Welcome back automated forex traders.It was a week of drawdown for most of the robots i'm following.
Megadroid Live kicked off the week with a 35 pip loss which was seen nearly across the board on my Megadroid accounts. From there, it went into "Recovery Mode", doubling its lot size, and picked up 20 pips on Tuesday and 12 pips on Thursday. So by the end of the week, it recovered most of its losses and is only 2 pips off an equity high.
Megadroid Demo was the only one of my Megadroid's which avoided Monday's loss altogether. Instead it picked up 26 pips on the week and is now up a impressive 37.5% for the year.
Overall, my drawdowns with the Megadroid have been brief and shallow and at some point, i'm going to see a larger drawdown. One thing I've learned from Forex and equity trading is that there's always a larger drawdown ahead!
Scalper X had a solid week. I missed out on Monday's trading due an unhappy face on my Meta-Trader platform. On Tuesday, Scalper X had a 11 pip drawdown which it more than recovered on Wednesday and then closed the week with a pair of 1 pip-gains. Overall, ScalperX remains up an impressive 13.5% for the year and has been out-performing the Megadroid lately.
God's Gift GBP/USD gave back some recent gains with a 70 pip loss on Thursday which was offset somewhat by an 11-pip gain on the same day. God's Gift EUR/USD gave back 49 pips followed by a 4 pip recovery in almost identical fashion. In fact they took the same trades and gained and lost in the same proportion which really goes to show the high degree of correlation between these pairs.
I still owe you all a good accounting of the performance differences between the God's Gift ATR tuned according to recommendations versus the God's Gift 7C which I have been trading. Check back later for that.
The Megadroid Multi-Broker challenge was a bit of a bust this week and here's why. The leader up to to that point (IamFX) gave back -33 pips on the week. It took Monday's loss like the other Megadroid's but didn't trade the rest of the week due to high spreads:
16:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Safe spread limit exceeded: spread = 4516:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Using DayDirection filter16:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Safe spread limit exceeded: spread = 4516:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Using DayDirection filter16:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Safe spread limit exceeded: spread = 4816:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Using DayDirection filter16:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Safe spread limit exceeded: spread = 4816:59:44 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Using DayDirection filter17:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Safe spread limit exceeded: spread = 6217:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Using DayDirection filter17:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Safe spread limit exceeded: spread = 6217:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Using DayDirection filter17:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Safe spread limit exceeded: spread = 5617:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy1: Using DayDirection filter17:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Safe spread limit exceeded: spread = 5617:00:13 MegaDroid_v1.21 EURUSDiam,H1: Strategy2: Using DayDirection filter
This is a bit of a depressing development since IamFX looked to be the one broker that would be able to get the full potential out of the Megadroid. Even for a commission, they still can't handle honest execution of this robot. Its starting to look like Megadroid is over played, over traded and just plain tired. Time to look on some new directions.
So I have a few other things cooking, but nothing I can talk about now. I had hoped to spend some more time on EA development, but its not working out that way. So for now, i'm going to leave EA development to the professionals, and focus on EA Evaluation.
Enjoy your Saturday.
No comments:
Post a Comment