Robot Results March 18-24

A pretty poor week for the 5 robots we've been reviewing for the last several weeks. Let's see how they did.


Inside Bar

Last week $40 profit. This week $316 and a lot more active in trading. It's interesting that this robot's trading activity has picked up, considering no changes to the code and the dismal results of all the other robots reviewed this week. I'm guessing this means a lot of market uncertainty, which this robot was able to capitalize on. Moving it to the 4hr time frame definitely seems to have paid off  (so far). Balance is $4958.


Pending Reversal Candle

Last week I added AUDUSD for this robot to trade, and it did poorly, ending the week with a $180 loss. This week was much worse - a $515 loss, with all of the losses coming from AUDUSD. Current balance is $4906.

This robot was starting to look promising running on just EURUSD.

It's tempting to take AUDUSD off, but even if this robot continues to fail on AUDUSD, we can use the results for comparison with the others robots trading AUDUSD.

Testing takes a long, long time. If this robot does fail, I'll restart the test with just EURUSD again and run it for another few months.


4 Hour Breakout Box

Another horrible week for this otherwise promising system, which I was trading manually. It's frustrating, because even though there were some terrible losses, there were plenty of opportunities for good trades which should have at least made it break even.

The fault is all mine, of course, for not keeping a proper watch on the trades. This is one of the problems of the 24 hour Forex market.

The balance of this system was down to about $3,500, so I called it a wash and deleted the account. I decided that since I can't keep an eye on this system all the time, that I would just go ahead and automate it.

So I stole the indicator code from the systems EA and integrated it into my own code-base. I feel much more comfortable with my own code-base, which I why I didn't simply keep trying to use this systems existing EA.

The result is the danw2 - weekly breakout v2 EA (code not available). Back-testing revealed profit on EURUSD, GBPUSD, and AUDUSD, which is a rarity. Here I'm running it on EURUSD, GBPJPY, and AUDUSD.

Already I can see problems would have developed on GBPJPY last week had it been running. See how the price bounced back and forth between the yellow lines on GBPJPY? This would have activated and stopped out several trades. It may be better to switch this system to the 4 hour time frame, but we'll see how it works out over a few weeks.

Basically, this system has been a failure, due to human error and laziness. I still think there is great potential in it. This is interesting to me, because it highlights the importance not so much of Forex trading systems, but the skill of the trader in the timing of placing trades and keeping a watch on them.


Daily Close Breakout 

 Last week, $812 profit, balance up to $5693. This week it went nuts, lost $1140, balance currently at $4553.

I have several other breakout robots, and they seem to do better with smaller stop-losses. This robot had a spectacular return last week, so I'll let it run another week or so before adjusting the stop-loss.


Open Close Bot H4

Lastly, my old H4 trend following robot. After several weeks of losses, it had a few good weeks, recouping all lost profit, before suffering a small loss of $39 last week, and getting absolutely cut to shreds again this week. This means choppy trading conditions! This is the only reason I really keep this robot alive - as another indicator of market conditions.

This robot needs several 4 hour candles to go in the same direction above or below the 10 SMA. This didn't happen this week.

This week it was down $587. Balance $4820.