After bragging on my Precision bot, who has been successfully scalping for me for nearly two weeks, he (If she was trading well, I seemed to want to use female pronouns. When he is bad, I want to use male pronouns. I will need to ponder this.) had a bad night. (He is set up to only trade during the night time hours.)

After dinner, he started his trading window. As I watched the trades accumulate, I had no concern. Since the Precision bot is still new to me, I peek over its shoulder often. I am trying to figure out how it thinks. After seeing a significant drawdown one-night last week, I trusted the bot. In the morning, everything worked out. I had a good gain.

Last night, it all went differently. While it looked similar, the morning results proved otherwise. At the designated time or some other fail-safe built into the bot, it closed all the open trades. When the trades closed, it was not pretty. Gold dropped approximately 40 points overnight. Scalping, as I understand it, relies on buying and selling within a range. When the pair, in this case XAUUSD, drops like that, you are grateful if you don’t blow the account.

I will start the bot up again tonight. I will take a more conservative approach. The “greedy” approach didn’t work for me long term. I got my hand slapped hard, so I will regroup and grow this account the old-fashioned way–conservatively!