Q. Q. I've purchased this EA a couple of days ago and it makes profits no problem. The issue seems to be the EA doesn't lock in any profits as floating P/L is around $300 for the past couple of days. I'm running v3 and v4 on Demo accounts. For GBYJPY is looks to have plenty of potential, however I need to be sure the profits are secured.
A. The profits are only taken when the run is over. If you are happy with the profits you see now, you can take them just by closing the trades. You can use a trailing stop or a stop, but this will always reduce your profits. The most sensible thing is to switch to a shorter timeframe (for v4) which will exit sooner on a trend reversal. The system is really designed to keep you in the market for as long as possible, if you can resist the urge to take quick profits, there are much bigger profits possible.
