Please find below February 2026 update.
We have mostly been able to close all our AUDCAD and NZDCAD trades held over from January and February.
The sell AUDCAD positions dropped over 2 cents in the last week due to the price of oil spiking due to the war in Iran.
We are writing this whilst the war is about a week in within Iran. Whilst some fluctuations in the markets, it is nowhere near the level when war broke out between Russia and Ukraine. We did turn off the strategies for a couple of days but soon turned them back on as could see markets trading within appropriate levels of risk.
Notice the news is now quiet on Venezuela. Reminder this occurred in January 2026.
Some of our strategies incurred losses for the month as set stop losses were hit when AUDCAD was trading at all time high in 10 years. Also we wanted to close out of some AUDCAD and NZDCAD positions as was preventing trade whilst many positions on hold.
We plan to rebuild the MT5 strategies as one of the bots has not managed the risk level of AUDCAD and NZDCAD trades continually creeping up. The one in 10-year event has impacted the bot. It has done what it should but not to the risk profile we like.
Whilst larger drawdowns are not how we normally trade but need to always build our strategies to manage them. It is part of trading, and it is not the first time this has occurred for us. Just need to be patient and stick to how we trade and within our risk parameters.
Any queries, please not hesitate to come reach out.
