I know there’s people that is interested in my progress with JadeFX, so I thought I’d just make a small update now that MD Pro have traded my small $500 account live for the first night. I got three trades all in all with one USDCHF that made full 10 pips profit and two trades that closed as break even (one each in EURCHF and EURGBP). The exact same trades was opened in my demo account (there was a difference in price on the USDCHF trade with 0.6 pips in favor of the live account), which I consider very good news.
$500 is clearly to little to trade all four pairs of MD Pro with just 1:100 leverage thou. Margin wise each 0.1 lot (the size I traded) requires $100, but MD Pro seems to have a safety feature so that it doesn’t open too many trades. It will only allow two simultaneous 0.1 lotsize trades, so we might miss some opportunities there.
The plan right now is to continue with this small “live demo” setup for the week. I will perhaps just keep two or three pairs during this time. Will analyze the performance of the demo account during August to determine which ones. USDCHF is a given thou, it is the clear winner for MD Pro. After that i probably will add another $500 or so and get another FAPT license to run on it also.
It is that time again, called weekend, when I usually analyze the weekly performance. This time it isn’t an awful experience. It really have been a terrible few weeks, but hopefully that is behind us now and we can begin rebuilding our accounts steadily. The recovery really started with getting rid of GridBot a few weeks ago thou.
Above is the graph for my Alpari UK micro account. €77.84 gained since last weekend. The only real loss was a USDCHF trade by MD Pro that I manually interveined with when it was in drawdown. I shouldn’t have done that, it had recovered and probably closed break even if I just had left it alone. This isn’t the first time the same thing happens, hopefully I have learned the lesson this time… I ought to since the whole point is that the Experts should be able to trade on their own.
Other than that trade it was a very nice steady week. MD had a solid week with only winners. FAPT made nice results in both EURCHF and USDCAD. Last weekend I changed the end time for FAPT to 23 GMT for both pairs, and I really think that was a good change. Most of the big losses have occurred later in the session. I will look into the starting times even more now, I probably will start several overlapping charts with FAPT with different risk taking. It is clear to me that the first trades taken is much more profitable than later in the evening, perhaps we should exploit this with higher lotsizes for the first trade… I’ll probably try a setup in demo and see what happens.
The graph for Forex.com/UK also looks nice this week. $87.49 gained in total. The bump in the beginning is the same USDCHF trade by MD Pro as above. I’ve actually removed MD Pro from the account after that trade, not because of it per se, but because of 3 crashes. One of the crashes hindered the very nice EA RoboMiner from a trade (it cost me $11). So now that account is only traded by RoboMiner, and it is doing great. I run 0.04 lots with AUDNZD and 0.03 with EURCHF. Very tempted to add even more funds and up the lotsizes.
Finally we are able to run MegaDroid on more than EURUSD. The added pairs are EURCHF, EURGBP and USDCHF. I was very surprised that GBPUSD wasn’t one of the new ones. EURCHF and EURGBP is of course also traded by FAP Turbo, but USDCHF is a new pair for me (it is scalped by Forex Shocker, an EA that seems quite nice also). Otherwise nothing is different from MD v1.11. Oh, the font of the info text shown on charts is new (and uglier).
I’ve added MD Pro to two demo accounts and am currently busy running backtests. I will post results as soon as I have something nice to show.
Update: Fixed a mt4stats account for the Forex.com/UK demo account I’m using for MD Pro. It has the default settings other than that I turned of recovery mode. It has traded quite a few trades already. Link: http://johnrambo.mt4stats.com/
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.
Every year, we partner with Samaritan's Purse in their annual Operation Christmas Child project. The OCC Project sends shoe boxes of small toys, hygiene items and school supplies to needy children throughout the world. Here's how you can get involved.
Pack a shoebox. Pick up a shoebox from the church foyer and the packing instructions. A shoebox filled with small toys, hygiene items, and school supplies demonstrates God's love to a child in need. Remember to pray that God will touch the heart of every child who receives a shoebox gift, and that many children and families will come to faith in Christ.
Give. Samaritan's Purse asks for a donation of $9 per shoebox to cover shipping and other costs. Your generosity beyond $9 per shoebox will help them reach even more children with the true meaning of Christmas and a tangible expression of God's love.
Pick up one of the boxes from the church foyer and fill it full of of the requested items. Return them by Sunday, November 18 for them to be sent to children internationally.