Welcome back Forex fans. Here's an update on this week's action with the forex robot's i'm following.It was an active week for the God's Gift robots. On Monday GG GBP/USD picked up 23 pips on a buy trade pushing it to a new equity high for the year. On Thursday, it lost 70 pips on another GBP/USD long-side trade. On Friday, it collected 45 pips on a GBP/USD sell trade. Overall it was a wash and the robot lost -0.2% for the week.
God's Gift EUR/USD pulled out a winning trade and picked up 7.5% for the week but remains down -2.9% for the year. Daniel Fernandez also pointed out in a comment on my previous post that a similar robot is available for free here so i'll be doing some back-testing of that system as well.
On the Megadroid side, the demo account had another good week and picked up 16 pips. So far it is exceeding my 1% per week goal and is up +16.2% for the year. But the live account continues to dissapoint and picked up exactly one pip (90 cents) for the week. What bothers me is that the Megadroid demo was in the same trade but pulled out 6 pips!
So i'm clearly dealing with a case where the robot is good, but is somehow being messed with by the broker. As i've pointed out before, the live account is with Forex.com, and the demo account is with FXDD. So attempting to compare the data feeds is pointless since they are from different brokers.
In a post last week, I setup a pair of EA's called Trade Copier in an attempt to copy trades from the FXDD demo account to a new Forex.com demo account. That effort was unsuccessful and the demo didn't take any trades. I dug into it and did find the signal processor was writing files to the target MetaTrader root folder, but didn't find any evidence of the trades being picked up by the signal processor. To remove any possibility of symbol mismatch, I switched the signal processor to an FXDD account, so now both the signal processor and signal provider are FXDD. Perhaps that will clear up the issue, we'll find out next week.
That's all for now, enjoy your weekend.
Hello Chris,
ReplyDeleteThank you for posting your results :o) I would advice you to change your result processing to www.myfxbook.com, they offer a lot more analysis plus widgets you could easily place on your website (which would update live). They also offer investor access verification and other really cool stuff :o).
I am also glad you are going to run Watukushay FE backtests. I hope you also start testing this EA so that you can experiment its trading tactics and its long term performance.
Keep it up Chris, your website is slowly getting into the websites I check every week on automated trading :o)
Best Regards,
Daniel Fernandez
Daniel-
ReplyDeleteThanks for the tip on MyFxBook, i'll check it out.
I'm trying to backtest Watukushay, and I'm getting:
"OrderSend error 4051"
"invalid lots amount for OrderSend function"
I get this error with a $1000 account, but it trades succesfully with a $10,000 account. I tried lowering the risk to 0.05 (from 1.0) and that didn't help.
Can you advise what I need to do to test it with a $1000 account?
I also left this question on your blog as well so you can cut and paste your reply.
Thanks,
Chris
Hello Chris,
ReplyDeleteThe backtester has an inherent limitation on some versions of mt4 which only allows trading in 0.1 increments. Therefore backtests should be done on at least 100K to avoid lot size calculation errors.
You can test 10,000 USD with higher risk settings (higher than 3) but the use of 1000 USD accounts is not possible due to this increment limitation. If your mt4 version allows backtesting in 0.01 increments then you might want to switch the backtesting variable to false and give it a try. In live/demo trading which allow 0.01 lot increments trading can be done from 1000 USD.
However there is no need to run the same amount of money in backtesting which will be used in live testing. Run backtests from 10,000 USD or 100,000 USD and extrapolate the percentages to get the proyected profits/loses.
Thanks again for your interest in Watukushay FE :o)
Best Regards,
Daniel Fernanez
I forgot to say that you can also trade from 100 USD if your broker has a 10,000 USD per lot contract size and 0.01 lot increments.
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