So what did we get this week ?
Yes - as expected the "crazy" account is blown.
The accounts using much lower risk perhaps may survive. But that's the point:
perhaps - may be next week after a break/correction this friday the move/trend running the last 2 weeks will continue in the same direction ? And what will happen when: even on that accounts so far suffering from a DD of "only" 25-30 % the margin will melt down further and further ... who knows about a stop of the trends ? Of course sooner or later the price will return ... the question is only when will this return come ?
So it seems to me - although
this bot using the price action with S&R zones is the best grid trader I ever saw during the last years - it isn't the HG ! I'm not confident any more with grid traders in general.
Yes using it in mixed trading - perhaps its worth to use a bot. But that's again another story.
So - even if the accounts I'm showing in my links and using lower risk will recover and some one would say - oh yes great they recovered: no, not at all that isn't great ! Another day will come and even the moves will be more wilder then ever before ... weeks and months even all things have been running best, you'll be sure of yourself and become more and more overconfident - but suddenly one fine day the market will spank your ass !
And honestly to in the case of these gridtraders we nearly have no chance for resort. Yes - hedging ... and all these theoretical thingies ... never saw an account surviving by that way ...
The only loophole could be a start capital of let's say 50 k and a smalest lot size (0.01 lot) - that could give you 2-3 % a month - 20-30 % in a year: a great result for a hedge fond ! Such an account could survive -
perhaps !
So the search of an appropriate EA has to be continued.
P.S.: So Bluepanther - you see it was pretty good to try this bot on demo before spending the money to the market .... or your pocket
