Forex EA Robot Trading Blog

Another sleepless night last night, probably all the excitement from the childrens party i had been to. A nice side-effect of being up at 3am in this timezone is getting to see the markets early action, particularly considering the events of last week. Ive been using hedges during this drawdown period to nice effect, ive placed and removed 3 now, and made quite a tidy profit overall. The last one came off at 240 as it appears to be gaining some bullish momentum going into the uk session. Im keeping a close eye on it and ready to re-hedge if the bears take over, otherwise its time to start gridding in. I think we will know in the next couple days, and I expect to see some considerable retracements across the board.

When the recovery comes, i dont believe it will be that dramatic, it will creep up and up for 2 weeks before you realise it has happened. As a general rule its always a good idea to check the 4Hour and daily on the trendwatcher (assuming you have access). Currently this tool is only available to easy forex signals members, but if there is interest in it as a standalone tool, we are open to suggestions. It is certainly useful in the context of carrygridding, and we do have a product idea on the table for combining a dashboard panel with the carrygrid to allow remote manual control of the grid. However, setting up the managed accounts ib arrangements, dedicated hosting is a higher priority and will consume most of our resources for the current time.

I think i caught the demo account at its lowest point yet, here is the data from the latest;
Balance:96 575.75 Equity:66 320.12

# posted by My FX Tools @ 00:15