Performance Review: June 21-27

June 26, 2009 by Ben  
Filed under Performance Reviews

The EUR/USD pair continued to chop around this week, which was great for the MegaDroid, but provided limited opportunities for EURO-BLASTER v2. However, the nice surge to the upside on the EUR allowed EURO-BLASTER to close out (at a profit) the trades it was carrying at a loss from the previous week. I decided to add the EURJPY pair to the M5G Cyborg this week, however, EURJPY and USDJPY basically triggered the same trades, so there is just too much correlation there to trade both of these charts in the future. I haven’t decided which one to drop yet….

You can follow all of these demo accounts via my MT4Stats pages:

http://www.fxrobotman.com/live-statements/

MegaDroid Losses

The MegaDroid had some negative trades trigger on Thursday evening, giving us the second drawdown period for MegaDroid since around this same time last month. Despite the losing trades at the end of the week MegaDroid was “on steriods” earlier in the week – so my demo account closed up 12.5%.

It is important to keep things in perspective with MegaDroid. I know some of you were frustrated that MegaDroid went short in what seemed like an obvious up-trend, however that is not how the system trades. It is basically a channel reversal system that trades best during flat and choppy markets, especially during the quiet pre-asian session. Part of the reason demo trading a system is so important is so that you can become emotionally comfortable and disciplined with how a particular system trades. Looking at my MegaDroid charts separately they only lost 4-8% on those losing trades, and I fully expect respective drawdowns of 10-20% based on the level of risk. The losses were well within my expectations, and until they go out of that range, I’m not too uncomfortable. Losses are part of the game, even for a system that wins 90% of the time.

Real Money Accounts

I will be moving into a “Real Money” testing phase for MegaDroid here in the next week or so where I will be taking my current MegaDroid setup and putting it on some small live money accounts. The goal is test my setup on two different live money accounts with two different brokers to see how they trade and to see if there are any issues with spreads, trade context errors, liquidity etc. I am impressed with how my MegaDroid setup trades on the demo account, but it is a whole different ball game when trading with live money, especially on the Mt4 platform.

I will try to publish the live money results as well, and will let you know when I am ready to do that.

Have a great weekend!

-Ben aka FX Robot Man

Performance Review: June 21-27

Comments

2 Comments on "Performance Review: June 21-27"

  1. Steve Cap on Tue, 30th Jun 2009 11:18 AM 

    FXROBOTMAN

    I have Megadroid in a real money account. It has not traded since 6-23-09. I only have had 4 trades since 6-12-09.

    I am a financial advisor..Registered investment advisor for that matter…while I am sophisticated on the equity side I admit my knowledge of currency trading is weak.

    My question to you is why is my system not trading when you are getting trades? A firend of mine who is trading mega also is experiencing the same problem. He mentioned you have tweaked your system to get more trades…can you share with me and is it viable to date?

    Any insight would be appreciative. Also, a email would be nice to correspond with you. I am seeking to find a trading system.

  2. Richard Germaine on Wed, 1st Jul 2009 8:34 PM 

    Dear Ben aka FXROBOTMAN:

    I am really impressed with the performance of your demo Forex Megadroid trading account. Would you be so kind to share your indicator settings with me? I just purchased this E.A. and after reviewing many blogs, nobody seems to be getting these results. And, nobody is getting the results that Megadroid show on their promotional website. It would make you suspect that it is a scam. Thank you for your integrity and transparency. We need more people like you so we can depend on real information.

    Best Regards and much trading success,

    Richard Germaine

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