After a successful week
and most importantly from recovering almost $6k, I wanted to consolidate my
positive results. My desire was to build up the account to be able to deal with
possible drawdowns.
6B 06/20 future |
Monday was a very quiet day in comparison with the previous days. The British Pound jumped
almost 50
pips early in the morning but after that, the USD recover its strength. This
changed again after midday when the price started to rise again.
6B 06/20 trade chart |
I realized that I had
a notification. My algo bought 5 lots during a retracement. In the beginning, it
went against me, but it quickly recovered. It didn’t make a big movement but was
more than enough to finish the day with a small profit. I personally don’t like
to take positions at that time on the day because the algo closes the positions
around 17:00. To be honest, it doesn’t matter if I like it or not, what I need
to do is check that it’s statistically significant.
Profit and new account balance
Trade 13/04/2020 |
As I said, it was a
small profit, but these kinds of days help to build up the account. The maximum
adverse excursion was small. The algo closed the position close to the maximum favorable
excursion which I’m very happy about. I have the feeling that I’m leaving a lot
of money on the table. I am allowed to make one change in the algo during the
competition and I’m seriously considering adding a take profit. These will
reduce the time in which the algo maintains positions open and more importantly
it will secure profits. On the other hand, it won’t let the profits run as much
this is why I need to carefully check before I implement the change.
Account balance and realized PnL |
The account balance at
the end of the day was $1003468.75. Even if it’s not real money, I feel very
well because the algo is behaving as I expected and it’s able to recover from drawdowns.
Thanks for reading
this post!