Yesterday the LTRO news caused very choppy markets. Plus the market dumped after Bernanke’s testimony.
I personally turned my EA off prior to the LTRO so I find it’s helpful to keep tabs on fundamental event risk.
This event slaughtered a lot of retail traders who were manually trading too, so it’s not as if it’s just EA’s.
for those who have only been using it for a month or so, give it at least 4-6 months to get a large enough sample size to see it’s performance.
I’m expecting it to be positive from what i’ve seen.
There is no such thing as a EA that will win all the time and produce a certain % profit every single month. You are buying a trading ‘system’ not an ATM.
So if you bought this EA and are running it on a real money account, then take responsibility for that decision. If you wanted to see if it was a profitable system, you should be demoing it first anyway.
One thing that hasn’t been mentioned yet is the pegged eur/chf pair, it’s stuck in a crazy tight range. In other words this pair is not losing but also not making money anymore.
I de-attached the ea already a while ago from my main account and play along on a smaller account as a side-project. To be honest, it’s not that bad; running from November average montly return just below 5%, very reasonable indeed.
I hear that! A good tight range is perfect for scalpers.
I’ve be a bit worried if the market makes a run for 1.2000. It’s may end up going horribly wrong if positions unwind in a hurry and gaps lower a few hundred pips.
Yeah true but ten pips is way too tight with spread included my friend. The ea is calculating that perfectly fine so the pair is barely traded an no trade is no gain.
Don’t worry about the PEGG, Mr. Jordon never sleeps and has has finger always on the button:)
Well I ended the month with -5% overall. Not terrible. I would like to see these ea’s back in profit. Although I accept that drawdown periods are a fact of trading.
I ended February up 2.18% with net gain of -12.48%. Still, an improvement. Already for March I am up 2.25%. Hope this keeps the trend and continues to improve.
After the X-mas close I started the EA’s on a €1000,- account and am pleased with the outcome;
Januari + 10,- [1%]
Februari + 100,- [10%]
March + 35,- [3,5%] [already after 2 days!]
On averige that’s 7,x% per month.
I’ll be putting it live soon.
I decided that I wasn’t going to let Friday’s ride; my demo account has 4 open, 2 EUR/USD sells and 2 USD/JPY sells. My real account had the same trades open, but I closed everything out about 5mins before the markets closed.
Okay, here’s my results for the last two weeks trading on a FinFx demo account at 1:50. I’m running all six EA’s on all six pairs. All settings are out of the box defaults, with a starting demo balance of 5,000 USD. I’ve left it running through the weekends and have kept it running 24/7 on the home PC. I’ve not monkeyed with its strategies in any way, just let it do its thing as it decides to do it.
I’m liking this conservative approach quite a lot.
