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Posts Tagged ‘Forex Shocker’

Weekly update week 02

January 17th, 2010

I had a terrible Thursday this week with stoplosses hit on all accounts actually. The Alpari UK account took the worst beating. Read more…

Weekly update week 01

January 10th, 2010

The first week of the year was a very good one actually. If this continues I will be rich by the end of 2010. :) Read more…

Back in business

December 28th, 2009

After 3 months of backpacking perhaps it is a bit early to say that I’m back in business already (arrived at home yesterday morning with a overnight train), but at least I’ve started to examine my live accounts and made some graphs of their performance. Doesn’t look too good, but of course it was a gamble to leave my scalpers unattended for such a long period, I knew that. I am a bit surprised by some of the losses on the JadeFX account thou, it was very very solid right up to the day I left (21st of September) and then it really have been struggling the whole time.

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Alpari-UK live account w39-w52

In total the loss over this 3 month period is -€138 at Alpari UK. As you can see in the graph it is somewhat controlled losses, thou the maximum drawdown was 40% (in both the downturns basically). The main offender is MegaDroid (with tweaked trading hours) with a loss of €258. Definitely have too look deeper into that. USDCAD traded by FAP Turbo was the best with a profit of €231.

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Forex.com/UK live account w39-w52

As you can see in the graph I added funds to this account ($1000) in order to keep RoboMiners open positions safe margin wise. I knew this could be needed since I traded with a little to small account. The performance have been very good thou with a steady gain of $828. The small bumps in the upward trend is losing trades by MegaDroid, but overall MD is up $208, so it have been doing well on Forex.com/UK (especially well compared to my other accounts).

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JadeFX live account w39-w52

Well this really is sad. Basically the account crashed during October, from $929 to $216, a 77% drawdown. All EAs and pairs were doing terrible. Then it started to produce winners again and more than doubled the account in the beginning of November to $457 before starting trading bad again. The real disappointing thing was just in the last week of trading thou with two MD EURUSD trades entered by the same MD chart with stoplosses at -111 and -46 pips. Something must have gone wrong there, I’ve never seen such a high stoploss by MD before. After that the account is once again decimated. $197 is left of the $929 (which was built up from a $500 deposit). I haven’t really gotten into the details but it seems MD have been performing very bad on JadeFX the past three months, for some reason. The best performer have been Forex Shocker, with the new 2.0 version being even a little better than the 1.1 that have made most of the trades this fall.

If you add up the three accounts profits and losses the total loss is $42 over the last three months (or gained about $400 if you count the cashback I’ve been receiving). I will make adjustments to all accounts the coming days (will post details later), and begin trading scalpers again on the 4th of January on selected pairs. Right now I only have RoboMiner active.

I probably will add funds to the JadeFX account and enable just a few EAs and pairs (some non-aggressive MD charts, FS2 USDCHF and FAPT USDCAD perhaps) and hopefully I will be able to turn the account around again.

Quick update, again…

November 15th, 2009

I’m still traveling (Kuala Lumpur, Malaysia right now), so I really don’t spend as much time researching and testing as I use to at home, but I’ve at least updated to FAP Turbo v49 and Forex Shocker 2.0 on my live accounts now. I’ve been running them on demo for a week with good results. FAP Turbo v49 of course added USDCHF as a possible pair to trade, and I have chosen to do so, it seems very good (since I lost my MD Pro license I’ve really missed good USDCHF trades, even thou Forex Shocker is quite good at that pair).

My accounts was hit hard in October all over the board, but the account at Jade FX was really decimated with a draw down of 77%. Since then it has recovered very nicely thou, from the low of just $216 to $457 right now. If I was at home of course I would have stopped the trading well before, but I wasn’t and I know it is a risk of course to leave these small programs live without supervision for weeks. But at least it is very exciting when checking in to see how they’re doing. RoboMiner on my Forex.com/UK account is doing good, but it is in a draw down that forced me to add $1000 to keep it safe margin-wise (I trade a little over the recommended lot sizes).

When I get back I’ll pick up my testing and the blog again. Until then I just pray that Octobers performance isn’t repeated.

Crash at Jade FX

September 30th, 2009

I’ve been out of town since last monday. In the meantime my JadeFX account have plummeted from $929 to $518. Not to funny when logging into the VPS from Irkutsk, Russia where I am now. Seems that S/Ls have hit all the EAs on the account the same nights (MD Pro, Forex Shocker and FAP Turbo). I don’t have time to check the settings right now, which is bothersome.

The Alpari UK account was also hit by the stop losses, but not as bad.

Seems I should have just stayed home… :)

Forex Shocker graduation

September 8th, 2009

I’m going to start Forex Shocker live on my JadeFX account tonight. I’ve been running it on demo for the past week, and it has been working out. So now it is time for it to graduate from demo school. Just one week might seem short, but performance wise I’m sure it is quite solid based on others live performance. I’m going to start trading it on EURUSD, GBPUSD and USDCHF with 0.1 lots during 21-23 GMT+1 (JadeFX time). This actually works out great because, at least in the demo, the trades have been quite quick and should be done by the time MD Pro’s main trading hours come around (which is 23-1 GMT+1). All pairs have behaved, but the three chosen have made the most per trade. EURCHF is actually the one that has made both most trades and pips, but I feel that profit per open trade should be premiered right now (since the account still is quite small and margin is limited).

MT4Stats is still down so I’ve moved my stats over to MyFxBook right now, and I quite like it. They tweak it now and then and it is getting better and better every day really. You can check the Forex Shocker JadeFX demo below.

Update: Of course Forex Shocker hits the first S/Ls since July the first night I’m live. Two stops hit with double GBPUSD trades for a total damage of $64. Fortunately Forex Shocker on EURUSD and USDCHF got one winner each and MD Pro got several so I still gained $8 for the day :)

Bought Forex Shocker

August 26th, 2009

I got my cashback from cashbackforex.com yesterday, $123.71 for July. It was burning a hole in my Paypal account so I went out and got Forex Shocker EA. :)

It is a scalper that trades six pairs and I have been observing it for a while. I’m mostly interested in trading EURUSD and GPBUSD since I’ve seen other peoples’ results from those pairs. But of course I will demo trade all of them, there could be a difference with brokers and latency so the other pairs also would be interesting. I will demo on JadeFX (kind of scalpers heaven) and hopefully everything works out so I can add it live in 1-2 weeks. Scalping GBPUSD would be a welcome addition to the “regular” pairs.

Straight off I must say that I don’t like the setup too much. It is a Plimus sale, without any money back period. All sales are final. Also you only get to trade one live and one demo account. The limitation on number of demo accounts is real stupid IMHO as we all like to test different brokers before going live. Hopefully it works out nice on JadeFX thou. I am not sure what the policy is about changing accounts after a while.

You can follow my demo progress here: http://halmoore.mt4stats.com/

And you can get the EA here: http://www.forexshocker.com/

Wish me luck :)

Update: I still haven’t gotten the unlock / license codes from the developers, 29 hours after my purchase. I think it is real bad and not very confidence building. Now I just hope I get it up and running for Mondays trading session…

Update 2: Just recieved the codes, so I’m going to start demoing on Monday. Took about 48 hours, so do take that into consideration if buying Forex Shocker.