Forex
There’s an issue with the USD/JPY algorithm, though it may just be a very long losing streak. Ever since the last mishap with disabling the live algo and watching the demo recover all of its losses in a single week, it’s gone back to losing money on almost every single trade. It’s back down to just 11% and I have some serious doubts about its value now.
I have left the live account running, but I reduced it to 1/5th unit size, so now a loss will cost me less than a dollar. It’s cost me over $100 so far to run it on the live, so I definitely got involved too early. It was probably worth the expense because it was possible that it was a serious new income streak, but that’s all in the past now.
I will continue to monitor it and see how the inverse algorithms do. They’re currently slightly below 100%, and it is running on AUD/USD and GBP/USD only.
Futures
Futures has been rough ever since I’ve been in detention. Despite getting back a bit this week, I am not too happy with the overall performance and some decision making.
To remedy the decision-making, I am continuing to research and properly document any meaningful conclusions I come across. However, it is quite overwhelming because the number of questions I have remaining seems to grow faster than the list of reliable conclusions about those questions.
Either way, there will surely be a turning point because my setups are still limited in number. I just have to keep powering through these days and gathering data.
I have no meaningful conclusion about the 1m 34 theory I thought I had. There are times when the market will set a new H/L off of the 34, even when there was a prior unresolved divergence. But there seems to be no reliable way of figuring out that it is this specific situation, and so I will simply not take any 34 trades during divergence.