As you said, Emanuel, AvaProtect is particularly useful if you want to mitigate the risk of significant losses in volatile markets. It provides peace of mind by offering a safety net.
One important aspect to consider with AvaProtect is its cost structure. Even if your trade ends in profit, the non-refundable fee paid for protection could reduce your overall returns, especially when trading small pips/points.
I’ve not used it personally, so could you use the service with a demo account to become familiar with it before risking real money?
If so, I’d plan some ‘regular’ trades using traditional TP and SL and then compare the cost to trading with AvaProtect.
Let me know how you get on…
