FAP Turbo Weekly Update 26 June 09

Posted on June 26th, 2009 by alwilson44

An interesting weeks trading.

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: