Well at lunchtime I was seriously worried. My account was showing 700pips down in current trades :P Fortunately at this time the market seems to have reversed on most of the holdings so I am now just 370pips down on open trades.
As I said I added in some more cash today. About $280. So my account will show a different balance.
Forex Auto Pilot - as an EA this is easy to use and set up. You need to use a key generated by the website. There are quite a few options to play around with. For instance you can choose the lot size or allow the EA to choose the lot size based upon a risk factor. You can also set how many open trades you want at the same time. I set it to 1 to keep the risk down. So far I am not sure what to think of this EA. 700 pips down at one point is a lot and as I type its at 400pips.
I made a series of tests on a lot of currency pairs, and set it up on ones it performed well on. I also tried it againt different time period ( 1min, 5min etc) to choose the most optimal.
I have it running on the following charts
GPB/USD 1hr, EUR/CHF 1hr, EUR/JPY 1min, CHF/JPY 1min, EUR/GBP 15min, NZD/USD 15mins, EUR/USD 1min
Below is the current state of the account - facts changing quickly in this market!!
And next is the running list of trades
I'll add some stuff about bogie tommorrow. I am going to back test it on some other currencies to see what happens - it currently only recommends one...
Peter.
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