I agree TF … the Bot can start loosing money with or without Elliot waves, Fib retraces… and those things can happen also 100 bars later … but if losses on trades (not at beginning) do not take my starting equity below zero then I can live with that. Reason: because I wouldn’t have that profit to lose if I had not run that Bot.
I find a loss of my starting equity a big turn-off and was only suggesting a way to limit this ‘bad beginning loss’ to some pre-defined figure (£50, £250 whatever) so that I live to fight another day. 🙂
I wasn’t suggesting that Elliott Wave Changes, Fib Retraces etc only happen when one has just started a Bot running.
This has been quite a lively discussion, certainly got me going … I think it was the emotive title that drew me to it, so thank you for that TF.
Please continue anybody, and yes I will incorporate the beginning loss limiter into my Bots in future … I’ve talked myself into it now! hahahah
Best Regards
GraHal