Drawdown Doesn’t Scare Me

When my Fed and Dalio bots used to go into drawdown, I buckled up and made plans to transfer money. When Octane doubled the drawdown it opened at in 24 hours, I yawned. Octane doesn’t do anything to affect me sleep. I am VERY grateful for this.

The worst thing that could happen (it happened when I was using Octane in the spring) is Octane comes to a grinding halt. Whatever Forex pair trade it is tangled with, may accumulate some swap fees. Beyond those fees, Octane is VERY unlikely to even think about blowing your account. Yes, when trading is halted, the profits will also be halted. But, having been on the receiving end of bots who have no regard for your account (and your money), I will take a month of small losses to multiple nights of an overwhelming pit in my stomach as the bot burns through your profits and well into (or completely through) your equity.

Octane isn’t perfect. But, with my limited desire to become a Forex Zen Master, it shows consistency and respect for my account. This feature is VERY difficult to find in Forex trading bots. If there are others out there, I would welcome the information.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
This entry was posted in algorithmic trading, Dalio, drawdown, EFX, NURP, Octane, The Fed and tagged , , . Bookmark the permalink.

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