📌 Update: EURUSD cycle closed
Today I decided to close the 3 open EURUSD positions manually, around 1.1265.
Why? Holding costs. Swaps and fees were eating a big part of the result every single day: about 3% of the deposit in swaps alone over 5 weeks (roughly a quarter of the total loss), and that would keep growing with every night the positions stay open. With the price sitting at the top of the current range, a strong resistance zone, and no clear drivers for a sustained euro rally, further holding simply wasn't justified.
📊 Result: the cycle was closed with a loss of about 13% of the balance. At its deepest point, the floating drawdown of this cycle reached about 35%, so closing on the rebound cut the damage by more than half compared to the lows. I preferred that to risking a retest of them.
✅ What's next: the robot is back in normal mode and will open its next 3-trade cycle on the next signal, so new trades will be available to copy again. Lot size is tied to equity, so it adjusts slightly lower for now.
⚠️ As always, no guarantees. Losing cycles are part of this strategy, and this one showed it clearly. Please keep your risk under control.
Thank you all for your patience 🙏
Today I decided to close the 3 open EURUSD positions manually, around 1.1265.
Why? Holding costs. Swaps and fees were eating a big part of the result every single day: about 3% of the deposit in swaps alone over 5 weeks (roughly a quarter of the total loss), and that would keep growing with every night the positions stay open. With the price sitting at the top of the current range, a strong resistance zone, and no clear drivers for a sustained euro rally, further holding simply wasn't justified.
📊 Result: the cycle was closed with a loss of about 13% of the balance. At its deepest point, the floating drawdown of this cycle reached about 35%, so closing on the rebound cut the damage by more than half compared to the lows. I preferred that to risking a retest of them.
✅ What's next: the robot is back in normal mode and will open its next 3-trade cycle on the next signal, so new trades will be available to copy again. Lot size is tied to equity, so it adjusts slightly lower for now.
⚠️ As always, no guarantees. Losing cycles are part of this strategy, and this one showed it clearly. Please keep your risk under control.
Thank you all for your patience 🙏
