Home > Forex > Weekly update Week 35

Weekly update Week 35

August 28th, 2009

I’ve had mixed results this week, but overall my accounts have gained $144. Details below.


Alpari UK live account

The week at Alpari UK ended down by €22. EURCHF trades done by FAPT stood for €85 in losses, which is really bad I think. USDCAD did better, but only traded once with €10 gained. MD stood for the profits with €50 gained on EURUSD. I will definitely monitor FAPTs performance the coming week, if it doesn’t improve I might stop trading EURCHF here. I might even move it completely to the Jade FX account since USDCAD really have been working out great in demo there (see below for Jade FX performance live with MD Pro).


Forex.com/UK live account

Going into this week I re-added MD Pro to the Forex.com/UK account, since it seems some of the instability problems I suffered from last time have been solved with the update to v1.01. And so far so good, it hasn’t crashed. I only added three charts trading USDCHF, but I’ll add some EURUSD also for next week. I’ll continue to run non-aggressive settings as I want this account to suffer very low draw downs.

RoboMiner have performed quite good as always. All in all the account gained $90.66 for the week, with $12 from MD Pro.


Jade FX live account

This is the second week live at Jade FX for me. I only trade MD Pro right now and it is doing quite well. Total gain was $85.66. No losses this week, but a few break evens. This really seems to be a characteristic of MD Pro, if it hasn’t been able to close the position by T/P in some time (I think 1 hour) it tries to close it at break even. I don’t dislike this, but during the week all of the orders would eventually have gotten the full T/P, so it is cheating us from some profits (other weeks it might save us a fortune, so as I said, I don’t dislike this behavior).

In the two weeks I’ve run this account it has grown by 30% from $500 to $650.84, which I find quite remarkable. I am trading 0.1 lots which is minimum. It probably will be hard to sustain that kind of growth, so I am prepared for it to hit a S/L soon. But lets hope it’s not next week so the nice streak can continue :)

I am considering moving my FAPT license from the Alpari UK account to the Jade FX account. If I did I would only trade USDCAD to start with, which really seems to be the best pair right now. In my Jade FX demo it has done extremely well trading 21 - 01 GMT. But I am reluctant to do this right now because the VPS that I got from Jade FX isn’t doing quite as well as the performance on my account. Twice now I have been unable to log in to it, and support have been forced to reboot it to solve the issue. I still don’t like not being Administrator on it, and this is even more disturbing when it is unstable. With Administrator rights I could reboot it myself as well as run my MT4 sessions as services. If this issue isn’t solved in the coming two weeks I see no other solution than to get a different VPS to run my Jade FX trading on. But I think it would be very hard to find another one with <1 ms latency… We’ll see.

Good luck to you guys going forward.  :)

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