Showing posts with label News turmoil. Show all posts
Showing posts with label News turmoil. Show all posts

Tuesday, March 29, 2011

Forex Robot Trading Performance March 2011

How was last month? Is it safe to trade today?
A client asked me that question today and the thought kept coming back the rest of the day.
Well, I would not choose last month as my favorite month ever,
Apart from the non-stop human tragedies and the completely overwhelming grief one feels with the loss of so many lives - as a trader a month such as this last one really puts you to the test.
Earthquakes, revolutions, air strikes, nuclear threats - it seemed as if the term "geo-political events" wasn't even fit to describe what was going on worldwide this month.

We are fine in general - what started out as a promising month has seen some set-backs, but we are still ahead for the month and I find that to be no small achievement.
The robots were performing fantastically and were actually doing quite well - we may have inadvertently been too cautious and decided on a few non-scheduled no-trade-days being swept away by the contagious panic trading in Wall Street. Always a bad idea. If in doubt  - leave them to trade.

Once again we had the feeling that our robots perform just fine during tumultuous times - that's why we have volatility filters - to rule out unfavorable markets.

The USD/JPY was of course the currency most affected and there were truly a few free-falling days - now of course it is more stable than ever - with the world watching its every hiccup.

So, hopefully you have traded through this month successfully as well and have come out ahead in the end.
Let me know how you did....

Wednesday, January 26, 2011

FOMC - a non trade day?


I would say absolutely YES. I really don't see the advantage of derailing gains worth several decent trading days.
Somedays the motto is: "Best defense not be there." like good old Mr. Miyagi said. That applies of course especially for scalping robots. If your robot is trying to make small gains when the markets are in your favor it is outright silly to jump in right after a huge market upset.
 After many years of trading here are a few days we have decided to abstain on a regular basis.
You can find the full list here: No Trade Days
Tell me if you have some I should add?
Happy Trading!