Why does Forex Autopilot close bad trades at the end of the month?
The reason Forex Autopilot is designed to close bad trades at month-end is both logical and practical. By closing the bad trades, traders are able to take a fresh start going into the new month. Tests have shown that once the draw-down has been exited, the loss taken at month-end close can be gained back within 2-6 days of the new month. The other reason is the emotional reaction which can drive many to hang on to a bad trade hoping it will come back. By allowing Forex Autopilot to close bad trades automatically at month-end, the decision is taken automatically without emotions interfering.
