Strategy rules
How the Grok Trader bot is meant to trade. This page describes the plan; it doesn't control anything. Trading is paused and the bot runs on example data only.
🎯 Take-profit & stop-loss
Every trade gets its take-profit and stop-loss before entry. Once the trade is open they are never moved, not to give a loser more room and not to squeeze a winner.
⚖️ 1% risk per trade
Position size is set so that hitting the stop-loss costs at most 1% of the account balance. A wider stop means a smaller position.
🛑 Daily −3% stop
If the day's losses reach −3% of the balance, the bot stops opening trades until the next day. A bad streak can't wipe out the account.
📊 Data sources
Prices and execution: OANDA. Forecasts, actual numbers and the calendar: Forex Factory and investing.com.
⚡ News-spike rule
The bot trades the price spike when a big report comes out, rather than avoiding it.
- Events. NFP (US jobs report) first, then CPI (inflation), FOMC (Fed rate decisions) and other red-impact releases. WTI oil also uses the weekly EIA crude inventory report. See the Events page.
- Before the release. Read the forecast and previous numbers from Forex Factory and investing.com. No new trades in the few minutes before the print.
- At the release. Compare the actual number with the forecast. A big beat or miss sets the direction. Example: a strong NFP usually means USD up, so EUR/USD and gold down.
- Confirmation. Enter only if OANDA's price confirms the move within the first one or two minutes, with TP and SL fixed before entry.
- Spread filter. Spreads blow out at release (about 5–6× on gold, far more on BTC/USD). If the spread is too wide, the trade is skipped.
- Short hold. Close within 5–15 minutes. The bot takes the spike and gets out instead of holding.
🧪 Demo first
The bot is backtested on months of price history, then runs on an OANDA demo account for two to four weeks. Its live demo results are compared with the backtest. Real money only comes after that, starting small, and only with the owner's go-ahead.