auto trading + manual intervention

[flywithdream]

I have autopilot running for 2 days, so far I have found one trick, which is you should let it trading itself, but you need to set the trend yourself, for example, recently the trend of eur/usd is down and usd/chf is up, so when you setup the autopilot, you need to change the default Long&Short position to Only Short for eur/usd and Only Long for usd/chf. This way you limit the chance of a huge stop loss, which happens several times on my demo account.

As far as how to track the trend, I think there are plenty of resource online we can track and normally it is hard for us to stand in the wrong side. you just need to check a few times each day to see if the trend reverse, and if it does reverse, adjust the autopilot accordingly.

of course this idea may be totally wrong, considering i only use autopilot for 2 days :)

[^eagle^]

I have autopilot running for 2 days, so far I have found one trick, which is you should let it trading itself, but you need to set the trend yourself, for example, recently the trend of eur/usd is down and usd/chf is up, so when you setup the autopilot, you need to change the default Long&Short position to Only Short for eur/usd and Only Long for usd/chf. This way you limit the chance of a huge stop loss, which happens several times on my demo account.

As far as how to track the trend, I think there are plenty of resource online we can track and normally it is hard for us to stand in the wrong side. you just need to check a few times each day to see if the trend reverse, and if it does reverse, adjust the autopilot accordingly.

of course this idea may be totally wrong, considering i only use autopilot for 2 days :)

thta's good. the trend is your friend. keep up the good work. a nice conservative way to trade FAP. FAP has a trend filter but but it does also decide to try for short uptakes against the trend. try looking at the daily charts and learn about trend lines and triangles.

Fibonacci retracements are another useful tool to learn.

gOOD LUCK.:)

[balanced]

Seems as if everything is short on my system as that is the general trend. But we are in a congestion now a a possible up move fundamentally with .5 point basis cut. So when the trade goes short in the candlstick wicks. I go long to hedge the position that way we can work together and I can avoid the big draw down. Therefore if the bottom goes I cut the long leg and if it goes up I play it out to see if we have a change in trend. Once it clears this area it is back to business as usual.