This was a short week of trading due to the computer being repaired Monday through to Wednesday. I did, however, trade the robot Wednesday and Thursday nights. One significant loss on Wednesday’s trading gave an overall loss for the evening. Thursday, however, was much better and so over the two days of trading I had an overall profit of £2458.22.
Weekly win = £3085.92
Weekly Loss = -627.7
The stats now look as follows:
Percent wins
78.69
Average Win
306.24
Percent loss
21.31
Average loss
380.34
Expectancy
159.92
ROI
0.0976
No of wins to date
48
No of losses to date
13
Hopefully next week I will be able to trade a full 4 nights.
Monday the robot didn’t trade as I had more computer problems.
Tuesday night was 4 trades having 3 wins = £968.46 and one loss of £625.26. This big loss is annoying because the robot could have taken profit earlier or else could of held out longer when it would have turned into a profit. Its almost as though it gets fed up and decides to pull out too early. Several of the trades would have done better had the robot sold instead of bought and visa versa. It appears as though the buy or sell comes in too early when a movement out of the range is detected. Then further movement in the same direction occurs meaning a long crawl back over several hours usually occurs before a profit is seen and taken. It appears if this crawl back to profit takes a period of 4 to 5 hours the robot closes the trade even if there is going to be a loss. I would just let it run in many cases as its clearly eventually going to turn into a profit.
Wednesday the robot seemed to recover and get more wins although I lost the connection and had one open trade which was heading for a big loss of several thousand. On reconnecting I had not realised the expert advisor tab was off and the Robot was not following this trade. When I finally did spot this I thought if I put the robot back on it would close out a huge loss. I checked the long term trend which was in my favour. I therefore waited well into the next day (6pm), trading it manually until I got a profit. During the process I pressed the wrong button and set off a new trade instead of closing the original one. Fortunately this made me a quick £390.00 in about two minutes that I was not expecting.
Thursday was a busy night the robot did 6 trades, all being profitable and it made £2500.22.
So the stats for the 3 days this week week are:
Weekly win
Weekly Loss
4871.1
-1011.04
Percent wins
78.85
Average Win
283.26
Percent loss
21.15
Average loss
392.43
Expectancy
140.32
ROI
0.0730
The actual trades can be seen by clicking on the summary below.
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After a long period where my computer has had connection problems I have finally gathered two weeks of data. I decided to move to a new broker, Alpari UK which others have been finding better. This broker runs to 5 decimal places and generally the spreads are lower than FXDD by about 1 pip. I have managed to get 8 nights of trading over the last two weeks and although I still need more data I thought I would publish what I have so far. I have only traded it from 9 pm GMT to 1 am GMT Monday to Thursday as is recommended.
I am demo trading now with the updated robot software version 47 build 224.
Settings are as follows for the scalper stratergies:
GBPCHF M15
Never trades as max spread is set to 5 pips and the broker spread is always higher at around 7 pips during the day and as high as 10 over night.
EURCHF M15
Max spread = 5
Use MM = True
Lots risk reducer = 10 except for night 8 when I increased it to 14
Take profit = 5
Stop loss = 45
One trade = 0
Open one trade = False
USDCAD M15
Max spread = 5
Use MM = True
Lots risk reducer = 5
Take profit = 10
Stop loss = 58
One trade = 0
Open one trade = False
EURGBP M15
Max spread = 5
Use MM = True
Lots risk reducer = 14 changed to 17 night 8
Take profit = 6
Stop loss = 35
One trade = 0
Open one trade = False
=======
Long term strategy EURUSD M1
I have traded this with out changing any settings at all just to see if it wins or looses over the long term. Because it’s a long term strategy I will have to wait some months to see how it does.
All other settings are as standard.
The results in real time are found by clicking on the box below.
My analysis of the data up to 19th June 2009
Percent wins
78.38
Average Win
232.5
Percent loss
21.62
Average loss
413.21
Expectancy
92.89
ROI
0.0344
% ROI for two weeks 3.44 %
The biggest problem, as can be seen from the trading data is that I have the odd big looser. With out these losses the results would be even better. To reduce the big losses one could get out manually if like me you watch the robot all night. When you do you have time to look back over earlier nights and there are indeed trends that occur at night which appear to be repeated.
I have not stepped into the rescue as I wanted to see how the robot does with no intervention as ultimately this is simply a numbers game and if the odds are in your favor in the long run you will make a profit. As the robot will adjust your exposure as a function of your capital in your account the compounding of the results leads to massive gains over the long run.
Lets see if this is true, I will feel much more confident if the results are still positive after around 150 to 200 trades are completed.
Following the last update I have had a few issues with the computer which has meant I did not get much trading time. I also had a problem with the version of MT4 from MBC Financial Services Ltd which kept crashing. I therefore decided to move to FXDD which allowed me to trade all 4 pairs using the FAP turbo Scalper strategy. I also set up the EuroUSD pair with the long term strategy. Deposit was $5000.00. Due to problems with the computer I only traded Thursday 28th May, between 8pm and one am. Profit was $124.00 over this period.
Owing to difficulties with the computer I have decided to stop trading FXDD also and from comments on the net I appears FXDD has been trading less often anyway due to generally higher spreads. I have investigated other brokers and the following are looking to be good options:
Alpari UK
Great spreads and has generally remained consistent over time.
GallantFX
GallantFX is an ECN broker that offers free EA hosting, has great spreads and allows Canadian accounts (even BC residents). Well, strictly speaking they’re not ECN, but they do offer Straight Through Processing of your trades. The only drawback is that they’re not an NFA member, but given the new NFA rules against hedging this may not be a bad thing.
Fast Brokers
They offer an ECN like broker for accounts over $10K and also offer free VPS hosting for your EA. Fast brokers fully supports scalping and their commission based professional feed has very low spreads . Although their are commissions the fact that the spread is low will ensure FAP Turbo scalping mode has a great many opportunities to trade.
Fast Brokers also offers free EA hosting if you trade 50 lots per month or more.
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