I decided to go flat on friday and closed out all trades running with any ea to protect my capital.
Wonder which eas suitable for the coming week?
Think that OBs like Keltner could do a great job. Also new Trend Detector ea.
What are you guys doing during the greece chaos week? Trading eas like usual or more conservative risks?
Or shutdown completely until a solution is announced?
It depends if the EA gets on the right side of the volatility or not, or how it deals with it if on the wrong side.
There isn’t going to be an EA optimized for major political events. If you’re running EA’s you’re not 100% confident in, then I guess going flat is the best thing you could do.
The Greek story has been going on for almost 3 years now… with every event seeming to be extremely important. This week seems to be yet another one, hopefully it should help end this hang and drag…
I have been running all my eas without break, right thru. I did not expect the referendum route to be taken… just saw the news today and checked to see what positions I have open.
Cabex has a GU SELL, Ray has a EU SELL. iprofit and Wally do not have any open trades.
I expect some kind of gap down opening based on the weekend news and break down of talks. I hope my open positions will be able to benefit from this… But even otherwise I would expect the EAs that are being run to be able to handle this sort of events without too much damage to the account. This was a long running chaos so lot of people and traders were expecting it… but there will be events which can be totally unexpected and we will not be able to turn off the EAs in advance in such cases. :51:
I feel the best thing would be to let EAs run with smaller risk so that we can see how it handles extreme situations… this will give more confidence to run them.
Meanwhile i think that the situation is still priced in and the big guys arent too nervous.
Looking at the gab now here…
XE - The World’s Trusted Currency Authority
Will let all eas run on low risk like you suggested. :41:
Ray EU sell closed for its largest gain ever +150 pips
Cabex GU is still open… floating with +80 pip gain… not expecting much downside on GU, so this might close for a small gain later on.
Both ray and cabex have been able to remain on the safer side of the direction during such major events… I have seen some real tough times in the last 3/2 years running these EAs… they seem good at capturing the over all market expectation or sentiment… If its is luck… not sure… becoz i dont see luck working for that long in real trading anyway… i wont mind being lucky all the time
As expected no big crash happend on forex or stocks.
nothing like you would have imagined - but next week who can be sure - better not have too many open positions over this weekend as well.