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):
![https://hotcopper.com.au/data/attachments/1893/1893471-d49c614521150354decdcb60acc63ee4.jpg](https://hotcopper.com.au/data/attachments/1893/1893471-d49c614521150354decdcb60acc63ee4.jpg)
![https://hotcopper.com.au/data/attachments/1893/1893473-4e1a542ad6e75c89fb86a87c76b42d29.jpg](https://hotcopper.com.au/data/attachments/1893/1893473-4e1a542ad6e75c89fb86a87c76b42d29.jpg)
![https://hotcopper.com.au/data/attachments/1893/1893476-61e33c54eeb5bbaa83380d83ae4425f5.jpg](https://hotcopper.com.au/data/attachments/1893/1893476-61e33c54eeb5bbaa83380d83ae4425f5.jpg)
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.
![https://hotcopper.com.au/data/attachments/1893/1893480-1506cee8dcbecec1f3ebb55e13ab4690.jpg](https://hotcopper.com.au/data/attachments/1893/1893480-1506cee8dcbecec1f3ebb55e13ab4690.jpg)
![https://hotcopper.com.au/data/attachments/1893/1893483-88d3edf81e0c7b7b5269c7d035c8fc80.jpg](https://hotcopper.com.au/data/attachments/1893/1893483-88d3edf81e0c7b7b5269c7d035c8fc80.jpg)
![https://hotcopper.com.au/data/attachments/1893/1893484-30014d6da1992b35998cbc29014324f4.jpg](https://hotcopper.com.au/data/attachments/1893/1893484-30014d6da1992b35998cbc29014324f4.jpg)
![https://hotcopper.com.au/data/attachments/1893/1893485-1774b9a1b0495c8b60b7df4f0d78d552.jpg](https://hotcopper.com.au/data/attachments/1893/1893485-1774b9a1b0495c8b60b7df4f0d78d552.jpg)
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:
![https://hotcopper.com.au/data/attachments/1893/1893491-c5f647b9f516ce32ae35bb733c39a743.jpg](https://hotcopper.com.au/data/attachments/1893/1893491-c5f647b9f516ce32ae35bb733c39a743.jpg)
Cheers, Sharks