I really hesitated doing this performance review of my last months trading activity. Embarrassing… but it has to be done. The only way for me to move forward. With my game plan drafted. Now I need to start managing my robots properly.

Ha… it’s nice being the boss. I can kick and screw the EA if they are not performing for me

But I think I will treat these robot trading like soldiers. Beef them up during demo testing and then send them to war on my live account.

Ok… enough day dreaming. It’s time to count the casualties.

As of End March 08 this is my standing…

So sad… Took out my last two months profit Ouch!! 413.07

Oh… I need to add this note. I busted my Masterforex account and open a new FXOpen account. And that account took the worst hit! Simply because I use it as a casino account. Sigghhh… I have to stop gambling man. Anyway, I was testing or rather doing some manual trading. No wait, I was gambling on that micro account. Since it was only 30buck deposit. I wanted to test out a system manual. And as usual… failed miserably. 3obucks no pain, but when I added it up… I guess I have to sit quietly in the corner and think of what I did.

One of the mistake I did when I open a new FXOpen account was I open a standard account where the minimum lot size is 0.1. And at 500 bucks live account… that was the gambling nature in me that made the decision to open that sort of account.

It was already bad enough that FXDD minimum lot size is 0.1 to add another one. Geess… That’s the gambling blood in me talking man.

Anyway, I had to slap myself twice and requested a change on my FXOpen account from a standard to a micro account.

FXDD, well… what can I say. Tested Forex Rising and again that did not turn out well because I was tweaking it when it was LIVE. Please do not try this at home…. *Mental Note* If I want to tweak it the setting of an EA, I should do it in a demo account.

As for Interbank I was more prudent and conservative with this account. I was at the beginning of the month testing out Firebird Driven. I started to test two more currencies and surfice to say it did not turn out well. I stopped it in the 3 week of the month because I was not driving it well enough. On the other note, I also put Cyborg EA live. My penpal forwarded this EA to me and it was amazing… So far the overall trade has been very profitable. *knocking on wood* If it wasn’t for Cyborg EA, that account would be in the deep end of -$20. What can I say, I was trading only 0.01 lot with Cyborg EA… So I am sticking with Cyborg EA on this account and set the MM  to 2% risk.

Now for my favourite account… Alpari *sob* *sob* I put REMExpert live on this account, and again I used fixed lots, which unknowingly made my exposure too big. Because I put in too much faith and hope that it will scalp it’s way back to profitablilty I did not change the settings. Another bad mistake. In the third week I should have already done something about it but again the gambling side in me did the talking and decision making.

I am blaming this on my other personality. Dumb tw@t! Coming out on a brighter note, I am still in profit for this account and hope I maintain that…

Ok… enough of puting myself down. It’s time for some corrective action for this month.

For FXDD and FXOpen. I have put ON HOLD or rather stop trading this account.

On my FXDD account, I am currently demoing again Forex Rising and Forex Crusher. Once it’s good, I will only put it live on only ONE currecy pair. And see how it pans out.  That will happen next month.

For my FXOpen, I am currently in the midst of changing my account to a micro account. It would be more manageable in terms of lot size and risk. Target would be next week to start it live again and hope to achieve 20% return. Ambitious? Don’t know… it’s good to have targets no?

Interbank will remain the same, which is to continue with Cyborg EA with settings at 2% money management risk. As for my Alpari account. I am using both FAPTurbo and REMExpert. Again both these settings are set to 2% MM risk. With EURGBP only using one EA to trade.

On the side note, it seems that EURGBP is begining to be too popular… Could be a reason why it has been taking on a lot of losses… but hey that is just speculation. Don’t know if that hypothesis is true. As long as it is at 2% risk, I believe I should be in a position to weather the losses.

Targets? Well… interbank would be to recoup last months losses. And for Alpari, at maybe 5% target return. After last months losses, I will not put a lot of hope that this time round profitability will improve.

But all targets are just targets plucked from thin air. Who knows… just keep the faith…