There is not much to say this week. Volatility in GBPUSD was low (230 pips). This is one of lowest values for this pair that we observed during our test where we have been running our automated trader on TrueFX data feed for 4+ month in a row.
Here is the weekly equity curve.
Tuesday was a very bad day with over 100 pips drawdown, which contributed a lot to the lowest on record win ratio (45%).
Still, the rest of the time our strategy fared better and managed to recover losses – so, the week became yet another positive one, albeit symbolically.
For more details, check out full trade log.
It is really reassuring to see that our automated strategy could tolerate such low win ratio. We used to have it slightly over 50%. This once again stresses the importance of elaborating our version1 which is more trend-oriented. We need to enhance the algorithm to use mean reversion for the range-bound markets.
This is easier said than done, of course – but we are working on it.