Algo Trading Bot Fail: Lessons Learned from a Missed Opportunity - Algorithmic Trading 4UAlgorithmic Trading 4U

EURUSD Algorithm Fizzles

When I saw the EURUSD lots get snagged by Octane last week. I got excited. This particular algorithm had a good work out with nice gains the beginning of August. When Octane loaded up last week, I was hoping for a 5-10% gain again. Unfortunately, I think the election cut into my profits…

I don’t know if the “safe mode” was a factor or the overall market just didn’t materialize at the level I hoped. Regardless, my gain turned into something less than 10%–much less. Most importantly, it was a gain and not a loss.

As of today, these are the only trades remaining on EURUSD. The 1.0+ lot sizes were all closed out with minimum overall gains. Reiterating the most important point, they were not losses. The present positions are lot sizes the bot uses to keep its finger on the pulse of a Forex pair.

If I could make 10% every month (August was pretty close), why wouldn’t I invest in an algo trading bot? Well, the biggest thing is not every month of the year offers the same opportunities. If you have a trading bot that claims consistent results in this range, WATCH OUT! I had my time in the sand box with bots that targeted those type of results. As I have said before, “It is great until it isn’t.” Choose wisely and responsibly.