Risk Control and use of trailing stop
I have to teach a group of retirees on money management and risk control as a free community service for a social enterprise. 28 non-exotic symbols will be used on demo or cent account. Two teachers (including me) will be giving them free practical lessons to less experienced traders. The other teacher is using an EA, attached to each of the 28 charts, to trade a trending system (not manually). Direction is set by the EA which is putting only Take Profit and Trailing Point. EA is putting TP value but not using Stop Loss by putting 0. So trailing stop is working like a small profit taker and break-even maker in case the prices reverse. The goal is: If volatility is high at the time of entry, the TP is achieved. If not small profit is made. Only one trade per symbol is allowed for an open position. If the symbol enters and closes a trade, then only it can re-enter as many times as it makes profit or loss. Lots are Constant . Lots are not changed and no martingale is allowed. As