Update On OANDA Forex AutoBot
Solid Friday. Here’s the discussion:
The story of the day was really two sessions. The early morning (01:00–08:00) was rough — the GBP_JPY long at 01:26 got stopped for -£5.14, and two GBP_USD longs went nowhere (one breakeven, one -£3.73). That’s -£8.87 in losses before London even opened.
Then from 10:45 onwards the bot completely turned it around. EUR_GBP printed +£10.08, and the three EOD closes at 19:06 were the real money — GBP_JPY alone banked +£40.28, EUR_USD +£18.37, GBP_USD +£14.37.
The profit factor of 9.37 is exceptional — for every £1 lost the bot made £9.37. That’s largely because the winners were held open all day while the losers were cut quickly. The staircase and EOD close working exactly as designed.
Things worth noting:
The early GBP_JPY loss (01:26) and the big GBP_JPY win (19:06) are the same pair — the bot re-entered at a better level (213.680 vs 213.715) and rode it to +£40. That’s the system working correctly.
The two morning GBP_USD trades are a mild concern — back to back entries at similar levels (1.34227 and 1.34257) both failed. Worth checking whether there’s a cooldown between same-pair re-entries, or if the signal was genuinely different each time.
All 7 trades were LONG with no shorts at all today — the bot is clearly finding directional bias. Whether that’s the EMA/RSI filters doing their job or just a bullish GBP/USD day is worth keeping an eye on over coming weeks.
Net result: +£74.23 on a demo balance of £94,308. Good Friday. 🏖