Meta-Trader - Steady Gains

Welcome back Meta-Traders.

It was another quiet week in Forex with most traders off to the beach. Here's what I have for you in terms of robots performance this past week.

System Q was once again the winner on the week picking up nearly 6%. Its recovering nicely from its worst drawdown of almost -28% a few weeks back and is now down only about -17%. If it keeps recovering at this rate, we should be back in the positive to mid to late September.

Recall from my post here that a 7-year back test of this system shows an average annual profit of +181% with an average drawdown of -21%. If this system is truly capable of these types of gains, it should quickly climb out of this drawdown. Will it perform true to the back tests? Stay tuned and we'll find out.

Next up was Atinalla #1 which picked up about 3.5% on the week and is now down about -5.3% on since starting it in late July. This EA is a combination of 3 separate systems which are all basically trend followers. These systems do best in a trending environment and so far August has been somewhat choppy.

Next up were my 2 favorite scalpers Megadroid Live and Scalper X which were true to form and picked up about 1% each on the week. Megadroid live is now up about 23% and Scalper X up just under 20% and both systems are at new equity highs.

I have no illusions about the risks of trading these systems and either one can drawdown (at the worst case) about -15% in a single day - even on the same day. In fact that nearly happened this past week when both systems drew down about -10% on an intra-trade basis. They slowly climbed their way back to exit at a 1-pip profit, but I had to go sleep and wake up to find that out. So it seems like these systems they are risking more and making less. Megadroid hasn't taken its full 10-pip profit on a single trade since July 6th. On the plus side, Forex.com has stopped widening the spreads and seems willing to let Megadroid actually trade.

In either case, I think they are the antithesis of trend followers and therefore add good overall portfolio diversification.

Both the God's Gift accounts and Megadroid Demo didn't trade last week. As you can see from clicking the links, the demo accounts expired and I lost my trading history. But i've renewed the accounts based on the last balance and perhaps we'll see some action next week.

2 other items regarding Asirikuy. After being a member for nearly 10 weeks, i've finally found the weekly video newletter which goes through weekly results of the over 40+ live accounts Daniel Fernandez is following that trade his systems. This is the "Forex Robots Horserace" that is sort of what I do on this blog, plus some commentary on market conditions, system characteristics and broker dependencies. Overall, its focus is more on robot's performance which is what I have been looking for beyond the other material on the site which is focused mostly on education.

The other Asirikuy related item is the whole area of loading back-testing statements into Excel and SQL and performing drawdown and profitabiity analysis. I have some interesting ideas of what can be done using that type of analysis. Unfortunately, I having a lot of trouble installing the Microsoft SQL Server Express version. I'm sure i'll work that out eventually, but for now its an obstacle.

That's enough for today. Time to turn off the computer and go out and enjoy the summer-like weather which has returned to the Northeast USA. Enjoy your weekend.