Sunday, July 25, 2010

Meta-Trader - Scalpers Hit the Wall

Welcome back Meta-Traders.

As explained in yesterday's post, I'm back from a week of vacation. And this past week, most of my robots traded like they were on vacation as well.

God's Gift EUR/USD and God's Gift GBP/USD didn't trade this past week at all. This was a bit of a mystery since a few of the God's Gift ATR accounts over on Asirikuy traded a few days last week.

Similarly, neither Megadroid Live nor Megadroid Demo traded this past week. In fact, neither robot has notched a trade since the first full week of July. What is a bit disconcerting is that the Megadroid accounts at IamFX and FXCM both traded this past week.

Another let down was Scalper X. After gaining almost 4% last week in my post Forex Robot's Jail Break, ScalperX traded on Monday and took an 8-pip profit. It had 1 pip winners on Wednesday and Thursday as well and took a 9 pip loser on Friday. Net result was a 1 pip-profit on the week.

A quick look at the logs under .\experts\logs indicates many, many instances of spread-widenening. So it looks like forex.com is on to me with Scalper X and is now shutting it down in a manner similar to what they do with Megadroid.

So what to do, what's the solution?

I have some good stuff cooking that back-tests as good (or better than) the scalpers. But its not fully-baked so check back later for updates.

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