EURUSD: Size: 0.01 ($0.01/Pt) Status: Waiting for OverBought.
S&P 500: Size: 0.01 ($2.50/SPX-Pt) Max Risk: $2,500. Status: Long bias - Caution.
Leto is a semi-automated Mean Reversion EA, which can work on any asset but has been focused primarily on EURUSD and S&P500 due to liquidity and transaction cost considerations.
The EA diversifies both entry levels and take-profit levels, creating clouds of exposure at key points, and monetising volatility in multiple timeframes.
Entries, exits and risk management are all internal to the EA and executed automatically, while the EA itself is deployed discretionally in medium-term overbought or oversold situations.
The total exposure is also managed by the EA via an internal global stop loss, which triggers an auto-removable hedge.
There is no size escalation in trade size, and aggregate exposure limits are defined discretionally for each trading swing.
The main benefit of the approach is that the trader doesn't have to be perfectly right in predicting exact single entry points for a trade.
The cloud mechanism might miss the perfect entry, but will on average capture enough of the market action to be profitable.
Similarly, the take-profit distribution allows the trader to benefit both from sideways volatility and from strong directional moves.
This is a very powerful tool for a conservative and modest trader with the patience to deploy it selectively, and with strong risk calculation and management framework.
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