Modification to fxv spreadsheets

 1. The last data extraction for the week will be Sat morning or anytime after the market had closed during the weekend. Before this, the DataExtraction on Monday morning (before market open) is only for datas changes during the few hours before the market closed the lasst weekdays which is unproductive. Now the DE for Saturday will be the same if it is extracted on Monday morning (before market opens). Letrs name the first data Extraction as "Monday Start"

2. Top of the SS will be summary of daily Real accounts performance this can show the difference within about 24 hours.

3. Any notes on what was done (if any) to the account will be type on the furthest right after the Day+1 column.

Robots replaced

 

Robots being replaced this week are as follows:-

1. Scalper EA replaced by Ex Master

2. Super Euro replaced by Bams-bung

3. Xexpert replaced by Flex

Good lucks and god speeds

Welcome to Real

 

Robots upgraded to real this week after good performing on their demos are 

1. Armor
2. G Trades

Both on 10k cts liteforex account.
Best of luck and godspeed

The case with Loki

 

Loki has always been my favorite and great potential as a Forex robot. Why ? It only trades the EU pair on the 1 min time frame. But that impression was marred when during one of the test it made unexpected margin call. On investigation perhaps the problem was 1. Low funding 2. Bigger lots trading.

Odd thing was another Loki demo account did not faced such  issue and continue to strive. So not wanting to just give up hope, Loki was again tested with the same account with 20k funding. Everything went smooth sailing to the point where a decision was made to upgrade Loki to real account replacing Apex Scalper which was not fairing well at all. And in a matter of 5 days Loki turned the account from a -3% losing to +21.3% profit from start !

But then this morning the unexpected had happened,the  demo test loki on 20k account met its demise vanishing its 22k funding (2k profit) to a puny 522cts a loss profit of -99.7% !Another margin call ! Luckily it was a demo account (thats what it is for anyway). Whereelse the other surviving Loki demo account has no effect holding to its 47% profit in 26 days.

Taking this alert, I suspended all trading in the Real Loki until a thorough post mortem is carried out. I hope this can be resolved and Loki can be made great again.

The possible explanation which is GOOD in all counts, the defunct Loki was on FBS broker (same one with the previous MC). Where else the successful or surviving ones Real or demo were on LiteForex ! I do hope the investigation will reveal this and the red flag on Loki removed. If this is done,Loki will be the star Avenger.

Robots updates

 After 18/9 data extraction

Real
Al Fatih
thou the increase in lot size from 0.01 to 0.03 did not show much improvement in terms of % profit a day
CapEALFR
Adding of UCD into pairs trading improve trades where it is now nearing 1,000 level much easily than before. But then so does RPL yet still under control
Loki
Replacing Apex brought marked 112% expected month than the slow misery Apex of -3% EM. Loki is one of the favourite but needs watch over and parameter adjusting now and then.

Consideration to drop
XPert
Scalperea

Still have faith in
Rockstar
Big profit of +$2k equally with big -RPL -$2.2k.
Scalp V9.6
Too early to tell with only 1 day data. Small win but overall loss with big -RPL

Welcome nzh1

 Out of the blue a local robot was created. 

This is after intensive readings on Hedging trading. Its no brainer and the robot was created even with a free version of FXDreema. It open trades with 10pips TP both direction and also pending orders on the opposite directions 10 pips apart. It will open new trades (order and opposite pending orders) when a trade hit TPs. Also it will open extra pending orders if there are no pending orders available.

Logistics of trades are expected to be messy with lots of trades around. End of the day, either close all trades (running and pending) and start afresh.

Dont know how successful or failure it can be or the other way around. Its OK not much hope to be given but 2 accts both demos are reserved to see how it will perform.

Best of luck god speed.

Modification (18/9)
The pending orders will close after a certain duration 15m (POs opened when there is no more POs around) and 30m(OPs opened with actual trades)
This will ensure that PO's are not that far off from where the price is. Downside too many closed pending orders in history especially when trading with many pairs.

Can you trust your robots ?

 Scenario
How much should you invest and the expected performance of a robot if you like to earn around RM6k a month ?

Answer
Amount to put in as funding is $14,000 or RM60,200 at 4.3 exhange rate.
Robot success is 10% on a 20 days trading a month.
Profit% a day is 1.5% resulting RM6,200 a month earning.

Now what are the robots that can match or supersede this ?

Real Robots
Jacaranda - 10%
Pukat Hanyut - 15%
Loki - 81% (only 1 day old too early to tell)
CapEAXM - 12%

Demo Robots
Armor - 25%
Bender - 45% (new)
GTrade - 19%
AlFatih (ecn) - 12% (should based on $30k thou)
FXHacked Pro - 147% (still too early)
Loki demo 10k - 39%
RSI - 42% (not really known yet)
Armageddon - 16%

BUT CAN YOU TRUST YOUR ROBOT EVEN IF YOU THINK YOU KNOW THEM WELL ENOUGH ?

