Will you be Leaving On your Grid King over Christmas thru New Year?

[whisquer]

I know that typically a lot of traders start winding down their systems from around mid-December through after the 1st long week of the New Year. I've tend to do that as well every year.

But I'm conflicted because my backtests are fully run right through that period. And there's this spread analyzer that Dear Leader Wim has built into GK as well.

I intend to quant-analyze carefully the trading results in the Christmas Period through early Jan period in my backtests and see if that shows any disasters. If none... I might think about not shutting them down at all.

What do you intend to do?

POST EDIT: Looking back just on my uninterrupted EURUSD backtests results for the past 10 years, there's pretty much been little to no trades open from the period starting around 23rd Dec through to the end of the year. Heavy action tends to next occur around Jan 5th or thereabouts. It's fairly consistent right across the years.

 

[Golfer]

Hi @whisquer
I STRONGLY advice you NOT to leave GK running through the new year.
Even though it's true that EURUSD is known for it's stability throughout this period...that might well be the ONLY exception.
Please have a look at the horrendous spikes and flash crashes most AUD and JPY crosses go through during this low liquidity period and reassess if you still want to go through with the plan.

 

[whisquer]

Hi @whisquer
I STRONGLY advice you NOT to leave GK running through the new year.
Even though it's true that EURUSD is known for it's stability throughout this period...that might well be the ONLY exception.
Please have a look at the horrendous spikes and flash crashes most AUD and JPY crosses go through during this low liquidity period and reassess if you still want to go through with the plan.

Point noted and yes I remember those flash crashes!

 

[whisquer]

Hi @whisquer
I STRONGLY advice you NOT to leave GK running through the new year.
Even though it's true that EURUSD is known for it's stability throughout this period...that might well be the ONLY exception.
Please have a look at the horrendous spikes and flash crashes most AUD and JPY crosses go through during this low liquidity period and reassess if you still want to go through with the plan.

Ah I just noticed that GK has built in settings that as default would avoid trading during the Christmas to first week of the new year period.

 

[Brickwall]

Ah I just noticed that GK has built in settings that as default would avoid trading during the Christmas to first week of the new year period.

Problem solved

 

[Golfer]

Ah I just noticed that GK has built in settings that as default would avoid trading during the Christmas to first week of the new year period.

If I were you, I would start closing off the "dangerous pairs" asap...
As a seasoned Grid King trader, you know it can be weeks, sometimes months (depending on your settings) before a grid closes...you don't want to be caught in one of these situations where you have 3-4 dangerous Grid King baskets going into December.

My 2 cents

 

[whisquer]

If I were you, I would start closing off the "dangerous pairs" asap...
As a seasoned Grid King trader, you know it can be weeks, sometimes months (depending on your settings) before a grid closes...you don't want to be caught in one of these situations where you have 3-4 dangerous Grid King baskets going into December.

My 2 cents

Thanks!
Unlike Wim (or perhaps others) that trades all pairs - including 'dangerous pairs' and assume that they will hit a hedge a couple of times a year - I only trade selected pairs, with historically low DD and typically good behaviour trading within a range over a very long time. That severely limits my choices - to around 4 at the moment; but your point is well taken - thank you
whisquer

 

[whisquer]

EURUSD is still hanging on to a SELL basket grid - what about you guys? I still haven't closed out GK for the Christmas hols yet - I'm sort of waiting to see what will come out of the 'Safe Harbor' deadline of 8th Dec (next Tuesday) when all legal options for challenging the U.S. Presidential election should have run out before thinking about next moves (such as stretching my risk profile with my USD base / counter currency trades to the usual levels). Right now on a conservative path. It can take days if not weeks sometimes, I know, for GK to close out a grid.

 

[AlphaBeta]

EURUSD is still hanging on to a SELL basket grid - what about you guys? I still haven't closed out GK for the Christmas hols yet - I'm sort of waiting to see what will come out of the 'Safe Harbor' deadline of 8th Dec (next Tuesday) when all legal options for challenging the U.S. Presidential election should have run out before thinking about next moves (such as stretching my risk profile with my USD base / counter currency trades to the usual levels). Right now on a conservative path. It can take days if not weeks sometimes, I know, for GK to close out a grid.

I don't think the elections are having that effect on EURUSD at this point. This is across the board dollar weakness, 10 year bonds under 1%, and the fact that the fed made an announcement regarding no new interest rate hikes in the near term. At this point, if you have a short grid on GK you should be looking into a manual close, hedging it. How many orders do you have open on your Grid King grid?