Welcome back Meta-Traders.It was a long and rocky week on the world stage. Events in Greece were in focus as the prime minister first survived a no-confidence vote then the debate continued on austerity measures. Although the crisis is far from over, the Greeks seemed to make some progress toward political stability that would allow an orderly restructuring of their debt which is now below junk status.
Troubles in Greece trashed EUR/USD, and it violently broke the upward channel that was in place since 6/16/2011 and retraced back into the air pocket below. This is not the type of action that favors many systems on Asirkuy which instead favor a breakout in one direction followed by trend continuation.
As a result of these less than favorable conditions, nearly every Forex Robot account lost between 1% and 3% on the week, giving back some recent gains. The only winner on the week from Asirkuy was Forex4You Challenge which benefited from counter-trend system Sapaq, which performed well this past week.
As for equities, I added some DIA (Dow Jones 30 ETF) and also caught a nice bottom in NFLX picking up some off the low at around $244 and caught a about a 12+ point rally off the bottom which eased some of the pain caused last week. Also AMZN had a pretty good reaction off the lows and I remain long both NFLX and AMZN. Back to Forex ..
Megadroid Live took a 7% loss on the week. Earlier in the week it had a flurry of profitable trades where it took 4 winners in a 6-minute period. That's pretty unusual and just goes to show the whippy conditions we saw this past week.
FX-Regression had a stellar week and gained about 8% on the week and put the account out to a new equity high for the year. While this system has an unfavorable risk-to-reward ratio, it compensates with a very high win percentage which is close to 75%. Also it trades almost every day which generates broker rebates. Note the deposit into the account on 6/23/2011, this represents pip rebates for the prior months trading. So this will help to tilt the scale in favor of making money.
FX-Regression continues to be totally free to readers of the blog, just join my Yahoo group at http://finance.groups.yahoo.com/group/fx-mon/
On the development side, I have an interesting story to tell about my experiences with Meta-Trader hosting. Check back on Sunday for that and enjoy your (hard-earned) weekend.
Hi Chris,
ReplyDeleteThanks a lot for the update :o) I just wanted to mention a few things :
- Your Atinalla No.3 account doesn't correlate very well with those at Asirikuy (although it was a quite broker dependent week). Please make sure you're using the appropriate settings (specifically the Atipaq NFA-compliant backtest settings for the U/C, U/J and G/U (the NFA compliant settings are VERY different from the regular ones reason why it is VERY important to use them on this portfolios) ).
- Another thing I would suggest is for you to move to your own domain fx-mon.com is available and you could improve your website a lot :o)
- You should also consider using myfxbook widgets instead of your current manually updated links so that users can get a more up-to-date perspective without you needing to make the effort to manually change the values.
- Also consider verifying your myfxbook accounts. If you change your publishing method to the automatic one (which uses your investor read-only password) you won't even need to run any EA or publisher on your MT4 accounts.
Just some suggestions :o) Keep up the great work on the blog!
Best Regards,
Daniel
Daniel-
ReplyDeleteThanks for the comments and sorry it took me so long to reply.
You are right about my Atinalla #3 account. It has been under-performing and I'm probably going to stop trading it since I can't reconcile why its not trading as well as other instances included in other portfolios.
Thanks for the other suggestions about the blog. I'm going to keep it simple for the time being and focus on trading and portfolio construction and maintenance.
Finally, I can't figure out why this post continues to be one of the most read posts on my blog. It must be referred to on a web page somewhere. If whoever keeps reading this post can leave a comment as to where you are coming from, let me know, I would appreciate it.
And thanks for reading,
Chris