Home > Forex > Weekly update, week 13

Weekly update, week 13

April 7th, 2010

I just realized that I didn’t make a weekly update during the Easter holiday. I was extremely busy during the weekend and it was a really welcomed break from work and trading. Because of the Holiday I only let my scalping EAs trade Monday and Tuesday.

The AUDNZD and EURCHF gave me real problems again. Both pairs trended outwards, minimizing my margin once again. One positive action was the massive selling of CHF the SNB shocked the market with on Thursday afternoon, catapulting the EURCHF up 240 pips. The AUDNZD trended higher thou as the market anticipated a rate change of 0.25% from the RBA (which was fulfilled after the Tuesday meeting).

Total gain over the week was a meager $62.69.

w1013_alpariuk

Alpari UK live micro account. Trades FAP Turbo, MegaDroid and Green.

I had to top this account with another €200 to keep it safe marginwise as the EURCHF plummeted. With the SNB in the market Green trading EURCHF closed quite a few trades thou and stood for the best performance of a EA on this account during the week (not strange since all others where turned off in the beginning of the week because of the Holiday). Total gain was €33.61.

w1013_forex

Forex.com/UK live account. Trades MegaDroid and Green.

This account made very few closing trades during the week because I turned of Green in EURCHF, so it missed to trade the spike by SNB intervention. Total gain was $16.11.

jfx_w1013

Jade FX live account. Trades FAP Turbo, MegaDroid and Forex Shocker.

Even thou the scalpers in this account only traded two night they did quite alright. The bump in the graph is a GBPUSD trade by Forex Shocker 2.0 that hit its SL and lost $30. Other than that all FS trades did very well. I started trading FAP Turbo EURGBP on the account again, I haven’t since way before the liquidity provider switch. I run custom settings of TP 5 / SL 35. These settings have been working out on demo, and so far it looks good live (1 trade only yet). Total gain here was $52.68.

w1013_cfx

The Collective FX live account. Trades MegaDroid and Green.

The bump in the graph is the $147 monthly membership fee taken for the privilege to trade at the Collective. It is definitely a very steep cost for me as I don’t turn over enough trades to use it fully. Green bagged 65 profitable trades in EURCHF which was very nice, other than that it was a slow week here. The account is stretched very thin now. Total gain without the fee was $96.20, but with it the account lost $50.8.

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  1. Matt
    April 9th, 2010 at 11:49 | #1

    Hi Johan,

    I’ve been following your blog for a few weeks now and am delighted that you keep it up to date. I started writing my own EA, and have some success with it. I just wanted to know about your EA “Green”. Would love to hear what strategies you use / methods involved.

    One further question - you trade a lot with many bots. Any chance that you can post accumulated stats for each robot across all currencies - i.e. Finding out which robot is the most profitable within the periods that you trade. That would be really interesting to see.

    Many thanks!

  2. April 9th, 2010 at 13:17 | #2

    Hello Matt.

    Green is a range trading grid strategy, a la RoboMiner. But it has a lot of improvements over RoboMiner I think. I made it in January and put it live in Febuary, which must have been the worst time to do so in 10 years. I trade it on AUDNZD and EURCHF live. I have been backtesting with a lot of other pairs but there really aren’t too many others that are cyclic and volatile enough. AUDCAD and EURCAD are probably the two next best pairs. I’m still adding functions to it, but currently basically everything I started out thinking about is implemented. Hopefully it will start to deliver again when/if price returns to predictable ranges in AUDNZD/EURCHF or another pair. This kind of trading is really not easy to justify with the historical extremes broken in both AUDNZD and EURCHF right now thou.

    Currently I’m working on another strategy thou, called Blue. It is a longer term (H4 and D1) trending trader that use pyramiding to achieve maximum gains and hopefully manageable losses. I’m not quite there yet. I intend to trade it on the volatile pairs like AUDNZD and GBPJPY. In backtesting I have currently the best results on EURUSD during 2009 thou at 500% gain, so perhaps I’m barking up the wrong tree :)

  3. Matt
    April 9th, 2010 at 14:30 | #3

    Hi - Sounds like you’re doing pretty well with the development. Good luck with Blue. I’m a software developer myself and am finding it great being able to program your own strategies and see it make some money.

    I haven’t got enough funds in my account to trade major trends yet and be able to suffer the drawdowns, so I’m focussing on 1 - 30 minute scalping strategies, and intra day breakouts. I’m also finding out (whether I’m right or not I don’t know) that it seems that profitable strategies and robots are more to do with the money management and stop loss management that go with it. Got any advice at all on money management / minimising losses etc?

  4. April 12th, 2010 at 13:29 | #4

    Yeah, it is great to work on these strategies, a real dream come true actually. Wish I had much more time for it.
    I fear that I’ve over-optimized (basically curve fitted) Blue to achieve 500% during 2009. I think I have quite some work to do before it really is good enough to trade, but I only get an hours or so at a time right now.

    I’m not very good at minimizing losses, Green is designed without stoplosses, but with very much money management (or free margin management rather) to create the grid traded.
    In blue I specify max risk to be taken, and I try to risk no more than 2% of the balance in a trade. I don’t have it implemented just yet, but it is intended that the SL level is to be picked by daily pivots and that that pip number is used to calculate the lot size of the trade (so that if SL is hit 2% is lost).

    I haven’t focused on scalpers yet because I have bought a few that works to some degree (I’m not pleased with them thou). After I’m done with Blue I’ll start looking at a scalper I’ve been thinking about. It’s a strategy on JPY pairs two hours prior to Tokyo open that I’ve traded manually on demo with success. I think it should work great automated. I think Yellow would be a suiting name considering the Japanese connection ;)

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