Not a great time for the system so far. It has been running for about 10 hours.
4 Losses = -236 pips (on my 2 Cent trades this has equaled -$4.41).... That is 50 + spread for each
(those were 3 sells and 1 buy)
1 Win = +100 pips (2 Cent trade = +$1.86)
(1 buy)
Net -100 pips (2 Cent trades = -$2.55)
There is 1 open Buy which is around -25 pips now.
It is interesting how as soon as the winning position closed a new position was opened in the same direction. I expected this because I understand how this is programmed, but others might not anticipate that so I mention it here.
So far, not overly impressive, but to be honest it has been a very rough day for my primary system as well.
This is the USD Fed Statement day, so I have to decide if I want to let this run through that. I'm sure that was part of the problem with the trades so far today. Seems the market is expecting a 2 basis point cut. It will be a wild day for sure if they cut by less than the expectation. Probably a wild day if they cut by more. If they do what is expected it will probably be a wild hour or two, and we'll then end up where we started... But I'm not much of a fundamentalist -- so don't listen to me.
4 Losses = -236 pips (on my 2 Cent trades this has equaled -$4.41).... That is 50 + spread for each
(those were 3 sells and 1 buy)
1 Win = +100 pips (2 Cent trade = +$1.86)
(1 buy)
Net -100 pips (2 Cent trades = -$2.55)
There is 1 open Buy which is around -25 pips now.
It is interesting how as soon as the winning position closed a new position was opened in the same direction. I expected this because I understand how this is programmed, but others might not anticipate that so I mention it here.
So far, not overly impressive, but to be honest it has been a very rough day for my primary system as well.
This is the USD Fed Statement day, so I have to decide if I want to let this run through that. I'm sure that was part of the problem with the trades so far today. Seems the market is expecting a 2 basis point cut. It will be a wild day for sure if they cut by less than the expectation. Probably a wild day if they cut by more. If they do what is expected it will probably be a wild hour or two, and we'll then end up where we started... But I'm not much of a fundamentalist -- so don't listen to me.