New SOP for RSI Robot

 Manually close if current trades making substantial profit during each data extraction.
2 acct testing the robot 1 on smaller and adjusted parameter the other on Bigger and default parameters

Robots analyzed

 

Now how they performed so far this week. Thanks to the weekly analysis sheet the task is easier 

To be adjusted
1. Al Fatih (R) - increase lot size from 0.01 to 0.03.
7. Capt EA (LFR) - add 1 more pair USDCAD
21. Capt EA 200k - increase lot from 0.01 to 0.02

To Drop
9. Robot scooper - new robot losing 7k
11. Xpert - Losing 2k
12 Stark - no iron man biggest loser with loss 9k!
26. Scalperea - losing daily consistently

Potentials
13. Armor
14. Bender
16. G Trade
29. Armageddon
18 Al Fatih demo ecn - delivering whats its promised

Potential but slow earner
8. Brilliant
19. Venom Viper
15. Jabrix

Problematic but profiting/ KIV see how they get out of mess everytime
10. Rockstar - RPL -2k
20. Forex Hacked - RPL problem but controlable at -0.7k or -12%
24. RSI - own smaller parameters adjustment. Still uknown
28. RSI - BVig forced manual closed wins but unknown. Having -RPL issues at the moment

 

Robots dropped

9)  Bananas update - not opening trades - Replace by robot scoop
22) Forex Fury 3 - yo yo winning and losing now more on the losing side Replaced by Super Euro Scalper
5) Apex Real - Too slow and  losing slow too (-3%) Replace by Loki

Welcome Forex Rockstar

This robot was stumbled upon during the scouting of robots on Youtube.

It is sold quite at a high price at about $499 or so but ..as always..found it for free somewhere else.

So letting it run on one of the platforms. Why its semi auto as it cant close (No SL) but it has TPs. Anyway that can modified externally with fxDreema (creating stop loss). But lets see how good it is. Perhaps taking advantage of the hedging maneuver ? Well still dont know yet.

Put it on the 1min chart.Whether its buying or selling decision is good enough.

If its is a rock star will confirm it by tomorrow.

Robots desired characteristics

1. Overall increase in daily profits

2. Trade frequently

3. Money management can be controlled - fixed lots or risk

4. Fast in and out trades

5. Keeping RPL to the lowest most of the time

6. Not holding on to too many trades

7. Do not open trades against the trend

8.  Can trade with low balance of fund

9. Ample explaination on how it works either from a provided manual or good introduction

10.  Comprehensive inputs parameters where the robot can be well controlled.

Its rare or no possibility to see one with all of em. But those with just some yet performing is good enough in my list

A No No in Platform VPS Management

 Over the weekend there was an incident which taught a lesson.

It is necessary that all platforms are to be shut down for sometime over the weekend when the market is at rest. This is to zerorised the "buffer"? thats accumulated over the days on all platforms. When this occur it tends to make the account too slow to bear.

But here is the big No No... DO NOT CHANGE THE NAME OF THE PLATFORM FOLDER !

This was done purposely to identify which folder sequence and where it they are linked to.Big problem is when this is done all the platforms IDs are wiped off ! including the account number, chart set ups, inserted robots and indicators etc all the lots. The easiest way to restore them back is to log in the account details for each and every one. Then insert back all the robots and indicators.

Existing unsolved issues will be :-
1.The existing trades and pending orders are linked to previous trade setups which relate to the id nos.
2. Which charts that are active and what time frame there are in are pertinent as it would effect the works of the robots if they are not the same before the changes.

So in future, just bear the above in mind. You can change changes you want to make. But at least keep it to the minimum and be prepared to what it will come to.

 

Capt EA new trial

 As of today, a new fxtm demo cents account was launched of 200,000cts. on VPS Frankfurt.
In in is Capt EA with 4 popular pairs of EU,EJ,UCd and UJ.
All settings are default with the starting lot to be 0.01.
The start balance may be way to be big but its worth demoing what amount can make CaptEA immortal (if its possible)
In the case it is, I would not expect fantastic progress just proportionately if CEA was on a optimum funding perhaps it was like before the holocaust. But that was an amount 10% of the current one. The amount is to cushion any hellfire which can come.

200k cts is equivalent to $2k real. So if the results are favourable we could adopt that strategy.
Go Speed, Stay Strong, Stay Alive

The Trusted Potentials

There are many robots that have been tested. Many of them you just simply cant be trusted - that they lost even before the fighting begins. So fo those, we removed and we moved on to others. Some making the  best but still you have doubt that at one point of time, when you believe them fully they betrayed and hit you the most. 

