April 2021 - Results

​The R2D2 - The Automated Trading Service
​
April 2021  my money earned $227.09
Account % growth for this month: 6.17%
Overall profit made since I started sharing my journey in August 2020: $994.86 or 26.2%.
Since August this averages out to be about 3.25% per month

This month I withdrew US$420 from this account and added it to my gold account. This additional capital allowed me to raise my LOT size in my gold account.

These are my own results and opinions.  Returns are not guaranteed and any capital is at your own risk.re to edit.

With the effects of the US Stimulus packages and more money in the US economy we did see the weakening of the USD on a fundamental level. We saw the USD price start the month of April around at US$1.17 and end the month at a high of US$1.21.  It was quite a consistent uptrend for the month of April.  Our automation saw a number of sell trades in play which reflected the general sentiment of retail traders who also were 'net short' with their set up's too.

With the start of May again the general retail trading sentiment is 'net short' and from a technical prospective the price action shows a  small price fall or a strengthening of the USD. From a technical prospective I think its looking for a new demand zone for the pair, which at this point is around $1.20 which could see the price start a new uptrend.  However, we must remain reactive and if the price falls below $1.20 and doesn't confirm a $1.20 price then we will be looking for a new demand zone around $1.1950.  But lets see. 

Though this service is all automated I do look for the chart patterns and price action myself to help me understand why trades are set and what the automation and professional traders are planning.  Strategy and being reactive are keys to ensuring we trade with the trend and profit well from trades set.