Meta-Trader - FX Regression!

Welcome back Meta-Traders.

2011 week three came and went with two more nasty winter storms. This picture is from my backyard and I as you can see, the pool is closed for the winter. I did ok in Forex though as we will see below.

My equities account took a hit this past week with many leading stocks making sharp reversals wiping out gains for the year. At the same time, the broad market ETF's held up remarkably well. Still its been a great run in stocks and its a good time to consolidate recent gains and reposition into some winning stocks.

One thing I find about stocks is that their movements tend to be very asymmetrical where many weeks of slow, steady gains are wiped out in one or 2 days action. To see what i'm talking about, take a look at AAPL, MOS and POT. I managed to get out of those (still half in AAPL) with nice gains, but was not as fortunate with CRM, DECK and RVBD. Its amazing how one day you feel like the smart money, and the next day you are left holding the bag.

Anyway back to Forex. It was a quiet week versus the prior 2 weeks and most systems from Asirikuy were quiet. Atinalla No 3 Live had its first week of real trading with one winner and one loser for a small net gain. It also went out short USD/CHF will a small unrealized gain.

The winner on the week was FX-Regression Live which had its first full week of live trading and picked up 6.49% for the week or 110 pips! Filter the trades starting on 1/12/2011 to see just its trades since this was my former God's Gift Live account. Looking at the individual trades, it had 10 trades total and won on 9 out of 10. And the one trade that it lost was taken out on the low tick of the move, clearly a victim of stop hunting. By the way, Daniel Fernandez from Asirikuy did a great post on stops and stop hunting this past week, to check it out click here.

What I like about FX-Regression is that its benefits from sloppy, trend-less direction-less trading. In that sense, its the perfect compliment to the systems in Atinalla #1, which require some type of directional action to profit. It also has a risk-to-reward ratio which is totally known and understood in advance for each trade. FX-Regression is free to all readers of this blog so, if you are not trading it, join my yahoo group at http://finance.groups.yahoo.com/group/fx-mon/ and download it for free. Just be sure to trade it in a demo account first so you know that your settings are correct. And always use risk capital, or money you can afford to lose.

Next up was Atinalla FE which was idle in both demo and live instances. I also stopped trading the "Twin Scalpers" account and started Atinalla #4 portfolio in that same live account. It did not trade properly due to technical problems with the EA setup. Those issues have been corrected and I expect to have my first week of real live results next week. Also, I have an additional $2000 live funds ready to trade once I find another system worthy of my real money.

Megadroid, Sapaq and Quimichi didn't do much worth discussing. Also, the jury is still out on the Sapaq system as i'm trying to understand how it trades and its profit to drawdown characteristics.

For future posts, i'm going to review Atinalla FE, Sapaq and Atinalla #4 with Sapaq modifications. I'm also may be reviewing Forex GPS and Pips For Idiots. So check back later for that and have a great week.