Advice on my Trade Setup

CrispyCactus96

I am currently implementing the Smart Grid strategy fully automatically.
By the way, I read the “hard facts of algorithmic trading” site you mentioned.
Ultimately, there is no such thing as a completely automated trading strategy.

So I understand you mentioned that it should run semi-automatically.
So my current chart is as follows. I have 7 short positions.

The green TARGET is above 20 pips of current price. In this situation, should I manually take some action (e.g. exit current positions or execute a new long order) by referring to TARGET as a reference indicator?

I think it would be dangerous to rely too much on the parameters I optimized based on historical data and do fully automatic trading.

I'd like to hear your advice.

Sebastian

It is always difficult to advise on which way the market will go, you will need to learn from any mistakes, I would also limit the number of trades open to 1,