There has not been a lot of activity on this account. The main strategy has not traded this week as the price action of EURUSD was not deemed favourable by the algo. This happens from time to time and is perfectly normal. One of the featues we need in forex trading is patience. Have a great weekend all.
Further to my last update introducing GBPUSD was not such a good idea. Wednesday was a bad scalping night which unfortunately happen occasionally. Particularly painful for me with so many subscribers.I understand the disappointment when there is a loss. We have to be patient, unfortunately losses are part of trading. This is a balanced risk account. Not every month will be a good month. I have been running this EA for over 3 years now and the profitability has been consistently good over that...
Fractal Strategy and Mr Schmitt on the up in December very good for 2 unloved EAs. Working USDJPY and EURUSD pairs. If anyone discovers there EA's work with other pairs please let me know. I run these Eas on my live accounts with the same results. Unfortunately I stopped trading on live over the Christmas period, which was silly as markets tend to be quite trendy on the low volumes.
A flat/slightly down week last week. Account balance £2,903. A few annoying trades responsible for the pull backs. A couple of EURAUD trades just about to go to take profit then some AUD news moved the markets the other way.
Should have taken them out at breakeven - hindsight is a wonderful thing!
A bit of a pull back on Ft2 IC Markets last week I am afraid. Pull backs are part and parcel of forex trading sometimes you just have to be patient, then when things are going well take the profits. I have reviewed the losses and removed a couple of the night time scalpers. Not much action today so far as I always close down before NFP which was last Friday. Too many times have I seen multiple jack knife market reaction to NFP; the liquidity is poor and the spreads high which makes trading...
A good week and a good month ...at last this account is making some profit - patience needed in forex not every month can be record breaking. Growth over 2000% and £390 withdrawals this week to keep the balance at £3,000.
Thank you to all subscribers and to MQL5 for the rather surprising ranking! Have a great weekend.