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

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Ok… it’s time to lay out my game plan. I have been shooting in the dark last month and one of the mistake I did was… no actually there were two mistake I did.

One was cascading or stacking too many EA on one account. Two, fixed my lot size instead of using the internal money management system.

Lesson learned once again.

There is no harm actually in stacking a few EA on one account. The problem was that I did not control my risk when I did that. Meaning I was taking on too much risk in one go. Bad idea.

So the corrective action would be to use the money management system if the EA does have this function. Set the money management to risk only 2% of my balance. On my micro account that would mean 0.0x lots per trade. Return would be small but losses also would be small. Hopefully, in the coming months my profits would outweigh my losses. That is the general idea isn’t it?

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