Forex EA Robot Trading Blog

Its interesting to take this opportunity to look at the effect of the yen strengthening on our overall equity at this point in time. 4 trades were closed on the friday, 3 on GBPJPY , 1 on USDJPY. We have 9 gbpjpy positions open, and 1 usdchf, 1 usdjpy. Floating p/l is $1,174. Monday i will have to take a look, as more of those GBPJPY trades should have been closed, the ones that are from 246/247 levels. This can sometimes occur as the trade close failed, due to a fast moving price. So the current equity is 94.48k, down from a few days ago, but not by that much. With 9 GBP positions, (each around 0.46 lots), you are earning $85/day in swap, just for being in the market. thats over $1000 every 2 weeks, just for holding your positions. Thats $26000/year, or 25% growth even if your position goes nowhere. You see where i am going with this... build your positions throughout the market. In fact i am thinking of writing a new EA to exploit this, called the accumulator... watch this space.

Take a look at that trendline on GBPJPY, quite a neat fit.

At this point we are using the profits made, our original cash investment, of 50k, could be withdrawn and we could continue to trade.