But then you cant decide on things you have no full understanding of. They may make horrible decision but those are govern by parameters which you have control on. Once you mastered that you will on top of your world.

Thorough the tests, robots that are still impressing but have failed and yet there is still hope to make them better by adjusting them or the environment they are in. These are them:

1. Captain EA
2. Loki
3. Al Fatih

Captain EA XM VPS manage extended

 Captain EA admin FuadFX telegramed me last night informing that the 3 mths free VPS is reached. I was at a cross road whether to renew or manage on my own. Even if the progression is small with XM but it is progressing all right. Even the LFR Captain even running on 1 EJ alone could not match proportionately on what the XM is achieving.

If I decided to try then renew at a later date, I would have to pay both robot and vps again. Capt would cost the normal RM300 not RM200 that i gotten before. The rental fee is small at only RM150 for 6 months.

So I decided to renew and see how it goes. Admin claimed that the biggest account they are managing is $2k or 10x of mine.

However noticed that the robot did not open trades from last night. So informed Admin to rectify the situation. 

Also on Captain EA, I have not goned deeper into its input parameters and had taken it is as it is. It looks detailed and well control. And since I was happy with its result before (on Real Lite Forex), I will go deep and try it many times on demo until I get the hold of how to control CEA. Yup thats the mission.

Robots next to go for Real

 Possibly today

1. Armor

2. FX Stabilizer

Reasons explained earlier.

The one that escape the radar - Al Fatih

  

While we were busy succesfully correcting   Meia4 today and give a lease of life to AlFatih, he was the one that fell by hitting Margin calls.

Yes it happened and his acct had reduced to only about 3k from a good start of 10.5k. Why Al Fatih was succesful before because he was with a 70k demo account. Even the parameters warned of at least 30k ecn account. Fortunately we have a demo AF account with 30k ecn just to see its performance.

So I have reduced its lot from 0.1 to 0.01. Make sense as 0.1 is for 30k and 0.01 for 3k. I hope it does not effects AF performance in the future.

So that is lesson learned. Some robots are very sensitive on the equity where AF is one of them. If a demo of 10k was tested, it may tell a different story. AF is still a star performer lets see if he can improve the present to what was before. 

Not to simply dropped rather than post mortem understand the problem and give another chance.

Front liners now

  

Heres what happening currently in the frontlines 

A. Robot promoted to Real account Status - Apex

B. Robot revived - Al Fatih

C. Robot rested - Meia 4

D. New robots commissioned on demo

1. Venom
2. Highway
3. Millions
4. Manhattan
5. TheBestEA
6. Armageddon
7. ADX14emas2 (local)
8.Roulette8_2 (local)
9. AlFatih2 on 30k ecn demo acct

Till the end.

The fight with Meia4

  

Meia4 was one of our robots that came from file and ranks. Having meeting the 2 upgraded parameters well and given the mandate to fight the forex market for real. For a start like every other robot she was given 10,000 cts to trade on liteforex.

What I like about Meia is how equipped she was with good display and the ability to open other pairs while attch to only 1 chart. Obviously she is from Russia as the choice for the display was either English or Russia. The display was nice and have controls too. It come with a complete manual which would have taken time to learn and understand.

Anyway, the doubt in Meia was not that shes not making money but her RPL was always high and negative most of the time. She open (or layering) many trades but that can be control from her input parameters.

Then at last week her -RPL had grown to -4,000cts which is bad considering the equity is just 10k. On the other hand her account had increased to 12k and increase of 2k for 10k account in a short matter of time. Surely thought that she would hit Margin Call anytime. The over the weekend the recovery team suggest to save the situation Meia was in that is to pump more money. Luckily Al Fatih account was not used and we transfered 9,500cts to Meia making here balance to increase to 19,500 cts   

Come Monday, and the alarm was again sounded where Meia -RPL had gone to -10k ! Something must be done fast to save the account rather than leaving Meia to handle herself which she could not.

She had open so many trades that then were against the trend due to a significant US news in the morning. So any pairs with USD had gone ballistic in the opposite directions. Her lots are not martingle for sure but plenty basing on distance of trade from one another. 

An extraction team was sent in to salvage the trades, no matter what it takes - minimize the losses.

1. The furthest trades from the current price are closed.
2. Any trades that are in profit are closed.

The break came at about 1am when we saw some form of retracing in the pairs. The by rough calculation we thought that we can get out of the situation with some losses which was thought OK. So manually every trade was closed one by one until it was over. Ironically we did not make losses but some small 500k or so profit ! 

More reports in tomorrow daily progress update. Its not that Meia is hopeless she has her strength all right. But in future when we found the means to control her tendencies, she'll be OK and profitable. As for now give Meia a rest for a while.

Over and Out.