open Positions

[pfunkyfize]

Hi all,

myfirst two days of trading made $300 in profits because I let the bot go wild and had no maximum order set (and no stop loss either in the USDJPN market). At the end of each day, whatever profits in the trade tab were left that the bot didn't take in profits from the T/P setting I closed out leaving the remaining trades in red to sit there and let the market pump them up overnight. When I go live with real account is this an OK strategy? Are there fees/penalties for letting open positions in the red sit there until they become profitable?

Thanks!

 

[Joeboy]

Yes, typically, there may be fees or penalties associated with keeping open positions in the red for an extended period. These can vary depending on the trading platform, broker, or financial institution you're using.