Meta-Trader - Forex Robots to the rescue!

Welcome back Meta-Traders.

It was another week of rough sledding here in North America as Equities continued their sickening slide. It has become ever more clear that the economic recovery is now in serious jeopardy. Now the entire 50% rally in stocks off the lows set back in March of 2009 starts to look like a bear market rally to a lower high, in anticipation of good news that we never got.

As for the reasons, how about about rising energy prices, or the ever-increasing risk of default of the US Government in early August, or the 10 Billion a month we spend Afghanistan, or excessive government regulation, or the Europe debt crisis, or the massive earthquake in Japan, or the resulting nuclear crisis which has now exceeded Chernobyl in severity. And I forgot falling house prices and the real-estate market which is showing few signs of recovery and accounts for about 20% of the economy here in North America.

On top of all that, we're seeing a lot of extreme weather lately in North America lately which can be a hindrance to commerce to say the least.

Equities continued to sell off now completing their 6th consecutive down week. And on Thursday after 6 straight down days, it looked like we had finally found a bottom. But that was short lived and stocks once again sliced lower on Friday. I was proud of myself for hanging in and not selling any stocks up to that point. But on Friday, I couldn't take the pain any further and cut losing positions in AAPL, HMSY, NXPI. The only bright spot in equities was Questor Pharmaceuticals (QCOR) which rallied to a new all-time closing high on Friday.

Two other events this week really stood out. One was the OPEC meeting which ended in disarray and with no increase in output - something lead member Saudia Arabia wanted badly. The other was a "rant" in the form of a question to the US Fed Chairman Ben Bernanke by JP Morgan CEO James Dimon which brought a standing ovation on trading floors across Wall Street and brought into focus the ridiculous amount of regulation and increasing capital requirements - the banks have to endure to make money. On top of all that, it looks like the banks are losing the battle over credit card swipe fees losing billions in revenue and giving the merchants a big break.

So with all that bad news, what's to be happy about? Forex robots of course! We had a stellar week with robots with gains across the board. What was impressive is that the winning systems held on to their wins, and the losing systems recovered their losses. Let's do the numbers.

Atinalla #1 lost a small fraction on the week.

Atipaq Full Portfolio gained a small fraction on the week, but went into the weekend with open positions in 5 of the 6 pairs traded in the account. This was about 0.31 of a full size lot or about $30,000 in currency value. Not bad for a $3000 account!

Megadroid Live got out to a new equity high this week.

FX-Regression had a rare and stellar week winning on every trade. This robot has a 75% winning rate, check it out. And I have some very interesting ways in mind to milk more from the market with this powerful but incredibly simple system. Check back later for that.

Atinalla FE Live picked up about 2.5% on the week, recovering from some recent drawdown.

Atinalla #3 had a sharp recovery and picked up about 1.5% on the week.

Atinalla #4 picked up nearly 2% for the week also on the theme of recovery in under performing accounts.

COATL Euro Centered Portfolio gained about 8% on the week and is up a stellar 51.68% since starting the demo back in February of 2011.

This week, I've decided to officially welcome Forex4You Challenge Account which is running the Atinalla #4 portfolio from Asirikuy to my list of publicly followed accounts. After a rocky start, this account is finally starting to perform to expectations. I say bring it on!

A wet and swampy Saturday means more time for Forex Robots development.

However you spend your day, make it a great one.