There are several steps from the initial idea for some rules that the trader thinks could be profitable to the moment when we start trader on a live account with these rules. In this article, we will introduce you to the main stages in the process...
Choosing the right money management for an expert advisor is crucial. Choosing too big lots can bring a big profit, but it also can ruin expert advisors with good performance. Choosing too safe volumes can result in poor performance.
Markets change, and an expert advisor with fixed rules, can't live forever. We need to understand its life cycle so we can be prepared for the moment when it will stop working. The longer it is working doesn't make it safer. It makes it closer to the point when we must expect the "bell" shape to appear.