OK so here are the results of my studies (not financial advice, it's worth as much as you've actually paid me for it lol):
* My 'always on' available pairs: EURCAD; EURUSD; USDCAD; USDJPY; but because of the fear, uncertainty and doubt sowed by the challenge to the U.S. presidency, and many of my pairs carry the USD element, I've gone on 'reduced risk'. For me this meant halving my risks profile (or thereabouts) for now. But I will resume full steam probably post Jan 20th when something concrete happens
* During the past weekend, and the downtime afforded by the U.S. presidential elections, I went on identifying an additional second layer of pairs to possibly include in my portfolio. After running a barrage of tests, including tweaking settings and all (not optimizing, but simple things, like just turning AutolotSize On/Off, Rolloverfilter On/Off etc.) - I'm gravitating towards including the following (possibly on reduced risk):
- EURCHF - Autolot Size Off, Rollover Filter Enabled
- CADCHF - Autolot Size Off, Rollover Filter Disabled
- AUDUSD - Autolot Size Off, Rollover Filter Enabled
- NZDCAD - Autolot Size Off, Rollover Filter Disabled
- GBPAUD - Autolot Size Off, Rollover Filter Disabled
Some of you might be thinking - why should the AutolotSize setting matter - if I'm just picking a drop-down from the GK "Running Mode - % Risk" option. As we say in these parts, "By right it shouldn't matter, but by left ...."??? And when you do the tests, you might actually see the difference like I did, minor as they are. A Wim special, possibly!
Now, extending the risk of pairs will definitely increase your likelihood of hitting a hedge; and other traders that I respect have opined that this is not something that they (or I) enjoy or would like to go through again:
And why? Value your thoughts on this! whisquer
forextoforum.com
I think that I might 'dip my toes' with these pairs with very low risk and see if I can gain comfort around them. For instance, anything with GBP I still take a cautious approach for now. I know that others have said that some of these pairs may not work for them; so I'd like to do a face-off on your backtest results and mine and hopefully we can see why you feel the way you do, and perhaps why I feel the way I do; and we can make decisions from there! Meanwhile, I'm continuing my research and studies through options such as playing with the 'Set Reverse Grid Starting At Trade X' options.
I would value the inputs, feedback and observations of all community members.