Inside Bar
Last week it made $316. It's made profit (I think) every week since switching it to the 4 hour time frame. Except for this week. Only 2 inside bars formed on EURUSD and 1 on AUDUSD. Some small amounts of profit but two losses on EURUSD of $110 each which left us down $133 for the week. Balance is $4825.
It's quite frustrating to think you have a good system, and then have to wait an entire week to find you've lost money. That's trading for you.
Pending Reversal Candle
Several weeks of losing- last week $515 down. This one fails back-tests miserably. So I was very surprised when this was one of the few robots to make money this week. Not just make money, but all of it's trades were in profit. It's up $166, with one order currently open for $24.73.
It has a long way to go to recoup it's losses, and I doubt it will get there, but this has been an extremely interesting result.
Weekly Breakout 2
This used to be the 4 hour breakout box system, which showed some promise. I traded it manually but missed a few entries and lost badly. So I automated it, using my own code instead of the EA that comes with the system.
I still think it's promising. This is not what you'd think looking at this weeks results though, huh? $465 down. 3 big losses as GBPJPY whipsawed and lost $286 and $287. Then another $158 loss on AUDUSD. A few smaller wins and one order currently open, GBPJPY for $254.
I'm sure the risk/reward ratio is not what it should be. I'm way too optimistic about this system and haven't set things up right, I suspect.
The robot didn't place some trades which I thought it should have. The problem was if a BUYSTOP order is stopped out, but the SELLSTOP is still in place, the code will not place another BUYSTOP even if the price is back in the breakout box region. I shortened the expiry of the orders from a day to 4 hours so hopefully this won't happen.
Also, I happened to manually move the stop-loss on a couple of orders to near break-even, which ended up being a mistake. Price retraced, closed, then continued on it's merry way, leaving me short many pips. Sigh. It's a problem with longer term systems like this. The tendency to meddle instead of leaving price to do it's thing.
Daily Close Breakout
Two weeks ago this system made $812. Last week it lost $1140. This week it's down another $497. I decided to switch this to the 4 hour time frame, but then forgot to restart it. Despite the sometimes impressive results, I doubt this system is going to do very well. Balance is $4056.
Lastly my old trend following robot, which I keep solely to gauge trends. It had some good weeks a while back, but the last few weeks have not been kind to it. Too much choppiness - this system needs several 4 hour bars to go in the same direction, and this did not happen much this week.
Last week it lost $587. This week it gives back another $563 with mostly losses and only two small wins. Balance is $4257.
So, another very disappointing week in robots, or rather, an ordinary week. The weeks where the robots are in profit are strange and unusual weeks!
