Robot Results April 16th - 20th

They're a little late this week, but here they are - robot results from the 5 we've been regularly reviewing.

Inside Bar

Last week it was up $362.  This week down $275.

Pending Reversal Candle

Last week, this robot surprised and was up $384. This week down $366, but one order is still open, currently up $133.

Daily Close Breakout

Another surprising robot - last week up $323. This week pulls in another $289. Amazing. I ran it through the back test optimizer, but the results weren't great. I think there is something wrong with the history data. One of these days, I'll get around to trying to fix it and re-optimize. 

Weekly Breakout 2

Last week down $354. This week down another $467. This system was described in a Forex Factory thread, and seemed promising. But after several weeks of losses, I'm starting to have my doubts. While it is easy enough to see where the entry's should be, it's not always easy to get them, and the robot doesn't always enter when it should either. It's frustrating.

Also, sometimes when I trade other people's systems, I get caught up in their hype for it, and continue it well past the point where I should give up.

With this system, I don't know what to think. I can see potential in it, but I just can't seem to make it work. When other systems, such as the inside bar, seem to work better, I sort of think I should give up on this one.

We'll try it a few more weeks, and see what happens.

Open Close Bot H4

Last week down $413. This week the demo account expired and I had to reset it, but this old robot posts another loss of $464. Starting to forget that robot ever succeeded at all in the past. 

--

So there we have it. Another pessimistic week. Only one robot which returned positive results, the "Daily Close Breakout" bot. This one is dubious at best.

However, it along with some other robots not shown here gave me an idea - time vs distance (momentum) is important in these breakout bots. If the price can move a certain amount in a given time, this can be used to judge the momentum and possible continuance of a move. Thus, by adjusting the buffer zone around the consolidation patterns which the breakout robots use to judge when to place trades, and the order expiry time, we might have a bit more success.