to profit right away, not in the long term.
They keep seeking the Holy Grail EA, purchasing it, running it, and maintaining expectations beyond the EA’s capabilities.
As a common pattern beyond that,
▼ tweaking the parameters
There is this.
○ To be clear,
▼ It’s better not to tinker blindly when you don’t even understand the logic!
What this means is that, for a legitimate developer, the parameters are set to enable long-term profitability.
It would be nice to hide the parameters internally to prevent tweaking, but
TP and SL are usually included as parameters in EAs.
▼ And beginners find TP and SL the easiest to adjust!
▲ If there are reasons like “the most recent backtest shows this value is better,” that’s fine,
▼ Merely disregarding the EA’s characteristics and just insisting that losses be within 30 pips isn’t a good idea,
▼ It isn’t wise to emotionally adjust TP or SL after seeing only a few trades.
▼ Even if you managed to obtain a good EA, you aren’t using it effectively.
▲ In the first place, many people moved from discretionary trading to automated EA trading because they couldn’t trade well by themselves,
and the act of tweaking parameters adds a discretionary element,
▲ In other words, don’t you think the chance of failure increases?
▲ Of course there will be times you win or exit at the top and bottom, but that’s short-term. If you could do that long-term, you wouldn’t need to use an EA and could trade discretionary instead.
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