This week, the value of the Euro rose significantly, which made it a bit challenging for the Euro-dollar (EURUSD) bot, particularly due to the steadily increasing price without taking even a small step back.
Most bots closed all positions for the weekend, except for one bot. In this case, it was with a different broker than the other currency bots. However, the damage is relatively minor because the interest rate is in our favor.
Incidentally, it was the same bot that struggled a bit in January. It seems somewhat related to the broker and possibly the spread at that broker, which just seems to make the difference.
This week, we mainly saw many short positions on the currency pairs. In previous months, there was clearly a long-trend ongoing. The market seems to be shifting, but that’s not too surprising given Trump’s rather unpredictable policies. At the moment, my personal opinion is that the forex markets seem safer than regular stocks. Incidentally, for U.S. stocks, it was about time for a slight cooldown, which is why I had already been focusing more on European stocks for a while.
Gold (XAUUSD) Bot Stable
While the currency pairs displayed more erratic behavior this week, the gold bot was calmly handling its trades. The drawdown was even as low as -0.3%, compared to -19% for the currency bots—a clear contrast.
Would you also like to join my gold bot? Check out this page: Copy-trade gold XAU/USD.
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