When Octane stopped trading on Friday at 4:00 PM CT, it was sitting on top of a recent trade for 1.75 lots. It isn’t crazy for a bot to do this, but when a conservative bot like Octane does it, it must have seen something…at least I hope it did.
Of the 47 open trades Octane has, 29 of them are on USDCAD. Does one of its 8 algorithms “see” something that make it believe it is about to break loose? Obviously, the 1.75 lot trade is in the positive. But, is something happening to help close out all of the open trades? I would really like to have Octane close these trades. Once it does, it can start taking advantage of some of the moves being made by other FOREX pairs. Short term, there may be some losing trades. Long term, I want some more 4%+ months!Other than the “Floating P/L” (Drawdown), my bot account is not in danger. I don’t like having the drawdown at nearly 20% of my balance. But, it is MUCH better than 50%. I have confidence Octane’s “non-account blowing” algorithm will keep things from getting much farther out of hand.Octane has been active for a few hours since the last screen shot, and it is still entangled in the drawdown. It has added a couple trades, too. No trades have closed. I continue to be hopeful the market will become more favorable to Octane’s trading strategies.
If I wanted to reduce the drawdown, I could add more funds to the account. Right now, I will just let it operate. If the bot is supposed to be managing the trades without my intervention, I want to give it the chance. If the account continues to have limited options due to the level of drawdown, I might reconsider my decision. If you want certainty in your investments, stick with non-callable CDs.
