Performance as of End May 09
Filed Under (Performance) by Casey on 04-06-2009
Tags: AlfaForex, Alpari, Broker, EA Xtreme, Enterra, EuroBlaster, FAPTurbo, FXDD, FXOpen, IBFX, Manual trading
I was really procrastinating doing this update. I am so ashamed and do not want to accept the fact that May 09 was not as profitable as I wanted it to be.
Plainly… it was again due to stupidity. Sighh…. oh well… it needs to be done so that I can review previous month and correct it again this month.
Here is my result for end May 09
No need to say but my FXDD account was my killer account. Why? I gambled with it… Ouch! This is my Achilles Heel I tell you. I need to join Gambler Anonymous to really improve that.
Ok… reality bites and reality in check… Here goes.
Alpari: Main stupidity… AlfaForex… My lost alone on AlfaForex was -87.75. My eagerness to put it live after 2 weeks of demo and without backtesting prove fatal…
IBFX: Ok… it might not be stupid but it could or would be… *fingers cross* that it is not. On Interbank, I am only using Cyborg EA @ 2% risk but it’s taking 0.22 lots. So what can I say… achieve my two month ago goal…
FXOpen: Now.. don’t be deceive by the +ve side of things. I got a $100 bonus from FXOpen for trading 10 standard lots. Good eh? But fu(ked $60 up on what else…. AlfaForex.
FXDD: Main stupidity… Gambling… AlfaForex, EuroBlaster, and Enterra. I really don’t want to dive into this… *SOB* *SOB* I am so ashamed…. 
If it wasn’t for my gamling nature I would have been UP that month….
So now… with my new found enthusiasm about backtesting…. I do hope that these backtesting execise would yield me good results this month. Ok… maybe not… cause I after backtesting I will need to demo test it…
This month June will not see any new EA put live. I want to see how my current EA performs. And find more EA to demo test.
Oh… and I need to start over my demo account. So no activity on demo until I get some EA backtested well….
Now target for this month…
- Demo test at least 2 EA.
- Continue to improve my live account balance.
- Start looking into manual trading…
Here is my suggestion.
Add Megadroid and vForce1.1 to your Alpari account.
Only keep M5G Cyborg on IBFX.
Close your FXOpen and FXDD accounts.
Forget about Alfa and Euro Blaster.. They are too risky.
Also RemExpert and Xtreme are redundant since you already have FAPTURBO. Enterra should also be moved to Alpari account. That’s what I will do.
Hi Kit… Thanks for the advice. Yes.. I am looking and Megadroid, vForce as my next project.
I’m keeping FXOpen and FXDD well… Because I wanted to test FXOpen’s fix spread issue on FAPTurbo and well FXDD because if I can find a good EA for that I want to start using it as my Paypal bank account…
Have already forgotten about Alfa and EB.
As for Xtreme and RemExpert being redundant? I use RemExpert for two currency which FAPT does not trade or does not trade well.. GBPCHF and USDCHF.
Xtreme.. trades EURCHF and also EURGBP. They do not take similar trades as FAPT… So I won’t consider it redundant… cause by logic it should cascade my profits… Again by logic…
Thanks for the tip anyway….
Hi Casey
there is no reason to be ashamed, at least u still didn’t lose one of the accounts, something not unusual when traded with all these hype EAs. Forum posts from disappointed and desperate customers tell a lot about this bad experiences.
I support the idea to look in manual trading, it will help u to chose very carefully your EAs in the future
May the pips be with u
Yes… Obi Wan Onur…
Still thinking about manual trading… have to find that sort of commitment… Sigh… maybe I can be one with both auto and manual…. That is an idea I have been toying around yesterday…. We shall see….
Obi Wan??
KIT thanks for the comment ..but i must add .. vforce has had a new release and the version is higher … i havent had good success with xtreme and would drop that also. I disagree with REM comment as REM outtrades the fapturbo sometimes 3 to 1 in a session and the two .. sometimes but not all the time takes the same trades.. the two rem and fap actually work in synergy. Ive never had in a session both eas doing equally the same number of trades even though technically theyre the same EA. Megadroid is a great EA and so is CYBORG. eurgbp has very very low win loss ratio .. must be all the scalpers and is down near 60% for me .. so is gbpchf which is a hard basket case. usdchf is up in 80%-++ as high as 90% win loss rate for me and CAD and CHF are two of my best pairs trading the last month and euro with megadroid.
– “down near 60%” meaning .. win loss ratio .. very low and always has problems trying to make a profit .. low profit factor.
Ive had good results with forex autocrusher
but the risk increases with the higher time fram EAs and that works on 4h charts.
The other thing is .. i can say .. dont bother backtesting and demo testing megadroid .. it works. i can guarantee that .. i would never EVER say that about any other EA as a suggestion but just be aware 0.10 risk setting is 10% but they have a clever feature of putting on the screen the number of lots the EA will execute
Hi Casey, thanks for the link. Now, what is your current thinking about EuroBlaster? I’m still live with it, though I reduced the simultaneous orders to 1 and the SL to 100 pips. Seems to be behaving at the moment, but tell me if I’m storing up trouble for down the track!
Still trying to find a way to run away from the large drawdown.. or stop loss level… Hopefully going to write something on it soon…