Status update!
This bot (EA) seeks to buy oversold conditions and sell overbought conditions on major currency pairs.
You should allocate $1000 at 1:30 leverage and expect up to 25% maximum drawdown.
The bot will make consecutive entries when the condition persists, so substantial drawdowns can be expected. However, due to the clever synthetic hedging between the various currencies that it trades the effect on the overall account should come to around 12% (normal), 25% as an extreme.
I do not intend to monitor the chats on ZuluTrade so do not ask questions or make your trolling comments there. I will give important updates about the functioning and my operation of the EA there, like when I intend to shut it down for a long period of time and when I intend to withdraw profits from it.
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