Trading Log #002
Monday, I woke up excited to give my new robot a try. There weren’t that many setups in the morning. The only setup I saw was on EURCAD.
Unfortunately, this trade got stopped out. Could be because it’s a Monday. I believe that early in the week (Mon-Weds) some financial instruments and pairs trend in one direction. Then on Thursday and Friday there are some reversions as the trend followers take profits or are over extended.
I journal the date and time of all my trades so when I have a large enough sample size, I can see if trades on Thursday and Friday are best.
Automated System Results?
The robot was able to take 2 wins with a Buy trade on AUDUSD and a Sell trade on USDCAD!
The robot is currently in drawdown (<1%) on a Buy trade on EURUSD and a Buy Trade on EURCAD.
It’s still early in the week, if I can hit weekly profit target of (0.5%) and close all trades by the weekend I will.
