I don't know about you folks but this Brexit thing has been a very trying situation, expecially when it comes to SPB. In just over a month I went from a comfortable wining position to almost a margin call. I think I watched my Margin Level drop to almost 100% and I was beginning to think it was time to throw in the Forex towel. Fortunately, things have turned around and I'm almost back up to my pre-Brexit crash position.
That aside, I wanted to show how well SPB's Recovery is working (I'm on V. 2o). I have had at least three issues close during a successful recovery. I'm showing you my EURJPY, which has not yet closed, but is a good story-time example. BTW, my recovery settings are:
Number of trades that must be open for Recovery: 5
The number of losers to try to close out at the break even: 2
RecoveryProfitCash: 5
In the chart below, you see that starting July 1, four buy trades were taken as the pair was taking it's dive. SPB stopped taking trades, as the trading conditions were no longer met, and the skid continued.
About September 3, we hit bottom and the pair started it's rise. A couple weeks later it started taking buy trades again and if it keeps rising this issue will trip Recovery, I'm guessing around the 120.75 level and with a bit of profit.
So, we might say "Sam, if it's on a rise, why close everything?" Well, I'm tired of holding these larger trades, especially when they are eating so much margin, over such a long period of time.
Earlier today my GBPJPI triggered recovery. I had two bad trades which opened on July 1, close out and four in profit and I still netted $72. So I am happy with that.
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