Welcome back Forex Fans.It was a quiet week in the land of the trading robots. Megadroid traded only once this week when it took a pair or sell signals on the EUR/USD on Tuesday evening.
Megadroid trades 2 strategies concurrently and its rare to see two trades at the same time. In fact seeing any trades is an event since its been trading about 2 or 3 trades a week so far this year. But i'm not complaining since the trades have been 100% profitable so far. Megadroid does have periods of drawdown - some as much as 44% - as we saw from backtesting in my prior blog entry Megadroid testing and 1% a week.. So lets hope the equity continues to build so that when the drawdown comes, we will have an equity cushion established.
Just close your eyes and say "1% a week", "1% a week". At 60% a year it really adds up. I'm looking for more robots in that category, so let me know if you have any tips.
I'm working on some material for a post regarding order handling in MT4. Check back later for that. Enjoy your weekend,
Chris
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