Monday, June 5, 2023

#Forex #Currency #Fx #Tradingstrategy #Currency Strength & Weakness #NOW Trend - June 5th, 2023



10 loosing trades @ maximum risk of 60 points and 18 winning trades @ average of 173 points per trade.



There was no reason for these trades to be prematurely closed and will look into why, so we can fix the problem as we missed about 200 x 2 = 400 points potential profit

This trade was also prematurely closed under 60 points and will look into why, so the problem can be fixed as we missed about 700 points potential profit. See enlarged chart below



One of the EURAUD trades was prematurely closed for 9 points profit and we missed over 600 points potential profit. See enlarged chart below







Price pulled back about 80 points and closed trade @ 60 points loss before continuing downtrend for over 700 points


Stats
Total Trades                 = 28
Loosing Trades             = 10
Profitable Trades           = 18
Total Profit                   = US$2,406.44
Total Loss                     = US$407.53
Net Profit                     = US$1,998.92


Robot / Expert Advisor trades strength against weakness with maximum risk per trade of 60 points. Robot has no human emotions or sentiments. If trade is not moving in my favour, I want out as soon as possible to wait for the next opportunity, and when in my favour I want to ride the trend to the point of "imbalance" between the bulls and the bears.

Profitability will greatly improve when we fix the bug causing the Currency Strength to flip and prematurely close trades. 



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