I've been holding back on you regarding another robot i've been testing and trading live for the past few months. For various reasons, I don't want to identify it so i'll just call it Scalper X. This robot trades EUR/CHF in a manner similar to the Megadroid.
In terms of the name, remember the Speed Racer cartoon? There was a character called Racer X who was rumored to be Speed's long, lost brother. He was a better racer than Speed, but had a falling out with the Racer family due to wrecking the first Mach-5 on the final lap of a big race while crusing toward victory. Check out Racer X for the details. Gotta love Wikipedia for being the authority on stuff like this.
Anyway, I have been trading Scalper X in a live Forex.com account since 4/19/2010 and its up over 10% in about 53 trades. The performance is actually a little better than the statement shows, since the account was down about 2% when I started trading it.
Scalper X has a lot of properties that I like. It trades almost 4 days a week on a live Forex.com account. This past week, for example it made over 3% in a single evening on Monday. Most of the time it doesn't reach the profit target and instead exits with a small profit or at breakeven.When it does take a loss, it seems to do so at a lower level than Megadroid which (if its going to loose at all) loses at least 40 pips. Due to its scalping nature, it is very spread sensitive and therefore will perform different on various brokers. I have a Scalper X multi-broker challenge going as well and may reveal the results at a later date.
I did this backtest earlier this year before I started trading live. I tried to re-do these back tests again this morning to compare the live test results with a back test over the same period. Due to issues with the back-tester and high weekend spreads, I could not get an accurate back test going.
Due to the uncertain nature of the back test, i'm likely to suspend live trading on this robot if it takes the account into drawdown. For now, it's in the positive, so we'll see how it works out.
In terms of the other robots, God's Gift EUR/USD picked up 31 pips on the week and is now up 25.8% for the year. Its cousin God's Gift GBP/USD picked up 15 pips on the week and is up 24.4% for the year. These robots have been trading more like scalpers recently. Also, I believe this is the first time that EUR/USD has pulled ahead of GBP/USD so far this year.
I should point out that my God's Gift test results seem to differ from those found on live accounts over at Asirukuy. For example, the 2 live accounts trading GBP/USD lost -40 pips and -33 pips on the week, while my FXDD-based demo added 15 pips on the same trade made the same day at substantially the same entry price. Similar story with EUR/USD which lost -36 pips and -39 pips on trades made 6/24 while my FXDD demo made 31 pips!
I will do a detailed comparison of the settings and see if I spot any differences. But it goes to show you that demo results and live trading results are often substantially different as we know from watching Megadroid.
In terms of the Megadroid multi-broker challenge, they all gained substantially the same number of pips. FXCM's take was doubled due to the fact that's it's still on double lot size due to its drawdown from a loosing trade made the first week of the challenge. Clearly, IamFX is the winner of the bunch here and let's see if it continues.
That's enough for now. I am a bachelor today, so I might have a cool new post ready for you tomorrow AM. Enjoy your Saturday.