Since the public release of RobovestFX in the middle of March 2017 and the middle of June 2017, there have been over 300 trades executed by the Robovest trading robot. Of these trades, over 80% have yielded a profit. The average length of a trade is a little under 20 hours. RobovestFX investors have a realized gain.
Most RobovestFX trades yield small gains, but occasionally, there are larger gains or losses recorded. On rare occasions, there are trades outside of the normal trade pattern. We are highlighting one of these trades to illustrate how RobovestFX deals with trade anomalies.
On May 11, a trade was initiated for a EURCADPRO pair. At the end of the day, the open trade was at -$10.06, not an atypical amount for the early period of a trade. Things got interesting the next day, when the daily report reflected the position as -$118.84. Clearly the trade had blasted past the stop that would normally be executed smoothly and routinely by the robot.
Based upon an analysis that this trade was being influenced by outside factors beyond the scope of the trading algorithm, a decision was made to not simply take the excess loss. The trading analysis still showed this as a good trade but other factors were throwing the currency pairs beyond the range of the algorithm. Often time these are political issues (Brexit, and the French and British elections are examples.)
The trade continued to experience downward pressure, and the hold on simply selling the position with a loss continued. The downward pressure continued until June 2 when the trade, on paper was down -$337.35.
From the outside, things were not looking good. If you were looking at this trade on your daily report, I am sure you were somewhat concerned, even though this remained an open trade.
However, the robot saw something else, as factors were beginning to normalize. Between Friday, June 9 and Monday June 12, the trade moved from -$214.25 to -$60.48. Still a loss, but a major swing in the trend line. The robot was brought back online to monitor the trade. During the life of the trade, the average unrealized loss was -$204.57. However, what matters to RobovestFX investors is the trade closed on Tuesday June 12 with a small profit of $10.38.
The above trade illustrates that not all trades are the same. Even with factors well outside of the trading algorithm, the RobovestFX team can shift strategy on the fly to trade beyond the normal bounds. This 24-day trade is not what you should regularly see (and it contributes to the referenced 20-hour trade period cited above.) There are always going to be outside influences that impact Forex trading, but it is good to know that the team has the experience to know when to set aside the normal trading strategy and carefully monitor an individual trade for an anomaly.