September 28th, 2009
Sam J
Thursday night/ Friday morning saw 4 trades, things seem to be picking up.
That’s the good news, the bad-ish news is that I finally had a loss.
It was a 33 pip loss, BUT the other 3 trades raked in 26 pips, so an overall loss of 7 pips for the day is what I’d consider a good day.
PAIR | LOTSIZE | PROFIT
GBPUSD | 0.05 | +$1.56
Entry: 1.60622
Exit: 1.60595
PAIR | LOTSIZE | PROFIT
EURCHF | 0.05 | +$7.36
Entry: 1.50796
Exit: 1.50927
PAIR | LOTSIZE | PROFIT
GBPUSD | 0.05 | -$19.09
Entry: 1.60401
Exit: 1.60072
PAIR | LOTSIZE | PROFIT
USDCAD | 0.05 | +$5.04
Entry: 1.09141
Exit: 1.09046
-$5.13 for the day.
On a closing note, there has been alot of negative talk about GBPUSD trading on MegaDroid in this current trend that is going on between this pair.
I’m going to read-up and assess whether on not to let it trade over the next week or two.
Personally I think it’s just because some traders don’t realize that there is no 100% sure way of trading and since this is the first loss in quite a while they are just under-experienced and scared, but who knows.
We’ll see 
Happy Trading,
Sam J
Logic = 3
Not Aggressive or in Recovery Mode
Modelling quality 90.00%
Profit Factor 4.31
As I’m sure you can see, the last months were hardly profitable, which indicates to me that this strategy was created using older data that isn’t valid in the current market conditions.
Of one thing I am sure though, this pair is not profitable with this robot in these current conditions.
Here is the last few months ‘zoomed’ in to give you a clear understanding of the conditions:
1.44 Profit Factor
Conclusion
I’ll not be accepting EUR/GBP unless conditions change back to as they were a few months ago, OR if MD is updated to suit the current market.
Cheers,
Sam J
Categories: MegaDroid Pro Strategy Testing Tags: 30 minutes, britain pound, cheers, consecutive loss, consecutive losses, consecutive profit, drawdown, EUR, eurgbp, Euro, GBP, great britain, gross loss, gross profit, initial deposit, logic, loss, m30, megadroid, net profit, pair, parameters, precise method, Profit, profit trade, RAM, robot, Sam, tick, ticks, timeframes, trades
Has one massive unavoidable loss on logic 1, but logic one performs best if you turn the blind-eye to this loss.
Still, that’s not possible, so I’m giving this pair a miss too.
Cheers.
