Friday, April 29, 2011

Meta-Trader - Bernanke Speaks

Welcome back Meta-Traders.

It was a historic week with everything from deadly and destructive storms in the southern US to a royal wedding.

The highlight for me was the first-ever press-conference held by US Fed Chairman Ben Bernanke. By all measures it was a resounding success and its was great to get insight into the mind of the most powerful man in global markets. Even better, he gave complete and careful attention to every question and came off as the honest, hardworking guy that I believe he is. Good job Mr Bernanke, and hopefully the Fed-bashers will now give the Fed a break.

Global Markets were basically in lock-down until the Fed call, but moved narrowly higher in advance. Once the call was over, and with the idea the rate increases or further tightening were at least "a few meetings" off, the prevailing trends continued. The S&P-500 advanced 2% for the week to nearly a 3-year high. Oil, Gold, Silver and major commodities continued their upward advance to multi-year highs. EUR/USD followed suit and pushed out to a nearly a 2 year high with the dollar tanking nearly across the board.

You can almost feel the balloon-action in the economy here. Fed injecting capital into the system, taking up financial assets in a desperate effort to get the real economy moving again. But the housing market remains depressed and you can't have a full recovery without housing and real estate.

My equity portfolio was nearly flat on the week as I scaled out of positions in AAPL, NFLX, VMW, OPEN and LULU with decent short-terms gains. I went into the weekend with nearly 31% in cash and feeling a under-invested. But overall, its been a great run off the lows of 2008 and psychologically, I felt better taking the profits. From a trend-following perspective, these were probably not smart moves, but time will tell. Nothing has been able to stop this market, not earthquake, nor Tsunami, nor smoldering nuclear plant.

On the Forex side the screaming winner on the week was COATL EUR Centered Portfolio. This thing picked up about 18% on the week and is now up a stunning 48% since I started this demo back on February 27, 2011! Taking a look over at Asirikuy, there is one other live account running this system which started at about the same time. Unfortunately, my demo performance is not duplicated and the other account is up only about 1.2% over the same period. As this point, I can't tell if my account is wrong and i'm just lucky, or the other guys implementation is wrong. I suppose it could be broker dependency as well, but I hate to think a broker could make all that much difference. I think its going to take a review of Coatl, followed by a review of the settings and some back-testing before I get to the bottom of this one.

I have to admit I have picked up the pace on Asirikuy system reviews lately because I want to get to Coatl. Perhaps I can get to it later today and have a review posted tomorrow, so check back on Sunday for that.

As for live accounts, let's do the numbers.

Atinalla #1 dropped about 1% for the week. This account is slowly drawing down from an equity high at +31% hit back on February 23rd.

Atipaq Full Portfolio dropped about 2% in similar fashion, but went out with about 2.9% in unrealized gains.

Megadroid Live had its first loss of the year and dropped nearly 9% on the week.

FX-Regression had a rough week as well, moving out to a new equity low, then recovering somewhat. This system is a case study in what works and doesn't work in a trading system. I'm starting to realize that perhaps DF is correct in that system that win less often, but with larger Take Profits come out on top versus this system which does the exact opposite. But 4 months is too short a period for real conclusions, so let's give it a full year.

Atinalla FE also gave back about 5.5% on the week and ended up down -3% even on the year.

Atinalla #3 showed some signs of life and picked up about 2 and change percent on the week.

Atinalla #4 SM edged up a fraction of a percent on the week. It's interesting to note that the God's Gift instances, kicked out of this portfolio earlier in the year showed some signs of life this past week. The GBP/USD instance took a big winner, while the EUR/USD instance took a series of small profits. Lets keep and eye on these for possible re-inclusion in the portfolio.

Check back later for a review of Coatl, Asirikuy's first genetically-based multi-strategy expert with portfolio-based deployment. Sounds cool and it is. Enjoy your Saturday.

Sunday, April 24, 2011

Meta-Trader - Sapaq Review

Welcome back Meta-Traders.

In this review we tackle Watukushay #7 also known as Sapaq. Sapaq is a word in Quechua (language of the people of the central Andes of South America) that means different. Sapaq is different from the other systems on Asirikuy in that it benefits from counter-trend price movements. Sapaq is a bit of a milestone in Asirkiuy in that its Daniel’s 10th system released in the year 2010.

