Yesterday, the system recovered drawdown from Manual intervention. I will make changes to EA that will prevent more than 1 loss in 1 day. We normally get 1 signal almost every day but from high volatility in Market Open we experienced several signals in 1 day resulted in losses. The high volatility in end of USA session will need to be filtered ( update).
Thank you for following at simpletrader/connectforex!
Black Monday, China stock markets dropped 8+ % and when US session went online this account was hit the hardest. The losses occurred from trying a new strategy at the worst time possible. The automated trading systems need to be smarter and use a wider range of instruments to determine how the markets are moving.
I am manually trading to recover the losses. Once all losses are recovered the EA will take over.
Once I recovered the losses I applied the ATS 10 - https://www.connectforex.com/signal/3875/RedRhinoFX-10.html - and that is the reason for all the EURUSD trades this month. The system would normally trade EURGBP ( after backtesting, USDJPY performs well also) and I'm working on adding another pair.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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