Kindly letting you know last night a few of our strategies had higher draw downs then we like.
We are closely monitoring them and will turn off strategies that the draw down goes over 30% to assess the next steps.
Some of our strategies have bots with a built in average true range (ATR) setting. This setting looks for high volatility in a trend which occurred on some of the pairs as there was very large movements in a short period of time. The bot assesses this as time to close the positions and will do so in a loss position.
Further to this some stop losses were triggered as again large movements occurred.
The ATR is not on all our strategies, so some strategies closed the same pairs whilst others are carrying them.
We will continue to monitor our strategies and particular news events which are the reasons for these large movements occurring. When you have long quite periods of trade, news events are now causing large movements to occur due to lack of regular trading.
Any queries, please do not hesitate to reach out.
