Another sorry this is mco7 not mco8 (title and contents adjusted)
mco7 is another paroli variant robot attached to FXTM small trading platform trading just on GU. Today it is losing 42% ! with $232 at loss.
Now lets analysis where it is going wrong.
Obviously it is a problem of the entry exit strategy. With 55 trades taken 65% (36) of them are losses
2 are full cycle success 1,2,3 and 2 very close 1,2,-3 (break even trades)
So how is the strategy
mco7 does not depend on any indicators or time frame. Just see if the last was a Sell or Buy. If the sell was a profit then it continue to open a sell. It does the same with Buy too.
