Welcome back Meta-Traders.Last week's massive snow storms gave way to a different type of weather this week - the Wintry Mix. Fortunately, we got through it okay with no damage or loss of power. Things continued to sizzle in the Forex markets and we'll see in a minute when we do the numbers.
Equity markets made back most of last week's losses and nice rebounds in AAPL and AMZN as well as a new all-time high in NFLX bringing my equity portfolio to within 1% of a recent equity high.
On the forex side, the week's winner was Atinalla #1 which gained just over 5% for the week with nice gains from all 3 embedded systems. The best gain came from a buy trade in EUR/USD triggered by Watukushay #2 last week and closed out on Tuesday for a 127-pip gain. Nice gains came from the other 2 systems on the short side of EUR/USD and as it stands now we have about 50 pips in profit on 2 open trades. This portfolio is now up a sizzling 25.36% year to date.
The Atinalla #3 Live and it demo equivalent had a pretty good week as well picking up 277 pips or nearly 1.2% for the week.
My own EA FX-Regression Live took 10 trades for the week and won on 8 out of 10 picking up 52 pips for the week. I was particularly happy with last trade of the week where FX-Regression was long EUR/USD while most of the Asirikuy system were short EUR/USD. Once the Non-Farm-Payroll numbers hit at 8:30 AM EST, EUR/USD had a sudden spike up which took me out of the FX-Regression trade at a 27-pip profit, 7 pips above my 20-pip TP! This turned out to be the upper shadow of the hourly candle, and EUR/USD turned around and went south bringing in nice profits on the short trades.
This was a case where a collection of EA's can profit from both the wiggles and the big moves. I should advise caution, however, since things could have just as easily gone the other way. So keep your risk level as recommended and keep a long-term perspective.
By the way, FX-Regression is free to members of my Yahoo group, so if you want a copy, join my Yahoo group at FX-Mon. Please run it in demo for a while to make sure the settings are correct and only use money you can afford to lose.
Next up is Atinalla FE Live which was down as much as 5% early in the week, but came roaring back on Friday and closed the week up 76 pips. This system is now up +1.71% for the year. This EA is also free, courtesy of Daniel Fernandez over at Asirikuy and can be downloaded here.
The only rough spot continues to be Atinalla No 4 SM which was down as much as 11% about mid-week, but came roaring back on Friday but still lost about 1.1% for the week. I nearly pulled the plug on this system mid-week, but decided to stick with it. I'm not sure i'm out of the woods on this system since I am undercapitalized by about one-third. So i'm going to keep a close eye on it.
Upcoming changes for next week:
Scrap demo accounts for Atinalla #3 Atinalla FE and just run the live instances. These systems have few demo-to-real execution issues due to their wide TP and SL's values. Besides, I can always use the other live instances on Asirikuy to confirm whether they are trading properly. This will free up some CPU and disk for other systems.
Start trading the "Atipaq Full Portfolio" from Asirikuy in a demo account. This account has been doing very well on a year-to-date basis. It shares some systems and pairs in common with Atinalla #3. Once i'm convinced that's running properly, i'm going to go live in my Forex.com #4 account which has been idle since funding it early this year.
That's all for now. If anybody has any tips about good EA's or systems, web-sites etc, please leave me a comment and have a great week.
Hello Chris,
ReplyDeleteThanks for another great update :o) I am glad you didn't have any power cuts or such other problems with the snow !
About your current tests I would like to point out that running Atinalla No.4 so much below the minimal capital threshold is not a wise thing to do because lot size rounding will make you take larger risks and with only a limited amount of draw down some systems will be unable to trade (lot sizes will be below the minimum possible). It is very important to trade portfolios above their minimal capital requirements, otherwise the possibility to run into trouble will be magnified :o)
I have also watched your FXRegression trial with interest. I have never coded any mean regression strategies due to the inherent problems of eventually aiming for very low profit targets - which was what I kept obtaining on simulations - so I will be especially interested in any back/live testing consistency analysis you post about your EA in the future :o) (maybe a strategy with a similar idea might be fit for an Asirikuy system one day)
Thank you very much again for the updates Chris :o) Keep up the good work !
Daniel
Hi Daniel-
ReplyDeleteThanks for reading and commenting.
I took a look at a few of the Atinalla #4 SM instances on Asirikuy, and they seem to be doing somewhat better than I am. I spend some time trying to figure out why, but came up short of any conclusions. I'm reluctant to put any additional money at risk until I figure out why. Also, i'm conditioned from stock trading not to add to losing positions.
If it keeps losing, I might remove the God's Gift and Sapaq pairs and let the other ones ride since I know them and they are performing well.
Good to hear you are interested in FX-Regression. Its a very powerful concept and I have a feeling there are many more interesting ways to exploit this phenomenon. I'll send you the EA and the details and maybe you can make something more of it.
Thanks to for all your great work, we appreciate it!
Chris
In the fast paced world of investment you may have come across which is known as Forex trading. Thanks a lot...
ReplyDeleteFx Trade