What to do…

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

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.

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.