When I started the NextLevelForex project, I had a very strong reason for picking (semi-)automated trading: I wanted a business that I can put on hold whenever I want, for as long as I want. Now the time came to put that feature to the test, since I’m soon going to take a longer vacation… To my surprise, I had a good amount of hesitation. “Why should I stop trading? that will just mess up my stats”, “there is a high chance the next two weeks are going to be quite profitable, so let’s trade for just a few more days”, and other similar rationalizations were going through my head. Luckily, I was able to recognize them, and today (2011.11.29) at 9:40 PST I pulled the plug!
Here is the status and the plans moving forward, for the systems on my public profile:
01A - S: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
02A - A: continue to run with minimum lot size = a lot smaller (10x - 30x) than regular; plan to resume trading on Jan 15
03A - G: continue to run with minimum lot size = a lot smaller (5x - 20x) than regular; plan to resume trading on Jan 15
04A - T: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
16M - M06: not traded, since the trader and I agreed on something that did not happen yet; keep on hold until Jan 15
Happy Holidays!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford