What to do…

Haha, this is getting comic. So I won’t even say anything about it…

Alpari UK live account

… well. Just that the last trade of the week, FAPT in USDCAD, lost €87. That was not a good feeling for a otherwise positive week (note that the €100 jump early in the week is the cashback I made in June that I deposited in the account). I will be evaluating FAPTs settings for this coming week. Donna announced Saturday that she will stop trading FAPT at Alpari UK after two months of not so good results, and since I am at Alpari UK I’m of course a bit worried. I will not stop trading there this week thou, but I will probably stop trading after 23 GMT on both EURCHF and USDCAD.

As for MegaDroid on Alpari UK nothing special has happened really. I turned down risk for the week early on and it haven’t traded quite as much after that.

Forex.com/UK live account

As for the account on Forex.com/UK I stopped MD completely before last week because of all the crashes. I then bought and started trading RoboMiner (II). I also enabled MD Pro with very low risk settings. Nothing spectacular on the account yet, but I almost made the $40 monthly fee of RoboMiner in the first two days. This Friday I also added another $500 (that’s the big jump in the graph above) and upped the lot sizes to 0.04 AUDNZD and 0.03 EURCHF. Hopefully this setup can make some steady progress.

As for brokers I am reviewing quite a few ECNs to take over my FAPT trading (and MD/ MD Pro with it). The favorites right now, in terms of performance on the demo trading, is JadeFX and TheCollectiveFX. Both have excellent spreads and data streams. I don’t know about the other important aspects thou (like support and not trying to rob you). FXCBS is also a real contender, however it hasn’t performed as nice in demo for me, but a lot of people are really pleased with them live. Cashbackforex.com is offering 15% back on the commissions there. The other ones I’m trying is ATC, Broco and GoMarkets.

Oh, perhaps I should say something about FAPT Evo also. I’ve been demo trading it for three weeks now, and I am very interested in starting it live. Last week it made 13% with Donnas High risk settings (that isn’t even that high risk I think). Dukascopy is a real hassle to sign up with thou with lots of paper work. Not like your average MT4 broker…

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.

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.

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

The new version of GridBot was released a week ago. I was not impressed. After running backtests the entire weekend trying to find anything good with it I put it on demo accounts and hoped that the backtests we’re wrong. Well, it didn’t end well and I finally went for the refund. The money hit my Paypal yesterday. I’ve lost quite a lot of money and time on this bot. I really think it is possible to make a profitable grid trader (just look at Robominer), but not this one. Very disappointed actually since the developers are very inactive in their own forum also, not answering questions. (I still wonder where the hedge function in the new version is… I never saw a hedge of any sort).

FAPT Evolution is still running on demo, or at least I think it is, I’m not getting it to trade much at all. Reading forums the Dukascopy demo server really seems to give different performance for most of us. It is quite worrisome I think as they’ve stated that it should give very close to 100% matching performance with their live server (difference of course being the liquidity). The ones running it live seems to have a smoother ride although EURGBP apparently hit a S/L this week. I’m looking forward to Donnas update this weekend as I tend to use her settings for both regular FAPT and Evolution. She is very knowledgeable about these products.

As for MD Pro I put it up on a demo Forex.com/UK account and it has traded quite a bit (compared to regular MD), but is actually a few dollars behind for the week. EURGBP is the main culprit. Perhaps this pair isn’t really working out for scalping at all right now (as it is the same with FAPT and FAPT evo). The other pairs have done well. I’m thinking of replacing my regular MD on Forex.com/UK live account with the Pro version for next week. I still experience daily crashes with regular MD. The Pro version at least haven’t crashed the demo account once running it without MT4 restart all week.

After running Robominer on demo since June 1st I must, again, just state how impressive it is. They just released a new version that is updated to work with NFA regulated brokers after the new rules about FIFO is enforced, and they state that is is even more profitable with these new changes. Sounds good. I must buy it now and put it on a account somewhere. The developers are currently recommending Forex.com/UK, I have a account there already of course. I am also considering FXCM/UK bacause of their advantage in lower spreads. However they only allow trade with 0.1 lots, Forex.com/UK trades 0.01 lot size. The smaller lot size of course allows lower risk taking, but I’m so confident in this bot now I’m considering trading it at 0.1 anyway (think they recommend a account size of $35000 (updated see comments) to do this, but as long as you have funds to put in there in case of a sustained DD you can fund a smaller amount to start with).

Received spam email from FAPT Steve yesterday about a new bot they’re impressed with (they’ve promoted MegaDroid apart from FAPT before, and some manual systems) called IvyBot. It’ll be released next week and have a webinar planned for Monday. I’ll check it out. Could be something, but there’s so many new bots being released I just don’t know

Oh, I almost forgot. The Joury EA bot I’ve written about have been found to be a free EA by a guy called TrendChaser. The developer himself doesn’t consider it to be a good strategy (it can work for a few months only to wipe the account he says). So hope no one bought it. It is available free if you want to play with it, I’m thinking about doing so a little this weekend, just for giggles.

I’m going to make charts for my live accounts later tonight or tomorrow for the weekly update. I can just say that it doesn’t look good now, and that the Alpari UK account have been doing much better than the Forex.com/UK account. The markets have really punished MD yesterday and today.

Another disappointing week, this time with huge losses with S/L:s hit by both FAP Turbo and MegaDroid.

Alpari UK

In total the week at Alpari UK stopped at a loss of €162. The biggest single loss was a EURCHF trade by FAP Turbo with -€105. MegaDroid had a biggest loss of -€56. Terrible when bad trades happen almost at the same time like this.

Forex.com/UK

On Forex.com/UK I lost $194 in total, with the biggest loss (ever) of $279 on one MD trade. So, if that trade hadn’t been took the account would have made a huge week. But it is still good to see that the other trades where doing so well generally.

So, I’m still positive. I have made some changes to the setup the last days (turned on OneTrade on FAPT on both EURCHF and USDCAD for example) and I will make more tune ups tomorrow when I’ve hopefully completed my backtests of MD (Pro) and EURUSD.

This is probably the worst start of a week possible. First FAPT screwed up and left a EURCHF sell position open for 14 hours yesterday, closed with a loss €105 on my Alpari UK account. Luckily Megadroid did well yesterday and recovered most of that loss. Also MD made very nice returns on my Forex.com/UK account.

Well, today is another story… FAPT haven’t made anything basically (well, two orders with €3 profit…) but Megadroid, boy oh boy. It lost me €207 on Alpari UK and $356 (!!!) on Forex.com/UK. It will take weeks of good results to get this back. Crap.

So, other than loosing money it also seems that I lost MD Pro. For some reason I’m not connected to Donnaforex as a affiliate on my FAPT Evolution purchase yesterday (even thou I used her link). So right now it seems I’m not getting MD Pro. I’m talking to ClickBank and Donna. If this doesn’t get settled with me getting MD Pro I’m refunding. So tired of crap like this.

To sum it up. Right now I feel like just running RoboMiner (perhaps on FXCM/UK with their quite nice spreads on AUDNZD) and check in to that account once a month. Don’t even want to see a single $ loss right now. Crap.

Well, at least it did very well on my accounts this  evening, night and morning. €18.52 profit at Alpari UK and $36.7 at Forex.com/UK during normal working hours. That doesn’t sound to impressive, but in addition to the automatic chart I run quite a few more as you know by now (using much lower risk settings). So total on Alpari UK was €73.7 and $92.5 on Forex.com/UK. That is almost about 9% profit, in one day.

I also trade in the afternoon with MD. Am I crazy? Well, it seems to work. I run a chart with GMT offset 14 (16 on Alpari UK with it’s GMT+2 timezone). Of course risk setting is low at 0.02.

One thing is still worrisome as MT4 regularly crashes with Forex.com/UK with MD running. I don’t know why, and it only seems to happen to my live account as MD is about to close a order. I’ve of course tried to re-install and talk to support (both at Forex.com/Uk and MD), but no one seems to have any ideas. I’m gonna try switching of the Stealth setting so that MD sets the correct T/P and S/L values. If/when it crashes at least the orders won’t drift off to far.

I am really excited about the new MD Pro that I hopefully have my hands on very soon. It is supposed to trade three pairs and look for scalping opportunities around the clock. Then I perhaps won’t need to run 12 charts of EURUSD anymore

Update:  Got six trades on the GMT 14 chart at Alpari UK and four on Forex.com/UK. All winners

Took out detailed reports for the week from my live accounts at Alpari UK (sporting FAP Turbo, MegaDroid and GridBot) and Forex.com/UK (only running MegaDroid). Not as nice as I hoped, with losses yesterday and today.

All in all, Alpari UK finished at a loss of €44.87 and Forex.com/UK at a profit of $66.87. That is basically a break even if you add it up… What a waste

Alpari UK live account

Forex.com/UK live account

So, MegaDroid did well on both accounts. FAP Turbo did well on Alpari UK. So what is left? Well GridBot didn’t do well… Again it loses me money. I will really stop trading it this time thou. Next week I expect them to release the new version (2.9) and then I’ll test it again.