Morning folks, here's my daily sem-auto grid trading update. I will seperate it into 2 segments. Segment 1 continues the $50 GP Target strategy I've been posting on for the last month or so, and segment 2 will cover the new strategy of Daily closeout if in profit, or let run to $50 GP Target.
Strategy 1:
Closed 1 run overnight, on the AUDJPY, for $29.32 profit:
This leaves 7 runs currently in progress, with the following net positions:
Strategy 2:
The EURAUD run I let run into a 2nd day closed out this morning just above breakeven, after being down about $20. The other run I started yesterday on the AUDSGD closed for a small profit. I have executed 5 runs now using this strategy - see table below - and all 5 have closed for a profit. I should state that because I see this as a lower risk strategy than strategy 1, and because I already have 6 weeks experience with strategy 1 which is largely the same except the closeout conditions, I decided to run this trategy on a live account. We're not talking about sheep stations here (so far all trades are 0.01 lot size) but remember this is about proving a strategy with no/little risk, and once proven then happy to scale up:
I'm happy that this strategy is so far working as expected, including the EURAUD run which recovered after being in the negative on the first day - exactly what I was seeing in backtesting.
Anyway, for today, I don't have any markets that I will start for strategy 1 - I have limited my options here by deciding to steer clear of EUR 7 GBP pairs. However I am happy to apply strategy 2 to the following 3 markets for today:
Cheers, Sharks
- Forums
- Forex
- Trading Target Candles
Morning folks, here's my daily sem-auto grid trading update. I...
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online