This post should be subtitled “Dumb Luck and Confusion”.  My manual override decision saved me 23 pips of loss on a 1.7MM position (With the manual override, my loss was $1020, without it, it would have been $4930), BUT ONLY because the system would have triggered a stop loss provision that had never been triggered at any time during the backtest (2005 September – 2007 April).  Had this stop loss not been in the system at all, the short position from Tuesday 4/3 would still be open, and profitable (as of this writing).  This discovery MAY lead me to release a new version of the Cable Glider, but as of right now I am unsure. 

At any rate, the Bank of England left interest rates unchanged this morning, which caused a downward spike and upward retracement in the Cable, with the pair currently drifting lower.  The Cable Glider is idle until after tomorrow’s US Employment number.  Tomorrow is Good Friday…holiday week weirdness abounds!

As of right now, we’re still sitting on 1 win and 1 loss for April with a gain of 4.1%