The week started out poorly for the Forex Grid Bot demo account as Sunday night it had to clean up the remains of the trades it had failed to close on Friday. Those ended up being sizable losses. It is important to note that the EA only trades Monday through Thursday by default. I decided to initially change the settings to also trade on Friday since this was a demo. But I think the developers had it right. Fridays are just too unpredictable. And as I mentioned last week, by the time Forex Grid Bot gets around to trading (12PM ET), people are starting to hang up their trading hats for the week. So, going forward I will not be trading Fridays with this EA. I expect the win percentage to increase some because of this.

After the Sunday night clean-up, Forex Grid Bot did outstanding for the rest of the week. It won every trade on Monday through Thursday and really never got too close to having a drawdown large enough to risk hitting the SafetyNet stoploss. Thursday was the closest as it was almost 50% of the way there before heading back to take profit. The net gain for the week was $384.69, or +11.2%. Since the account was started on May 25, it has gained $810.96, or +27.0%. The account’s equity now stands at $3,810.96.

Forex Grid Bot is the current performance leader among the EAs that we have recommended. It has a very high winning percentage. And unless the bottom falls out this next week, I will open a real account with this EA beginning the week of June 29 (assuming I can get the account funded by that time). More details on the settings I will be using will be forthcoming in the next week or so.

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