In some ways, Sapaq is the Daniel’s answer to the Asian scalper’s phenomenon. Many systems including my old favorite Megadroid, and my current experiment FX-Regression trade during the Asian session simply because the price action typically retraces at least some portion of the prior European session. So a price spike in either direction can be faded with a better than even chance that the move will retrace and end up right back where it started.

Daniel tackles the issue in his own unique and unexpected fashion as follows. Sapaq is based on the observation that a trending day in the European session followed by a narrow range in the Asian session, which closes in the same direction, leads to a reversal in the following European session contrary to the direction of the prior 2 sessions. It sounds more complicated than it is, so take a look at the screen shot from Daniel’s video for a picture.

Another way to look at it is that the Forex market doesn’t do the same thing three sessions in a row. If session #1 was up and session #2 was up, session #3 is more likely to be down than up.

Since the action of the Asian session is a key part of the logic, the system works only on pairs which are not active during the Asian session. The system is therefore traded on EUR/USD, GBP/USD, USD/CHF and USD/CAD and doesn’t work on any of the pairs traded actively in the Asia session such as AUD NZD or JPY.

Trades are considered once per day at the pre-defined “Market Analysis Hour” which appears to be 7AM EST.

Once in a trade, the system uses a Take Profit and Stop Loss which is a fixed percentage of the ATR. Only one trade is allowed at a time. There is code in the system for a time-based exit of the position, but it is disabled in the recommended preset files.

I have to admit, when I first heard the logic, I was a bit skeptical that this system would amount to anything worth trading with real money. And in some ways the back test results confirm that for EUR/USD in that the system closes trades at a profit only about 30% of the time. As for the other pairs, the system is profitable 50% of the time on GBP/USD, 65% of the time on USD/CHF and nearly 70% of the time on USD/CAD using the recommended settings.

The Take Profits and Stop Losses are adjusted for each pair such that the size of a winning trade exceeds the size of the losing trade enough to make it a profitable proposition. For EUR/USD and GBP/USD, the size of a winning trade is just over 3 times the size of a losing trade. For the other pairs, it’s closer to 1 to 1 but still favoring larger winners than losers.

What about performance?

On a back-test with 1% risk, the drawdown exceeds the profit in all cases. In the case of USD/CAD and USD/CHF, the maximum drawdown is 3 times the average annual return. So this is clearly not one of Daniel’s best systems on a stand-alone basis.

Where this system shines is a portfolio basis. When I fire up the Asirikuy Profit and Loss Drawdown Analyzer (which is worth a review unto itself) and run the Sapaq portfolio from 2000 through 2010 with the recommended risk settings, the following numbers emerge:

  • 100K grows to 640K over a 10-year period which is nearly an 18.5% annual return
  • Maximum drawdown is close to 10%
  • Overall reward to risk ratio goes to 1.67 indicating the system makes $1.67 for every dollar risked
  • Overall winners to losers ratio goes to 0.75 indicating the system still loses more often that it wins, but it’s much closer to even that the individual back-tests suggest
  • The system has long periods of drawdown, as long as a year without reaching a new equity high
This last item drives home the point that this system is difficult to trade psychologically. But that is common to most of Daniel’s systems in that they often have long periods of drawdown.

I’ve been trading Sapaq live for the past few months on EUR/USD and GBP/USD as part of my Atinalla #4 SM accounts. I started a new demo account about 2 weeks back with the (insert results) here.

Overall, Sapaq is not among the best of systems on Asirikuy, but it does add a much needed diversification of techniques aware from strictly trend following. Daniel showed in is “Atinalla #4 with Sapaq modifications” video, that adding Sapaq to a portfolio of other systems on Asirikuy greatly improve the performance while minimizing drawdown. In fact numbers were quite stunning in some cases tripling the Compound Annual Growth Rate to Maximum Drawdown ratio.

I’m going to monitor the Sapaq stand-alone portfolio through the remainder of 2011 and perhaps add a live account starting early in 2012.

Thanks for reading and have a great week.

Friday, April 22, 2011

Meta-Trader - Equity breakout!

Welcome back Meta-Traders. All the best to you and your family on this holiday weekend.

It was spectacular week in equities and particularly technology stocks. My equity portfolio rose about 3.3% for the week and pushed out to a new 3-year high.

