Hi folks, here is my weekend update on semi-auto grid EA trading:
I like 2 new markets for Monday - the EURCAD and GBPUSD. I have avoided GBP pairs since starting in late October, but they have been sticking to a pretty tight range and with their election almost 2 weeks away on the 12th, I will tempt fate and run one GBP - the GBPUSD - for this week and close at the end of the week if it doesn't hit the $50 GP target (as I suspect price will start to anticipate the election result the following week):
Since Thursday I have 9 markets running the EA, and their current net position is as follows:
So the USDCHF and USDJPY are still stuck in a price range outside their grid, so no change for them. Have considered starting a 2nd EA on each in the current range, but both are in what I see as resistance areas based on highs in the last 1-2 months, so will leave as is.
At the end of this week a summary of those runs that were closed during this week (5) are shown in the following table:
So this week the closed runs produced a net profit of $86.60, and the net profit for 46 closed runs to date is $451.27 - see equity graph below. The only losing run was the NZDCAD run which I mis-typed the EA's parameters when starting, had I typed correctly it would have been a winning run. Such is life.
The equity graph looks great making new highs this week, however it will take a hit when the USDCHF & USDJPY runs close of between $100-150 is my guess. Still pretty happy with the progress, and on track to go live start of Jan.
