Both the Fed and Dalio were tangled in a series of trades with GBPUSD. The Fed closed its trades this morning. Dalio’s hiccups caused it to miss opportunities, and its hiccups have kept it entangled in these trades.

The Fed had no problems with licensing its bot to me. It continued to “martingale” into trades using higher lot sizes. Each trade it entered into raised the “Take Profit.” As the Take Profit was raised, the necessary drop in the active price for GBPUSD became less. If I was a “smarter” investor, I could have manually adjusted the “Take Profit” amount. With hindsight being 20/20, this would have allowed me to make more money. But, if it didn’t drop to the new Take Profit point, I could have been stuck.

Because of Dalio’s problems, it was not correctly policing its GBPUSD trades. If it were, it would have bought more of this forex pair at its high point. This raising of the Take Profit would have likely gotten me out of this trade by now. I continue to wait for NURP to devise a solution to allow me to get out of these trades without any financial harm. (My Dalio licensing fee was paid yesterday. I paid for a functioning bot. If I make changes to the bot, those changes are on me. If NURP fails to give me a functioning bot, they bear some responsibility.)

Once NURP implements the fixes on Dalio, I look forward to returning my bot to a more reasonable drawdown situation. And, I look forward to many profitable months where I have VERY LITTLE to write about. Just a bot doing its job…that is what I want!