Morning folks, here is my daily EA grid trading update for today:
The last 24 hours has been the busiest in a while, with 3 runs closed on strategy 1 & 4 runs closed on strategy 2 for a combined profit of $37.80. My strategies seem to be merging somewhat as I'm finding I now more regularly don't wait for the $50 GP target to be hit & take profit when I see a net profit around or above the average per run to date (thereby in principle gradually lifting the average). I'm sure I'm giving up some of those runs that net a profit of > $40, but I'm betting on the run win % increasing for strategy 1 (currently 77% for strategy 1 & 93% for strategy 2). We'll see - I seem to have the flexibility to adjust as I go along.
Strategy 1:
As stated 3 runs (AUDCAD, AUDCHF & AUDUSD) closed, as follows (see last 3 entries in table):
Strategy 2:
As stated, 4 runs (EURSGD, AUDCAD, AUDCHF & EURAUD) closed - see last 4 entries in table. The AUDCAD was a small loss - I'm a bit annoyed about that one because I'm sure when I checked the net position it was in profit and that's why I closed it. However if I look at where price moved after I closed that run, it looks like it would have gone futher into the red again, so possibly a bit lucky in just taking a small loss.
Today's market check:
I'm certainly pretty happy with how these 2 strategies are working and with only 10 days to go for the strategy 1 demo period, I am pretty sure I will be taking that live in January.
This morning I like the following markets for ranging conditions:
