Inside Bar
Last week made $403, this week $513, most of the profit coming from a trade left over from Friday, which benefited from the market open gap on Monday. Balance is a little over $6,000. Interestingly, no EURUSD trades this week.
This robot has made profit several weeks in a row. Will it hold? History tells us no, but we'll enjoy the spectacle while it lasts.
Pending Reversal Candle
Last week made $83, this week makes $515, benefiting from the dropping AUDUSD. Balance is $5548. This robot gives mixed results, often surprising with wins when other bots fail. I really thought this would have failed by now.
Daily Close Breakout
Late last week I switched this to H4 time frame (from my vague memory), and adjusted the stop loss settings. Lost $706 last week, this week is up $202, but has one order currently open which is down $216. Lots of small wins, but a few big losses wipe them all out. Balance is $3934.
I suspect this robot needs further settings adjustments.
Weekly Breakout 2
Up $79 last week, but some open orders carried over the weekend posted a good gain Monday morning, which it then proceeded to squander during the week. Closed up $57, one open order for +$168, balance $3905.
Still feel this one has potential, but needs adjustments somewhere.
Open-Close Bot H4
Lastly, our oldest bot, running unmodified since November last year, posts it's first profit in a while, catching the falling EURUSD. Lost $220 last week, this week up $243, squandering many of it's early gains.
I added an over-brought/over-sold stochastic based filter to this robot, because I felt sorry for it, and wanted to see how the filter might perform, having gotten some positive results on back tests from other robots.
Balance is $4363.
Wait, what's this? You said we were done! Just for fun and for comparison, I present a modified version of the Weekly Breakout 2 robot. This uses the same general principals, but instead of using the first H4 candle of the week to draw the breakout box, it uses last weeks closing price plus an ATR based box.
Current balance is $4143, so like it's parent bot, it's not done so great during it's life. I believe I adjusted stop loss last week and also changed this to H4 time frame.
This week is up $267, but one open order is currently down $113.
--
So that's it for another week. The H4 time frame is proving the most reliable, but I'm still not sure if this is simply because less trades are placed and we don't have enough information on results yet.
Some promising results from a couple of robots over the weeks, but only one has breached the $6,000 barrier, which is a 20% return from the start of the bots, some months ago, and these using unsafe levels of leverage.
I have gotten a few ideas from watching these robots perform, however, and have implemented some of them into other demo robots not shown here. These ideas are mostly based on price momentum and stop loss levels.
More time is required to test them out! So much time. And while testing continues, the market will continue to change and some of these strategies may not work anymore. Funnily, some older ones may start showing positive results again or for the first time.
