Week Starting 24 October 2016

 

 

 

After taking profit yesterday, the PIPS collector has been re-activated approximately  2 hours after the Australian CPI release, as this data was the most risk for volatility amongst all the reaming data releases for the week.

 

That said, the lot size has been reduced by 50% with settings as usual.  

 

Order Step =5 

 

Take Profit =4

 

 

 

Look for further updates during the week.

 

Week Starting 24 October 2016

 

The PIPS Collector is still running from the start of the previous week when activated on 17 October.

The current return is now approximately 12% in 3 months of trading. http://www.myfxbook.com/members/iticsoftware/pips-collector-ea-hedge/1804783

Looking ahead and there are some key data releases in the middle and towards the end of the week, that could cause potential volatility for the PIPS Collector.

US Consumer Confidence, Australian CPI and US Advance Good Trades Balance on Wednesday.

US Durable Goods Orders on Thursday.

US GDP and US Personal Consumption on Friday.

So should we get the opportunity with the PIPS collector positions getting close to square before those releases, then we will look to take profit and hold off re-activating until next week. Alternatively, we will trade through the data but change settings pre the above releases:

Order Step =30 

Take Profit Step =10

 

Look for further updates during of next week.

Learn more about FREE PIPS Collector EA

Week Starting 17 October 2016

 

The PIPS Collector has been activated 1 hour after market open with reduced lot size of 30%. Order steps and take profit settings will be widened before key data releases.

 

US CPI on Tuesday,  GDP in China on Wednesday and Employment in Australia on Thursday.

Suggested setting pre the above releases:

Order Step =30 

Take Profit Step =10

 

Further updates provided during the week.

 

Week Starting 10 October 2016

 

The PIPS Collector took profit today, closing all trades and to avoid the potential volatility from US Advance retail sales due in the US later today.

The return is now 10% in under 3 months of trading.

 

Looking ahead and next week has three key data releases that could cause potential volatility for the PIPS Collector.

US CPI on Tuesday,  GDP in China on Wednesday and Employment in Australia on Thursday.

 

At this stage, we advise to activate the PIPS Collector on Monday but reduce lot size by 30% and widen the settings for order steps and take profit before data releases.

 

Further updates at the start of next week.