⚙ Season 1 - Episode 2 📉
In the last episode you learned how I started my jouney to automated trading, from a random EA (pretty bad) to an EA that just follow a moving average (which was not bad).
Since then the volatility on the market dropped sharply. As I expected the results went from very good to neutral (no win, no loss). As you can see on the chart below, my account grew to +35% in one month and from the end of March to today (end of May) the performance stayed around 35% (oscillation between 29% and 37%).
If I compare the results of the trades opened in February/March to April/May you can see that the PnL dropped from +39.45% to -3.89%. In April and May I worked a bit on the EA to filter bad entries.
So, what now?
I satisfied with the current results, the EA, even without monitoring, manage to contain the loss during a period of range. And when I take the time to manualy select the pairs with a potential of trend, the results are better.
I also noticed that the floating PnL can be very high sometimes but the EA doesn't move the stop fast enough and most of the trades finish with a small gain or a loss. I've lost on some trades where I should have a pretty good gain.
What's the plan?
For now I still want to let the EA do his job alone, but I want to make sure that the pairs it trades got a potential. I'll continue to select every morning (just before the Europe session) a list of pairs. I'll also regularly monitor the results of each trade to take a profit if the configuration seems to reverse. If I did that during the last two months I'd have had a much better result.
I'll also try to figure how I can detect a better configuration for the entry and the exit.