Yes, in the worst case it will be three times the stop loss of 120 pips if the bot opens 3 pairs simultaneously. And than maybe another hit of 3 pairs simultaneously. So that is a loss of 3x120 3x120 = 720 pips. That is not so bad... I leave it on

Be prepared the CHF being intervened soon

So I expect the coming months some heavy loses of this currency pair

source: http://traderdannorcini.blogspot.com/2011/08/central-banks-losing-in-wars-of.html

trader757 posted:
    I wonder why this bot it is performing so bad since the begining of August. Market conditions have changed significantly in august. High volatility, wild moves in a single day, etc, but it would be interesting to know why it performed so poorly during this period. Maybe just the developer can aswer that.

For those considering this bot, maybe this is the right time to start after this dd. Just my 2 cents.


The answer is given above: Intervention

My two cents

My2kelsilver - you should be expecting this heavy drawdown because you set your position sizing to 5%. This is VERY aggressive.
So you should expect 30 to 40% drawdown - more if you set the aggressive 'trade more lots' when losing feature.
So you either tone down your postion sizing to a reasonable percent if you cant handle drawdown, or if your greed wont let you tone it down, learn to cope with big drawdowns.
If you are new to trading - take this as a lesson, so next time trade with a much smaller % risk. Birt and I both trade on 2% risk. We rarely see over 20% drawdown, and we are adequately rewarded.
You will end up making more money than us in the long run if you leave it at 5%- but your ride there will be MUCH scarier.
 

I have noticed no updates anymore for this bot?
Updated: Aug 22 at 23:36

Is it shut down? I hope not.