20 Day Trading Challenge - Crushing it with Ripper X AI Pro!
Entertainment
Introduction
Good morning everybody, this is Geo with Life Trading with Geo. Today is Tuesday, June 9th, and I'm continuing my 20-day challenge, which I've aptly named my "20-Day Challenge with the Ripper X AI Pro".
Settings and Configuration
I’m trading with three contracts, maintaining the same settings as before. Notably, I have the automatic stop and target enabled. However, I have disabled the volatility shield. Disabling the volatility shield means that the bot will execute more trades since the shield typically filters out certain scenarios to protect your trades.
Managing Trades
With the volatility shield disabled, it's crucial to manage trades more carefully, especially immediately after market open. The open sees significant price movements, and if not managed properly, one can quickly end up in a problematic situation.
Keywords
- 20-day challenge
- Ripper X AI Pro
- Three contracts
- Automatic stop and target
- Volatility shield
- Trade management
- Market open
FAQ
What is the purpose of the 20-day challenge?
- The 20-day challenge aims to evaluate the performance and reliability of the Ripper X AI Pro trading bot over a consistent period by adhering to the same settings and configurations.
What settings are used for the Ripper X AI Pro?
- The trading setup involves three contracts with automatic stops and targets enabled. The volatility shield is disabled to allow more trades.
Why is the volatility shield disabled?
- Disabling the volatility shield allows the bot to execute more trades. While the shield usually filters out trades in specific scenarios to reduce risk, the challenge involves taking on more trades and managing them more actively.
How do you manage trades, particularly at the open?
- Due to significant price fluctuations at the open, trades are managed meticulously to avoid falling into a detrimental situation quickly. This involves closely monitoring trades right after the market opens to mitigate risks.