SMA Trading ES500
This strategy is profitable so far, however the SM works with too high leverage in my opinion, especially when trading XAU (GC). I had 2 profitable moths trading via autotrader and hope this low drowndown will be keeped up.
+ good entries, mostly right direction
+ good risk management, because loses were cuted quickly
+ many tickers, FOREX, commodities and incicies
+ mostly no over night positions
+ low drowndown
- often trade is in a fat profit but SM does not close it and it ends with a loss or even big loss (i.e. 2 GC on 20 June 25)
- often too big size, SM could be much more elastic holding only 1 GC (XAU) contract instead of 2. I did not understand why mostly 2 cons for XAU, it is really risky.