Welcome back for a visit to the land of automated forex trading robots.Megadroid Live came back with a vengenance and picked up 3% on the week in 2 trades on Wednesday. After last week's loss, the droid is now in "Recovery Mode" and trading 2x the normal lot size until it gets back to a new equity high. This makes it more vulnerable to further drawdown until it gets back to a new equity high which is up about another percent and a half or so. As of today MD live is up 6.9% year to date.
Strangely enough Megadroid demo only traded once this week, and it wasn't on Wednesday. Instead it traded on Thursday and took its standard 10-pip take profit. This was a rare case when Megadroid live outperformed Megadroid demo. Its hard explain why the data feeds between brokers could be so different as to trade one day and not the other - and vice versa. Not hard to explain the realm of computer science, but curious to see in the real world. Anyway MD Demo continues to lead the pack up 17.25% year to date.
God's Gift EUR/USD dropped 61 pips drawing down from a recent equity high and remains up 7.3% for year.
God's Gift GBP/USD picked up 24 pips and is now off its back and back into ring and is up 3.1% for the year.
Overall its good to see all the systems positive for the year which will help build up some equity cushion to cover the inevitiable drawdown to come.
I have some cool material lined up for a post on indicators in Meta-Trader, so check back later for that.
That is interesting, thanks for posting. So it is doing twice the lots now eh... If another failure occurred would it 4x the lots? I can see why some would be concerned with such a strategy, but I suppose Megadroid has a high accuracy... Still though...
ReplyDeleteI suppose my curiosity has been in main focus of this particular situation with Megadroid. If it fails again, does it back off the double lots, does it go 4x, etc.?
Thanks for your update.
JT
JT-
ReplyDeleteIt only increases the lot size once, so it would stay on 0.16 (normal is 0.08) until it gets back to an equity high, then drops back down to 0.08. That's why I call it "Martingale lite" since it only doubles up once and not repeatedly like a full martingale.
This strategy definitely increases the returns longer term since the system has a relatively high win rate.
Thanks for the comment,
Chris
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