Meta-Trader - 2012 Week One

Welcome back Meta-Traders and Happy New Year!

The first week of the new year is typically explosive in the Forex markets and this year started off with a bang! The US Dollar bulls came out strong sending EUR/USD to 12-month lows. As for trading, we had excellent results and it felt good since it was a validation of my mission to deliver the best of Asirikuy to you, my loyal blog readers.

The week started badly on Monday when FX-Regression came out of the gate and landed flat on its face peeling off about 8% and also took down Megadroid Live which runs FX-Regression on USD/CHF and USD/CAD instances.

To put a positive spin on that, these accounts are now running on 5-digit pricing with price improvement from Forex.com. To see the effect, take a look at the account statement and note that trades that were previously closed at take-profits of 15 and 20 pips are now being closed a better rates that take into account slippage in my favor. It may not make much difference in the short term, but for frequently trading accounts such as these, it should make a big difference in the long run. In the Forex market, we'll take every edge available to improve results.

After Monday, it was all upside when the Atipaq (aka Watukushay #5) instance on USD/CHF had 3 consecutive daily winners which is a pretty rare. On top of that, I run this instance on 3 different accounts (Atipaq Full, Atinalla #3 and Atinalla Custom) so this trade was replicated across 3 accounts. That's about as good as it gets in automated forex trading and these 3 accounts gained 5% or better for the week. Particularly striking was Atinalla #3 which gained over 11% for the week and spiked out to a new 11-month high.

We need to keep these returns in perspective and we certainly don't expect this to happen every week. And we can always give it all back next week, its the nature of the business.

COATL H1, which went live late last year had a formative week in that it flushed out a bunch of postions taking about a 1.5% profit, then taking on a bunch of postions that went into drawdown.

I started Sunqu on Thursday and it went long EUR/USD and immediately went into drawdown. Too bad I didn't start it earlier in the week when it was short EUR/USD since it would have captured a good part of the downside move.

That's all for now, check back tomorrow for a review of the Amachay trading system.