Last week I mentioned briefly results from several of these robots. Let's see how they did this week.
First, the "Inside Bar" robot, which back-tested so well.
It's down $290 for the week. I had increased the lot size to make things more exciting. It has several small wins, but several much bigger losses. It could just be a bad week, but I doubt it. I don't think this robot will work out, but I'll keep testing it for a few more weeks.
In this post I mentioned three other robots. A "price failure" bot, "4 hr box breakout" EA, and another one I was vague about.
Pending Reversal Candle (Price Failure) EA results:
One trade, $292 profit. Quite a large (ie, not recommended) lot size considering the account balance. But fun to play with on a demo account, nonetheless.
4 hr box break-out EA results:
This EA is available from Forex Factory. I'm actually trading it manually but relying approximately on the black box the EA draws in order to place the trades. It does place trades itself (0.01 lot size). This week, it would have lost if left alone.
I placed pending BUY-STOP and SELL-STOP trades myself at the beginning of the week. The first BUY-STOP was only just activated, but then dipped below the cyan lines and into black box territory. I closed it for a $44 loss. Next the SELL-STOP was activated, and if I had left it alone, would have made a crap load of money. But once the price showed signs of retracing, I closed it prematurely for a $146 profit. I flirted with the idea of placing additional SELL-STOP trades under the bearish price action, which in retrospect I should have. Just didn't have the cojones, even though this is just a demo account. The large lot size has a lot to do with it.
The last robot I mentioned in the Not All Doom and Gloom post which I was vague about didn't have a very good week, so it's not worth mentioning.
