So the subject says it all but these days will happen, here are the results for the day:
These are definitely tough to handle, but there were lessons to be learned. The primary lesson for the day is to NOT trade on big news days, here is the chart for the Algo:
Trades:
- Loss, Trade was for a max loss, entered a short at the Day Low
- Win, this traded a long on the second cross of the ATR
- Loss, entered as the algo is programed, but went for a max loss, entered after inflation report
- Loss, Entered as programmed for a long, came straight back and hit the Stop loss on the same bar
- Even, this trade was a minor win, entered the trade just before the Fed spoke, this was the second cross of the ATR, would have normally turned the algo off and not have taken this
I have been trading long enough to know better to run a algo on news days, especially these days with all of the uncertainty in the world. As the name of the site says, I am going to show the good with the bad, and honest and direct.
Outlook for tomorrow I am honestly unsure, I have the algorithm on, today really didn’t see the market move either direction. I am playing the long game with this, so fingers crossed.
Honest Information 