A big winner was Apple Computer. I've been a Microsoft guy my whole life, but I recently purchased an iPad for myself and an iPod touch for my daughter for her birthday. Based on that, I went long into earnings this past week and caught a nice bump when earnings were announced on Wednesday. Earnings Per Share were up 95% from the same period last year. Nothing lasts forever, but AAPL has clearly become an economy unto itself with market cap at 400B second only to energy giant Exxon-Mobil. Analysts see easily another 100 points of upside in the shares in the next year which is about 30% upside from these levels.

Adding on is the fact that AAPL has a relatively small market share of the smart phone and personal computer markets. Despite fierce competition from all sides, Apple's products are in hot demand in the US and every other market where they do business.

Also on the technology front, we also had breakouts to new all-time highs in WM-ware, IBM and movie streamer Netflix. Outside of technology, we had new all-time high breakouts in OPEN, and Yoga-pants maker Lulu-Lemon (LULU). Yoga pants? That's right, who would have thunk it?

On the Forex side, it was a ho-hum week with no breakouts to new equity highs in my live accounts. EUR/USD had a a zig-zag week diving down to 1.4185 on Monday fueled by the threat of a downgrade in US government issued debt. After that, EUR came back to end the week at a new high for the year. Asirikuy systems did not do particularly well in this environment, but didn't lose much either. It was one of those weeks when the human currency traders probably did better than the robots.

One exception was COATL EUR Centered Portfolio which moved out to a new equity high and has another 900 pips in open, unrealized gains. Taking a look at Asirikuy, nearly every one of the COATL accounts are up nicely. I can easily imagine putting another 10K to work on a set of Coatl portfolios. More to come on that front.

On the Forex development side, next up is a review of Sapaq, Asirikuy's first counter-trend system.

Have a great Saturday and check back on Sunday.

Sunday, April 17, 2011

Meta-Trader - Atinalla FE Review

Welcome back Meta-Traders.

In this post we will review Atinalla FE.

Atinalla is a word in in Nahuatl - the language of the Aztecs in Mexico – which means possible. FE means “For Everyone” since this system has the distinction of being 1 of 2 of Daniel’s systems which are free of charge. You can find the original post and directions for downloading it here.

The other one of Daniel’s systems which is free is Watukushay FE which I reviewed here

So what exactly is Atinalla FE and what is it's logic?

Atinalla FE is a single expert advisor which trades 3 separate systems all against the EUR/USD on the one hour charts. The first of the 3 systems is Watukushay FE, so let’s start with an understanding of that system.

Watukushay FE takes its trading signals from the Wilder’s RSI indicator. RSI is simply the ratio of up movement to down movement over some period of time and is described here

Watukushay FE uses a 20-bar RSI plotted on the hourly chart. Once RSI reaches an extreme value (say 72) the system determines that an uptrend is in place and then waits for the RSI to fall below that same level to enter a long position. This allows new positions to be entered on a pullback in an uptrend. Once a position is in place, the Take Profit and Stop Loss values are set to a fixed percentage of the 14-day Average True Range.

There’s an additional bit of logic to close positions that goes as follows. Once a long position is in place, the RSI might fall below the entry level, say down to 50. Once the RSI then rises again to a level just under the original entry value, the position is exited. The logic here is that an uptrend is in place, and a pullback has occurred, and this up move in RSI is a resumption of the uptrend that allows the position to be closed at a profit.

An unscientific look at the back-test results, show that about 1/3 of the time, positions are closed using this alternate logic, and most of the time it is for a profit smaller than the original take profit value. Only occasionally does this alternate logic result in a loss.

The second of the 3 systems is based on the Commodity Channel Index (CCI) developed by Donald Lambert in the early 1980’s described here

The CCI is calculated as the difference between the typical price and its moving average, divided by the mean absolute deviation. CCI indicator values typically range between -100 and +100, but occasionally spikes to extreme values above +300 and below -300. It is these spikes that Atinalla FE uses to enter in the direction of the spike. In other words, on a spike above +300, the system will enter long. Once in a trade, the system will exit on a Take Profit and Stop Loss which are a fixed percentage of the 14-bar Average True Range. There is no other closing logic that I am aware of.

The last of the 3 systems is based on Bollinger Bands, developed by John Bollinger and described here. Bollinger Bands are calculated as an upper and lower band which are placed 2 standard deviations above and below a simple moving average of price. For long trades, the system will enter on a move of price above the upper band plus a fixed percentage of the 14-bar average true range. Short trades are entered on similar logic in the other direction.

