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FOREX EA update

May 31st, 2009

So, I’m currently using four different Expert Advisers (EAs) that are trading 15 (!) different currency pairs. They are FAP Turbo, Forex MegaDroid, Forex GridBot and Forex Derivative 2.0. The last one is the latest (and greatest?) addition to the line-up. As of this writing it hasn’t done any actual trading yet, but it does very very well in backtests so I am hopeful. FAP Turbo is still the only one that have been profitable over my 5 days of trade, but I will keep MegaDroid and GridBot for a while to see how things turn out. FAP Turbo uses DonnaForex settings for the pairs she trade, and my own for USDCAD.

As for GridBot I’ve analyzed last weeks trades and made some changes to virtually every currency pair. I was considering dropping a few, but resorted to constrict their trading hours instead. This way I can still get more data on them, if last week perhaps just run bad for some pairs. So what settings will I be running this week? Here’s the Line-up:

GBPJPY and USDJPY:  LotSize 0.1, SafetyNet -50, trading between 18 and 3 GMT (Alpari UK offset)

USDCHF: LotSize 0.01, SafetyNet -13, trading between 9 and 18 GMT

GBPUSD: LotSize 0.05, SafetyNet -50, trading between 9 and 3 GMT

EURUSD: LotSize 0.01, SafetyNet -14, trading betweeen 9 and 15 GMT

USDCAD: LotSize 0.01, SafetyNet -20, trading between 11 and 19 GMT

EURGBP: LotSize 0.01, SafetyNet -20, trading between 9 and 14 GMT

EURCHF: LotSize 0.01, SafetyNet -20, trading between 9 and 3 GMT

EURCAD: LotSize 0.05, SafetyNet -80, trading between 9 and 3 GMT

CHFJPY: LotSize 0.01, SafetyNet -20, trading between 12 and 3 GMT

AUDUSD: LotSize 0.01, SafetyNet -14, trading between 10 and 18 GMT

AUDNZD: LotSize 0.1, SafetyNet -60, trading between 9 and 3 GMT

NZDUSD: LotSize 0.01, SafetyNet -14, trading between 11 and 19 GMT

EURJPY: LotSize 0.01, SafetyNet -15, trading between 18 and 3 GMT

GBPCHF: LotSize 0.01, SafetyNet -20, trading between 9 and 15 GMT

So, hopefully it will work out with these settings, and I get more good trades than bad. I’ve tried to stop lingering trades by settings a little tighter working hours and lower safety net on some pairs as you can see. Some I’ve also started trading at bigger lotsizes since they’ve been performing very well. AUDNZD has hit rate of 100% as of now for example, so I’m trading it at 0.1 lotsize. This pair is characterized by often trading in a range, perfect for grid trading. Unfortunately the spreads are somewhat unfavorable, but as long as GridBot keeps getting winners here I’m satisfied.

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  1. June 1st, 2009 at 00:44 | #1

    this text reminds me of what Thomas Jefferson said - “The art of life is the art of avoiding pain.” - thanks for sharing this article.

  2. July 7th, 2009 at 08:27 | #2

    Check out my website too, thanks

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