A separate and distinct program designed to specifically neutralize the inherent currency exposure of an entity. Ideally, it is supposed to function as an autonomous operation from other treasury functions.
This project we (the UnderGrounder) used 2 pair which is GU + EU.
The position of entry is auto determined by the EA as been setup earlier to read current trend-line both pairs. The pairs (GU & EU) will OP in couple formation, whereby GU BUY & EU SELL depend on trend and the lot size is different too. The EA allow us to set TP accordingly based on market condition and usually set at the achievable value. Below is the 1st 3 days run results.
I start with live account that have USD 30 + USD 100 credit = USD 130 equity and plan to let it run until maximum.
but for this project we found a loophole which have affected the real result.
1. The broker execution time too slow which resulting only one pair OP while the couple stuck (offquote) or connection time out by the broker server. This disadvantage applied too during the EA closing profitable couple position that has met TP. In this case, broker selection is important. You can see this scenario by referring to above graph whereby there is major drop in line graph due to manual close by me for incomplete couple. Incomplete couple must be closed immediately before its ruins your position.
that all for today update for this project.
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