Once a trade is placed, take profit and stop loss are a fixed percentage of the ATR, and similar to the CCI system, there is no additional closing logic.

What about performance?

Over a 10-year period, an initial investment of $1000 grew to just over $3026 which is about a 10.6% annual rate of return. The maximum drawdown over the test period was 8.44% which is not bad. Overall, the system does not compare favorably to some of Daniel’s other systems including Watukushay No2 and Teyacanani. Perhaps a more valid comparison would be between Atinalla FE and some of the other portfolios such as Atinalla #3 and Atipaq Full Portfolio. A worthy exercise to be sure, but out of scope for this article.

I uploaded the 10-year backtest results for the system to my yahoo group at

I started trading Atinalla FE live back in January of 2011 and the results can be found here. These results seem consistent with the live results found in Asirikuy over the same period.

One definitely cool thing about this system is the User Interface. The above screen shot shows the UI which reveals the inner workings of all 3 sub-systems in different colors. Using the UI, it’s easy to see what each system is doing, in terms of triggers, stop loss and take profits as well as Profit and Loss thus far for each sub-system.

One thing I didn’t consider when I started trading this system live is that it’s not NFA compliant. Specifically FIFO rules require that once a position is entered, any further positions on the same pair in the same direction must be closed before the original position can be closed. This would clearly cause an issue if one of the systems enters and attempts to exit, but cannot because another system has come along and placed a trade. I’m currently trading this system live in a account (which requires NFA compliance). Another option would be to trade it in an FXDD account which has a back-office solution which makes NFA compliance a non-issue.

Hopefully, after the next presidential election, Dodd-Frank can be re-worked to get rid of these ridiculous NFA restrictions.

Overall, Atinalla FE is a solid contribution to the world of Automated Forex Trading. If you are not already a subscriber to, give it a try – the price is right!

Next up in our review series in Sapaq. Have a great week.

Friday, April 15, 2011

Meta-Trader - Freedom Tower Rising

Welcome back Meta-Traders.

For the first time in a few months, I made into downtown Manhattan. It was great to see the steel structure of the new Freedom Tower rising from the ashes of the World Trade Center site.

As for financial markets, it was pretty much an inside week with price action well off the recent highs and lows. EUR/USD was a good example, flirting with recent highs for a few days in the week, but mostly throwing back the gains and in the just moving sideways.

Equities also moved sideways under the pressure of an option expiration week. As for forex, it was a quiet week with most systems moving up or down less than 1% with a few exceptions as follows.

The week's winner was Atinalla Full Portfolio which closed a series of USD/NZD trades and gained a healthy 5.38% for the week and is now up an impressive 34.53% for the year!

Other interesting action was in FX-Regression which started with week diving to a new equity low, then climbing all the way back just above even.

This past week my referring broker over at Trader's Choice FX started (for first time) to deposit the broker bonus directly into my account. Details are sketchy, but I believe that resulted in a deposit of $5.51 into my account running FX-Regression back on 4/11/2011. If that continues every month for a year, that could result in a 6.5% gain for the account over a year's time. That factor alone could tip the scales in favor of this account making money.

Back on April 5th, Daniel Fernandez ran a post on his blog Trade More or Trade Less in which he made the argument that given 2 systems which have the same statistical properties, he would rather choose the system which trades less, versus the system which trades more. The post got a record number of comments, most of which took the counter argument that systems which trade more are preferred over systems which trade less.

I would argue that systems that trade more are better because they produce a broker bonus which can turn a losing or break-even account into a winning account. I'm not advocating trading for broker bonus alone, but you can't argue with its effect on the bottom line. FX-Regression is a real-life experiment on this point. Check back next week, next month and next year to see how it turns out.

Other action of interest this week was in Coatl EUR Centered Portfolio which picked up a solid 3% on the week and is now up an impressive 29.28% since starting it back on February 27th. I will review this system and the other Coatl based portfolios in an upcoming post.

As for development items, I need to get back to my core mission of reviewing trading systems versus just reviewing results. Next up with be a review of Atinalla FE trading systems. Check back later for that and enjoy your Saturday.

Saturday, April 9, 2011

Meta-Trader - Best of Asirikuy

Welcome back Meta-Traders.

If you have followed my blog for any period of time, you know that I am a big fan of Daniel Fernandez and the work he has done over at

The challenge for users both inside (and mostly outside) of Asirikuy is that of transparency. Put another way, it’s hard for to see what’s possible using the systems inside Asirikuy because Daniel does not reveal the performance of the systems. Nor does he allow members to disclose the results of any of the systems in any way to non-members. The only reporting I’m permitted to do is on my own accounts, both live and demo.

