The hole is deeper, but the potential is greater with these EURJPY trades. It will be an interesting ride until these trades close out.
My original “Trusting My Bot” post was about a bot I have sent to the shop for a few weeks. I am really confident The Fed can find its way out of this divot that developed.
Not only is The Fed bot excited about EURJPY, but it also likes NZDJPY, too.
Things to be optimistic about:
- I have considerable margin available. If this thing goes a little further the wrong direction, I can absorb it.
- I don’t like being greedy, but that is really the only compensation for drawdown. When these Forex pairs return to normalcy, the reward will be better depending on the number of open trades the bot is involved in.
- With EURJPY, the bot is 22 trades in and keeping the lot size under 2.0. Smaller lot sizes and more trades gives the bot greater maneuverability as it works its way out of the hole it fell into.
- It was only a couple of days ago I was grateful for boring. Be careful what you ask for. I am still trusting and cheering The Fed to the finish line!
