Welcome back Meta-Traders.Here's wishing everyone a happy autumnal equinox which signals the first day of fall here in North America. Now that the earth has completed half its annual tilt, its seems everyone is finally back from the beach.
On Tuesday, our Uncle Ben Bernanke and the US Fed came on and basically said they would throw money out of helicopters if that's what it took to get this economy going again. That plus some decent jobs numbers lit a fire under the EUR/USD and send the dollar tanking across the board and equity markets soaring. That made for great conditions for the trend following robots as we'll see below.
I had my best week in years in the equity markets and crushed it with Netflix and Apple. I'm primarily a trend follower in equities and nothing screams Buy Buy Buy! to me like a breakout to a new all-time high. Let's get to the forex.
The winner on the week once again was Atinalla #1 by Daniel Fernandez over at Asirkuy.com which ripped higher gaining 9.1% for the week. This system was firing on all cylinders with solid gains from each of the 3 embedded experts. This robot clearly benefited from the strong trending action in EUR/USD this week and is now up 13.4% since starting it back on 7/29/2010.
This system is going to be one to watch since it seems to encapsulate and concentrate some of the best features of Daniel's systems, and package them together for optimal performance. This system has pulled in an impressive 563 pips in the less than 2 months its been running.
The Megadroid's were finally back from the beach with a 2.5% gain in Megadroid Live and a 2% gain in Megadroid Demo. These systems are now up 27.4% and 34% for the year respectively.
One bummer in an otherwise upbeat week was Scalper X which lost 9.4% for the week and gave back most of the year's gains. I've been concerned about the performance of this 'bot lately and I think i'm going to shut it down and start it up live on my new live account setup over at IamFX.com where I opened a live account this week. My experience has shown that both Megadroid and ScalperX will perform better on IamFX due to the narrower spread. 6% of my 9% loss this week would have been closed at a 2% profit had I been executing on IamFX at least in demo mode. Stay tuned for some actual results, it should be interesting.
The God's Gift's were quiet once again and I should just stop following them and remove them from tracking. They obviously are not trading properly since FXDD went to 5 digits and i'm going to be running the ATR versions anyway.
Finally, System Q EUR/USD had a good week and picked up 2.6% trading both sides of EUR/USD. System Q AUD/USD had a good week and picked up 1.7%. It was been off-line for the past week while I had to resolve some license issues.
And speaking of System Q, i've finished my blog post and i'm ready for the big reveal. It will come in a new post on Sunday, September 26, 2010. So be sure to check back for the big unveiling then.
Thats all for now, check back later.
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