Welcome back Forex Traders.I've been holding back on you regarding another robot i've been testing and trading live for the past few months. For various reasons, I don't want to identify it so i'll just call it Scalper X. This robot trades EUR/CHF in a manner similar to the Megadroid.
In terms of the name, remember the Speed Racer cartoon? There was a character called Racer X who was rumored to be Speed's long, lost brother. He was a better racer than Speed, but had a falling out with the Racer family due to wrecking the first Mach-5 on the final lap of a big race while crusing toward victory. Check out Racer X for the details. Gotta love Wikipedia for being the authority on stuff like this.
Anyway, I have been trading Scalper X in a live Forex.com account since 4/19/2010 and its up over 10% in about 53 trades. The performance is actually a little better than the statement shows, since the account was down about 2% when I started trading it.
Scalper X has a lot of properties that I like. It trades almost 4 days a week on a live Forex.com account. This past week, for example it made over 3% in a single evening on Monday. Most of the time it doesn't reach the profit target and instead exits with a small profit or at breakeven.
When it does take a loss, it seems to do so at a lower level than Megadroid which (if its going to loose at all) loses at least 40 pips. Due to its scalping nature, it is very spread sensitive and therefore will perform different on various brokers. I have a Scalper X multi-broker challenge going as well and may reveal the results at a later date.
In terms of 10-year back-test results, there were 2 loosing years in 2008 and 2007. Every other year had positive results including some years where it had off-the-charts postive results. Needless to say, these results are somewhat suspect.I did this backtest earlier this year before I started trading live. I tried to re-do these back tests again this morning to compare the live test results with a back test over the same period. Due to issues with the back-tester and high weekend spreads, I could not get an accurate back test going.
Due to the uncertain nature of the back test, i'm likely to suspend live trading on this robot if it takes the account into drawdown. For now, it's in the positive, so we'll see how it works out.
In terms of the other robots, God's Gift EUR/USD picked up 31 pips on the week and is now up 25.8% for the year. Its cousin God's Gift GBP/USD picked up 15 pips on the week and is up 24.4% for the year. These robots have been trading more like scalpers recently. Also, I believe this is the first time that EUR/USD has pulled ahead of GBP/USD so far this year.
I should point out that my God's Gift test results seem to differ from those found on live accounts over at Asirukuy. For example, the 2 live accounts trading GBP/USD lost -40 pips and -33 pips on the week, while my FXDD-based demo added 15 pips on the same trade made the same day at substantially the same entry price. Similar story with EUR/USD which lost -36 pips and -39 pips on trades made 6/24 while my FXDD demo made 31 pips!
I will do a detailed comparison of the settings and see if I spot any differences. But it goes to show you that demo results and live trading results are often substantially different as we know from watching Megadroid.
Speaking of Megadroid, Megadroid Live picked up 10 pips on the week and Megadroid Demo picked up 16 pips.
In terms of the Megadroid multi-broker challenge, they all gained substantially the same number of pips. FXCM's take was doubled due to the fact that's it's still on double lot size due to its drawdown from a loosing trade made the first week of the challenge. Clearly, IamFX is the winner of the bunch here and let's see if it continues.
That's enough for now. I am a bachelor today, so I might have a cool new post ready for you tomorrow AM. Enjoy your Saturday.
Hello Chris,
ReplyDeleteThank you very much for the detailed update :o) The results are so different between your demo and Asirikuy's live accounts because the settings are just very different. Just by comparing your backtests to those in Asirikuy you can see that this is the case. Changing settings can effectively have a dramatic effect in the profit/risk characteristics of the EA. For example, the accounts in Asirikuy do NOT use a TP while your accounts here do.
The God's Gift ATR is indeed back/live testing consistent (as you can see on the website) but significant dependency can be found between brokers due to small feed differences (depending on the settings). It would be great if you could email me your settings so that I can draw a direct comparison :o)
I also wanted to point out to you that EUR/CHF data before 2006 in metaquotes does not seem to be reliable, there are a lot of gaps, errors, etc. Comparing the feed with the EUR/CHF futures shows also that ranges (which are often similar in futures and fx) are extremely different before this date. This may indeed be the cause of the extremely large profitability in early years of your backtest for ScalperX.
Thank you very much again for the update Chris :o) I hope you are enjoying Asirikuy's material a lot !
Best Regards,
Daniel
Hello Again Chris,
ReplyDeleteAs I just said to you on an email, we are using different experts here. You are using version 7c of this EA while the ATR version is being used in Asirikuy. Of course, totally different systems, settings and results so actually no comparison - as you made in this post - is possible. Just thought I would mention this here so that your readers may now :o)
Best Regards,
Daniel
Daniel-
ReplyDeleteThanks for clearing that up. I'll backtest your modified God's Gift ATR and see how it compares with the original both YTD and long-term.
Also, I have 4 more Watukushay's and an Ayotl to back test, so that should keep me busy for a while!
On an unrelated note, it occured to me that Forex.com is probably making more on ScalperX than I am. 53 trades times a 3 pip-spread on both entry and exit is 318 pips versus the 100 pips that I made. That might explain why they are willing to let this system trades as is. If the performance keeps up, i'm fine with that arrangement.
Thanks again for your input and comments,
Chris
I thought you were using the ATR version for Gods Gift and not the 7c version?
ReplyDeleteSo which one is better ??? :)
Scalper X... I stumbled onto a free scalper online that uses the EUR/CHF... Not sure it is the same thing.
Anyway, thanks for you update. Always good to see where you are at.
JT
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