To Override and not to Override

I started today trading the ESTX50 (Dow Euro 50) future on Eurex. The ES had weakened considerably overnight, so when the ESTX50 opened at 7am London time I expected it to open down and weaken. Flo didn't give a signal (I didn't expect that she would) so I sold the close of the first candle as you can see from the pic below.

I scaled at the first green candle which rejected the low (@ 29050) but did not close all my position, as I wanted to give price a chance to hit my Fib target which I had diligently drawn before the market opened. I was nicely repaid for my homework and closed out the balance at 2895, banking 20 points/contract on the last half of my position. I was finished trading for the morning after 1 1/2 hours of work.

I started again half an hour before ES RTH. The market was down and I just wanted to grab some points and run. Flo did the rest quicker and better than I could have in such a fast market and no slippage. I was finished for the day in minutes.

The flexibility of HT is amazing and I am always thinking of new ways of using it. There is no need to trade all day. Switching Flo on when there is money to be made and stopping when I have achieved it is a better way to go. You can find me talking about trading less and earning more in the blog about 200 posts ago. Using Flo like this is a more recent idea. I can backtest for different times of day and have algos ready to go when I switch Flo on at that time of day.