Well, it was the worst week by far for our Euro-Blaster demo account. Only two trades were completed on the FXDD account. Part of the reason there were no more trades than that was because the robot is stuck with five other open positions at the moment. (four of these were opened on Wednesday). Even worse, four of them are a mere 94 pips from hitting our 500-pip stoploss. At one point today they were only about 45 pips away. Currently the account is in drawdown over $2,000, or almost 60% of our equity high. Not too encouraging given that this is only our third week to run the EA. We’ll need the pair to make a quick and steep drop on Monday to salvage these trades (and the account).
The other forward demo (belonging to Patrick) that we are monitoring and have listed on the Results page did quite a bit better. It completed 15 profitable trades for over $400 in profit. However, it also went into the weekend with two positions open and a drawdown of almost $700 on a $6,000 account.
I did some extensive backtesting over the last couple of days. I will post those results sometime this weekend. Stay tuned.
2 Comments until now.
Maybe the solution to this is for the Robot to close all open loosing trades, that are beyond a specified limit (say 25% of the total SL,, at the end of each month. That would free up the system for new trades and stop potential disasters in their tracks.
if one was to do this, what entries would one need to make to adjust the EA parameters?
Yes, that is something akin to what I am suggesting in my latest post (monthly method), but there I suggest that you close ALL positions at the end of the month so that you can be sure to bank some profits. If you wait until your profitable positions turn into losing positions to close them (and it will eventually happen), you won’t be able to guarantee any profits in the long run.
I do not think there is a parameter currently in Euro-Blaster that would cause it to close only positions that are down a certain percentage at the end of a month. Perhaps you could suggest it to the creators as a new feature for a future update.
Comment!