After more than 4 months of trading with ReticoloFX we can say that we all know much more how it works and what we can expect from it.
As we expected, after we passed the summer months, the EA has restarted making money. This is how it works and how it is expected to work.
ReticoloFX uses a purely mathematical trading strategy and being so we don’t care much about the direction of the trend. The important is that there is a clear one. We spent 2/3 months with almost no direction with quite wide ranges. This is absolutely normal and it’s part of the game.
But it’s very very important to be able to stand periods like the one we passed so that we’ll be ready to make the profits we expect to have. It’s like seeding to reap “rewards” when everything is ready for that. And that’s what happened since the begginning of September.
The key is using a conservative approach when choosing the lot size and have the patience to wait during periods like the just passed summer.
As you know we are working on ReticoloFX 1.5 that will dramatically reduce the number of open orders at the same time. But probably we won’t do any change to the core strategy. It’s very difficult to find a “filter” to avoid being stucked in range periods as you really don’t know you are in a range until time passes. Only a “human” analysis can help in that. But ReticoloFX is meant to run “unmanned” once you have enough “room” for it to do its job.
We’ll write more about ReticoloFX when we’ll be ready for beta testing version 1.5 that should be in a couple of weeks maximum.