Home > Forex > Another disappointing week 30

Another disappointing week 30

July 25th, 2009

Okay, this is really getting annoying. Third week in a row ends bad. But this time there’s really a huge difference in the results between my live accounts. Enough to just stop MD on Forex.com/UK now. It still crashes almost daily and now it isn’t even doing as well as Alpari UK when it doesn’t crash.

w930_alpariuk

Alpari UK live account

As you can see the week started of nicely with about a 10% gain up til Thursday night. The problems started when MD had open positions during the day and the trend was going the wrong way. If I had manually intervened and closed the positions early Friday morning the account would have made a profit of about €40 instead of a loss of €20. But I don’t want to close orders opened by EAs, that’s their job. I’ve also learned now that MD closes order after exactly 12 hours if still open, regardless of the current profit/loss. Had I known that I would probably have put a trailing stop on it say and hour before… Perhaps I should do that in the future.

FAP Turbo didn’t do much at all this week. It just managed to break even. It was MD that did all the trading in the account.

w930_forex

Forex.com/UK live account

This is we’re the real losses start. For some reason MD did much much worse on this account than on Alpari UK, with the exact same settings. I am running it without Stealth mode since MD crashes so frequently. I am not saying that the broker have used this information to manipulate prices to hit S/L:s, but there is definitely something going on here. I am going to stop trading MD on this account. As I have been demo’ing MD Pro on a Forex.com/UK account without crashes I will try out Pro on this account starting next week. I will trade EURUSD, EURCHF and USDCHF. If that doesn’t work either I don’t know about this broker…

So all in all, terrible week, again. Third in a row. Starting to loose faith in these bots… On the bright side thou, cashbackforex.com paid me my cashback for Alpari UK account this week. $144 free that I wouldn’t have gotten unless I used them as affiliate. Great stuff. When running bad it softens the blow, and when running good it’s just extra money. Don’t trade on accounts without rebates when they’re available :)

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