So my solution is the following.

I will follow the systems on Asirikuy, and apply my trader/investor instincts to ferret out the best systems and put them in out of 2 categories: Live or Demo. Live traded systems are those which pass my criteria and are worthy of risking real money. Demo accounts are those worthy of further evaluation or former live systems that have fallen into disfavor. Both categories of accounts will be followed here with full transparency and the way down the Dollars, Euro, Yen, Pound and Swissie.

What do I ask of you? Just continue to read and come back to see the results. Like Daniel, I believe that some things are more important than money.

Have a great week.

Friday, April 8, 2011

Meta-Trader - Rocking in the Euro Zone

Welcome back Meta-Traders.

EUR/USD rocked the house this week and cleared the October 2010 peak breaking out to a new 2-year high. That's a big deal because every system traded on this blog has at least one EUR/USD pair and 2 of them are nothing but EU. EU is very trendy and if you look at the chart, there's very little sideways movement, it either goes up or it goes down.

Combine that price action with trend continuation logic underlying most of the systems followed here and it makes for the good results as we saw this week.

As for equities, we got out to a marginal new high in the major indexes, but on low volume. Equities continue to be the place to be with near-zero interest rates from the US Fed. As for equities trading, I started new positions in Yoga-pants retailer Lulu-Lemon (LULU) and on-line reservation play Open Table (OPEN) on breakouts above the 90 dollar level. I added to semiconductor play NXPI which made a new all-time high then sold off. We ended the week in poor form on a threat of a looming shutdown in the US government due to lack of agreement on the 2011 (that's right, this year's) budget.

On the forex side, it was a week to remember with gains nearly every live account, some of which were spectacular. Let's do the numbers.

The monster winner of the week was Atipaq Full Portfolio that gained nearly 6% for the week and is now up just over 29% year to date. Even more impressive is the fact that this system went out another 8% (752 pips) in unrealized gains!

Next up was Atinalla Full Portfolio that gained about a half percent on the week and went out with about $20 in open profits.

The old steady Megadroid Live picked up 1% on the week.

My own EA FX-Regression had a decent week and picked up about 1.3% for the week. Check out April 5 where FX-Regression pulled in 80 pips in not much time including a USF/CHF that picked off 20 pips in about 5 minutes!

Next was Atinalla FE which came back into profit, coming back from a -2.5% deficit last week and now showing up 0.65% on the year.

Next was Atinalla No 3 Live was the only loser dropping about 2% on the week and still in retreat after being up nearly 12% earlier in the year. This account continues to be caught up in the sloppy action of GBP/USD which doesn't seem to be participating the broad dollar sell off. This account went out with an open, unrealized profit and is still long EUR/USD.

My last live account is Atinalla No 4 SM Live picked up about 1.3% on the week and went out with about 170 pips in open profits, more EUR/USD longs.

Demo account COATL EUR Centered Portfolio gave back about 5% on the week, but still remains up a solid 26% on the year.

As for development items, I need to start paying attention to the results of the 70+ live accounts on Asirikuy and building a model for what is currently working and what is not. If I come up with right model, and spend a few minutes each weekend updating the model, I may be able plant myself in some real winning systems.

Once I have the model, i'll come up with an easy, visual tracking method that I can post weekly on the blog that allows the winning systems on Asirikuy to come easily into view without revealing too much. This type of activity is much less ambitious than I expected from myself, but given the limited amount of time I can spend on Forex, this shows the best chance of success.

As Yogi Berra said "You can tell a lot by just looking".

Check back Sunday for an update and have a great weekend.

Sunday, April 3, 2011

Meta-Trader - Fx-Regression Live vs Backtest Results

Welcome back Meta-Traders.

Here are the results of a back to live test consistency check on my own Expert Advisor called FX-Regression. Since the system back-tests fairly well, the goal is to determine if these back tests are somehow flawed and will not be reflected in actual trading.

