Cut losses and let profits run - this is the way how trade the professionals. Letting your profits run is the only way you can cover the cost of your losses and this is not as easy as it sounds. The emotion of fear comes into play here. The bigger the profit becomes, the more a trader wants to take it. One needs a definite strategy that is easy to follow.
NewTec FX BOT is a fully automated Forex Expert Advisor for MetaTrader 4 platform that works with all major brokers.
NewTec FX BOT is built to trade one pairs - EURUSD, on a default time frame of 1 hour. The system is equipped with risk and money management, high spread protection, and as most EAs for MetaTrader 4, it's easy to install and use.
Smart Martingale strategy - Allows to use the Martingale strategy elements very seldom. You can be convinced of it, having looked at history of our account.
Also, there's an option to turn it off.
The up side of this EA is a good risk to award ratio.