Welcome Back, Meta-Traders.It was an extraordinary week on the world stage with an 18-day mass-protest in Egypt resulting in the ouster of President Hosni Mubarak.
Congratuations to the people of Egypt for affecting a major political change with little or no violence. Ghandi, Jesus and John Lennon would be proud. Also, the Egyption Army played an exemplary role of non-violence which is pretty amazing considering their role as defenders of the status quo.
The world's markets went on more or less unaffected by events in Egypt, until Mubarak's departure was announced about mid-day on Friday with little warning. Equity Markets interrupted their relentless upward surge with - you guessed it - another spike to the upside!
Particulary impressive were a handful of Nasdaq stocks such as Apple (AAPL), Amazon (AMZN) and NetFlix (NFLX). Secondary issues QCOM and HMSY put in good performances as well. Each of these companies has built their franchise over many, many years and in the process developed deep barriers of entry to fend off potential competitors. In any case, my equity portfolio surged and i'm doing well for the year but lagging the major averages.
The forex markets were pretty quiet. Atinalla #1 started off taking a nice profit from a trade left open from last week but then gave some back. Either way, its leading the pack up about 26% for the year.
Atinalla #3 gave back about 48 pips for the week but remains up just under 6% for the year.
Megadroid Live came off a period of inactivity and picked up a few pips for the week. Recall this account was up as high as 30% last year before giving it all back and going into drawdown. As of now, its down about 1% from when I started it back in December of 2009.
My own EA FX-Regression Live went into drawdown and gave back all its profits for the year. It took 6 trades and lost on 4 out of 6 which is atypical. One thing I noticed is that since the 3 pairs it trades are all somewhat correlated, they tend to either win or lose as a group, and this week it was lose. Another thing is that EUR/USD is supposed to take the rest of the week off after a losing trade. Since it lost on Monday, and traded again on Friday, there's a bug in its underlying logic. USD/CAD didn't trade at all and EUR/USD and USD/CHF took all the trades.
Atinalla FE went into drawdown closing a trade left open from last week.
Finally Atinalla #4 Live continued to bleed money. I removed the God's Gift instances which have been performing poorly lately and responsible for much of the losses. I took a look over at Asirikuy and its seems like the performance is pretty much being duplicated over there as well.
On the account maintenance side, I have the first full week's results from Atipaq Full Portfolio Demo. I'll be watching that going forward for potential live trading. Also, i'm going cancel the Quimichi demo since there's no chance i'm going to trade that live.
In terms of system development, my regular job has me over-subscribed, leaving no cycles for programming. Take care and have a great week.
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