For the period of January 12, 2011 (when I started trading live) through March 31, 2011, here are the results:

- Results of trades was plus $41.71 or about +4.7

- Total Net due to Interest roll was minus $3.19

- Net P&L was plus $38.52 or about +3.5%

The period does not include the trade opened on 3/31 and 4/1 which resulted in a loss and put the account back into the negative. Attempts to reconcile the actual and live trades ran into these challenges:

- Back tests run on showed a high number of chart mismatch errors, so the results had to be discarded

- Back tests were derived from Alpari US instead

- We had a clock change due to daylight savings. For live trading, I changed the start time for the trade to keep the start time consistent with US Eastern time, caused a shift in start time on the server that was not properly reflected in the back test.

Overall, the back tests showed the account down $60 or minus 6% for the test period. A detailed comparison of the trades for each symbol showed the following:

- EUR/USD took 40 live trades an about 30 of them were consistent the back test

- USD/CHF took 29 live trades and only 12 were consistent with the back test

- USD/CAD took 24 live trades and only 9 were constent with the back test

For cases where the live trading and back test didn't check out, we saw nearly every possible situation:

- Profits in live trading that showed as losses in the back test

- Profits in live trading that were missing altogether from the back test

- Losses in live trading showing as profits in the back test

- Losses in live trading that were missing altogether from the back test

Conclusions are difficult to come by with such a jumble of data. The fact that I got the closest results with EUR/USD show the spread-senstive nature of this trading system. Back tests used a fixed spread of 2 pips for EUR/USD, 3.5 for USD/CHF and 5.0 for USD/CAD set with the Asirikuy back test setting program. Differences between these values would cause the exact symptoms were are seeing:
- Back testing missing trades that executed in live trading

- Live trading taking profits that turn into losses in back-testing

But it doesn't necessarily account for cases where the back-testing was profitalble but live trading was not. These may be accounted for by differences between the simulated feed used for back testing, and the real-time feed used for trading

Overall conclusion is that back tests with this system bear at best a sketchy resemblance with live test results. Larger SP and TL values would reduce the size of the error cases not by eliminating the underlying problems - but by reducing the number of times they occur. Actual trading results - at least for the test period - were better that back test results. Whether this conclusion pans out for the rest of the year remains to be seen.

Have a great week all.

Saturday, April 2, 2011

Meta-Trader - Out like a Lion

Welcome back Meta-Traders.

The first quarter 2011 came to a close this week. On the weather front, the spring lamb still hasn't arrived and the winter lion still remains well in charge. With pool season a mere 6 weeks away, spring and summer better get a get a move on!

Global equity markets continued their gravity defying climb. With a healthy dose of end-of-month and end-of-quarter window dressing, many stocks recovered nicely from their March 16th lows and ralled back nicely. As is stands now, the S&P 500 is just about 1% off the highs set back on Feb 18th.

The fly in the ointment of the global economic recovery continues to be risking energy prices. Crude oil prices got out to a 30-month high and was up nearly 2.5% for the week and up 27% from a year ago. I'm holding a small amount of ETF USO as an energy price hedge but overall i'm underinvested in energy.

My week in currencies was less than spectacular. I reversed my short in USD/JPY and went long on Sunday evening. I took a small profit on the long rather than letting it run which was clearly a mistake since I could have picked up abou 250 pips had I just stuck with it. Also, I manually closed out some losing trades in Sunday gap trader DCT. So overall, I was not in good trading form with this account and as a result Megadroid Live lost about on half of 1% on the week.

As for the robots, the week's winner was Atipaq Full Portfolio which picked up about 2.5% on the week. Even better, it went out with about 318 pips in open profits on a trio of NZD/USD long trades!

Every other live acount was down so let's get through them quickly.

Atinalla No1 Live lost about 1% for the week but went out long EUR/USD with an open profit of about 75 pips.

FX-Regression sliced through its recent profits losing about 4% for the week and went out down -1.77% year to date. Now that the quarter is over, I need to do a live / back-test consistency check. Perhaps I can get that out tomorrow.

Atinalla FE was idle for the week.

Atinalla No3 lost about 1.8% on the week, but went into the weekend with 74 pips in open profits.

Atinalla No4 lost about 0.8% for the week and seems doomed to continue to lose money.

Demo account COATL EUR Centered Portfolio but went out with about -451 pips in open losses.

Finally a quick note to my friend JT since his blog no longer accepts comments. The Zulu platform encourages unsound trading tactics and all the newbie users are drawn to these signal providers like bees to honey. Eventually, the provider goes off the cliff and takes down all the newbie users and takes away their money. I should know since I was once one of them.

That's it for now. Enjoy your weekend and get some rest.