Mql4metatraderautomationtutorial Trading Tutorial Automation

5 indispensable tips to avoid losses and draw downs

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An automated system is a nice thing,  because it can help you to trade exactly according to your rules,  even when you are not at your desk. But it is also possible to lose a lot of money if you miss some important things.   The first thing that can cause losses is when your Metatrader4 loses the internet connection for some  reason.   Maybe because of a power problem or because of your cat sleeping on your keyboard while you are  anywhere else.   If your connection is lost, some strange things might happen,  because your system might do the  right thing for the wrong reasons.   It will have  old data until the connection comes back and suddenly there is a gap.   That gap might cause your system to decide that it is time to close all your trades for example.   So  I strongly recommend  to find out the impact of connection problems while you are testing with your demo account.   It might be costly in your  real account later.   The next thing that comes in the way of  automated systems  is when your computer s