As noted earlier, we started a new demo account this week using the brand new version of Euro-Blaster (v2) that was released just about a week ago. Our demo account is using the conservative preset, but we have also turned MM on so that our account will compound as it wins trades. It was an outstanding first week. The robot rocketed from its $5,000 opening balance to over $6,000 at one point. It did end the week with a drawdown of $457.47, but the equity after the first week stands at $5,556.73, representing a gain of +11.1%, which is quite impressive for a “conservative” setting! I should note that the conservative preset does not have money management turned on by default, so the RiskPercent parameter never came into play. I turned MM on and thus the RiskPercent became relevant again. It was already set at 5%, which is where I have left it, but in reality that is quite high and not truly conservative. It would probably be wise to lower that to 2% or 3%. However, I will leave it at 5% for the time being. What concerns me is that if the current trade, which is currently down about 54 pips, were to go all the way to a stoploss, the account would drop by another $2,500 in equity. That’s almost half the account for one bad trade, which is not ideal. I’ll need to consider that some more. The key is to grow an account in a sure and steady fashion, not to become filthy rich overnight. There needs to be a measure of safety here because as I have stated before, there will be a time when you lose one, two or maybe even more trades in a row, and you don’t want it setting you back months or years. So here is the chart so far… looking good!
0 Comments until now.
Comment!