We continued our non-stop testing of our automated trader when the market reopened in 2021. See the details how we test here.
The first trading week of 2021 was nothing spectacular. But still, our automated trading strategy delivered 163 pips of profit.
If you want to check the details, here is the full trade log.
The week volatility was 174 pips, which is rather low for the GBPUSD pair. For example, in the last week of 2020 it was twice bigger.
Apparently, this low volatility resulted in lower than usual win ratio (48%) since our strategy is trend-oriented and may have sub-par efficacy in the choppy sideways market.
However, the equity curve was usually smooth – except for Friday.
Bottom line – even though lackluster compared to many others, the week was profitable again – and this is what really matters.
We have been documenting the results systematically since late September and they have been just phenomenal. Check our previous blog posts for more details.