Performance Review: June 14-20
June 21, 2009 by Ben
Filed under Performance Reviews
From now on I will be providing weekly performance reviews of the systems that I am either testing or trading live in my real money portfolio. I am also investigating various screen casting software that I might start using to create some video reviews and video tutorials for you.
Currently Testing 6 Auto Trading Systems
By far the best performing system was MegaDroid this past week with an 11.1% return. MegaDroid is trading with my advanced tactics risking 20% on the main chart, and <=10% on the other 3-6 charts . Next in-line was my own “Confetti Grid” martingale system that I programmed myself which earned 4.5% (designed to trade with 100k accounts and trade around 1,000 lots a month). Last but not least was M5G Cyborg with a 3.7% return (although I need to trade more pairs with this).
All of the above systems are performing right in line with my monthly goal of a 10% return, and an average annual return of 60-120%.
The other 3 systems were all losers this week. FAP Turbo lost nearly 15%, EUR-BLASTER v2 is carrying a floating loss of 10% (which is normal for this system), and Forex Derivative lost a whopping 27% of the account in one week.
I am convinced at this point that Forex Derivative is a scam, or at the very least a damn dud of a system that might just be placing random trades. With a majority of the sales page dedicated to the sophisticated position size algorithm to minimize risk, something must be wrong. It’s either a scam or a failure. Any system that can blow 27% of an account with the default settings in under a week is simply not for me, and I have asked for my money back.
Summary




George on Sun, 21st Jun 2009 6:24 PM
My Megadroid went the entire week without a single trade on my live IBFX. Is there any explanation why this may have happened. The EA is definitely live on my chart. Also does your result reflect trading the additional technique you explained in the pdf document you sent out to us?
Yoohan on Sun, 21st Jun 2009 11:39 PM
Ben
How do you run several charts with Megadroid without getting two trades or more with exactly the same entry time?
I run two charts as outlined in your guide, but I often get trades on exactly the same time.
Ben on Mon, 22nd Jun 2009 10:19 AM
George-
My MegaDroid trading currently expands on the technique outlined in the original PDF and I now trade between 3 and 6 MegaDroid charts with various risk levels depending on the timing and impact of news events during the European session and late US session.
If you are just trading MegaDroid with the default settings from the vendor, then you probably are only getting a couple of trades a week – and maybe even no trades in particular weeks. MegaDroid is very very selective about trade entries, which is why it has such amazing accuracy. Even the default MegaDroid settings can still give you an amazing return – but some people that are used to systems that trade 20 times a day are not used to only having a system trade a couple of times per month.
MegaDroid and M5G Cyborg are very selective and do not trade that often – but they give much better results than most systems that are always in the market.
Good luck with your trading.
Ben
Ben on Mon, 22nd Jun 2009 12:00 PM
Yoohan-
I have sent you a private email regarding your question.
-Ben
Salvador on Mon, 22nd Jun 2009 4:26 PM
Hey—
Would you care to specify the methods you used to increase megadroids perfomance?
I would be interested in it… could you direct me to the PDF you mention?
Thanks
George on Tue, 23rd Jun 2009 3:43 PM
I will be very interested in your enhanced techniques following the original pdf and your answer to Yoohan’s question.
Roger on Wed, 24th Jun 2009 11:27 PM
On the PDF with your settings you mention a possible potential problem with hedging. Has this occurred during your eleven weeks of trading the Megadroid, especially with so many charts being used? Thanks.
Ben on Fri, 26th Jun 2009 10:41 AM
Roger-
I have not had any issues with the hedging situation. MegaDroid usually exits the first trade long before a reversal setup arises. Because the S2 strategy hangs onto the trades a little longer, this is the only trade that could cause the issue I believe – but it just means your broker would cancel/block the hedging order.
Ultimately, I don’t think this is a big deal, nor do I think it will affect the MegaDroid trading results.
-ben