Meta-Trader - Welcome Atinalla #1

Welcome back forex people.

Today we welcome the Atinalla #1 portfolio of EA's to the list of systems i'm tracking.

This isn't just an EA, its a collection of 3 EA's, all trading EUR/USD on an H1 timeframe, assembled and tested as a group to produce the 10-year back tests you see on the left. Those results show an average annual profit of 65% with an average drawdown of about 13%.

With this release, author Daniel Fernandez over at Asirikuy continues to raise the bar for the Expert Advisor community. The experts have been modified with the "Internal Balance" concept which means that they expand or contract the lot size based on the amount of profit or loss resulting from that particular expert. That means you can trade multiple EA's against a single account without affecting the number of lots traded.

This arrangement has a number of benefits including more efficient use of capital as well as diversification of the portfolio. The diversification effect would seem to minimize the changes of a catastrophic loss. The net result is that the portfolio performs better than any individual expert on Daniel's site.

You still need to control the overall level of risk the portfolio will take on. The recommended values keep the total exposure at about 6% of account equity open at any one time. That's slightly on the low side as I run the rest of my systems at about 10% risk. Daniel runs many of his systems at 1% account risk per position which is a bit low for my taste.

Two other items to mention. Running this setup with certain brokers require the "Sunday Candle" modifications. DF discusses the fact that some brokers show a daily candle for Sunday's trading. This candle affects the value of the 14-day Average True Range which is central to many of the calculations in Daniel's EA including lot size, Take Profit, Stop Loss, and Trailing stop. DF provides a method of dealing with this that filters out the Sunday Candle and results a a full and true ATR value.

Lastly, DF recommends annual re-balancing of the portfolio which is essential to getting the full diversification affect. The results shown above were performed with an annual re-balancing that restarts each system with the profits and losses of the other 2 EA's.

Overall, the Atinalla #1 portfolio is really an amazing step forward and I thank DF for all his efforts on our behalf. It looks like Atinalla #1 is going to have a spot in my EA roster going forward.

Also, the Watukushay #5 EA looks very promising and its just a matter of time before we are running a "Super Portfolio" of those systems as well against against multiple pairs. The fact that you get all this for $5 a month boggles my mind and continues to be the best bargain in the forex industry.

Finally, I started running the Atinalla #1 robots last weekend with results found here. Last week it picked about about 8 pips and it has about 22 pips open profit in a trade as of this writing.

Thats all for now. Once again - great job Daniel - keep the good work buddy!