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Weekly Newsletter: Issue #36
DonnaForex
2009 Live Results  & 2010 Winners...?


It is the start of the New Year, and we are gearing up and getting ready with excitement, anticipation and with a healthy dose of intrepidation to start trading again.

Here then are all the results of all the live tests we have ever run in 2009. I have included links to the full live data where possible for your research (links on the right>>>>).  Unfortunately this is only a very brief glance as space is limited.  For those interested in methods and ways of further analysing results you may like to check out an article i published today here)

FAPTurbo
1 January 2009 to 1 August 2009 - Gained 315.3%, £710.97
8 September to 31 December 2009 - Gained 13.9%, £278.56
Total Gain: £989.53

Our FAPTurbo results had to be split into two. The first part of the year was traded on our fairly small Alpari UK account (balance at start of 2009 was £225.51). In September we transferred over to FXCM UK, and began trading with £2000, which is the account currently in action and the one you see on our stats page today. Despite its great profit in 2009, it is worth noting that nearly all of this came from the early part of the year and that in recent times FAPTurbo performance has declined considerably (although still making profit!)

Megadroid (& Droid Tactics)
29 June 2009 to 31 August 2009 - Gained 60.8%, £121.52
1 September 2009 to 31 December - Gained 42.8%, £908.67
Total Gain: £1,030.19

Brilliant Gains on Megadroid despite only being in action for half the year. Megadroid has been very consistent with easily recoverable losses and much smaller drawdowns (in comparison to FAPTurbo). We have used Advanced Droid tactics settings for much of the time our account has been in action. We did use Megadroid Pro on USDCHF and EURCHF for a short time, although they were recently removed having lost money (i.e. true megadroid only results would have been better).

FAPTurbo Evolution
4 June to 31 December - Lost 14.5%, $1,454.03

At one point this account was actually up by almost 80%! To lose all that gain and then more is one huge drawdown. This account was accidentally left open over the holiday period at the end of 2009.(see stats link). Evolution is currently under redevelopment by the FAPTurbo team.

Robominer
26 April to 31 May - Gained £92.25 (Alpari UK)
31 May to 6 July - Gained $44.40 (IBFX)
6 July to 31 December - Gained $9,941.96 (FXDD) (**estimated**)

It has been a year of chopping and changing for our Robominer accounts (and indeed the 'high risk' account from 6 July was not one of my own personal accounts but that of a friend) so it is a little difficult to show clearly the yearly results. The early two accounts were traded at recommended Robominer risk or less, the last account from 6 July has been traded at very high risk with reserve funds available. At 0.3 lots in this account our average banked win per week was $497 (from this you can extrapolote that for every 0.1 lots you trade you may expect a return of $165.67 per week, or for 0.01 lots you could expect $16.57 per week, trading both robominer pairs - note this is purely hypothetical, not a 'given' for moving forwards, and can vary considerably from broker to broker due to swap rates!). Two weeks of data were missing at this time so i had to estimate the values for those two weeks, for which i substituted our average value.  All swaps were taken into account.  I haven't recorded the account balances here as money was coming and going from the account a fair amount and it is hard to categorise correctly. I can say that for 0.3 lots and trading both Robominer pairs, the official recommended account size would be $105,000 (or for one pair only, $62,500) - do take heed of these figures, we have seen a drawdown this year on our account of up to $24,000 in floating open trades.

Going into 2010, the original FXDD account has been changed once more over to forex.com - although the same lot sizes will be traded, 0.3 lots. I would also like to set up a parallel account which holds the exactly correct sum of money as per recommended risk levels. Other than that the plan is to simply leave Robominer on true set and forget form to do it's thing.

Cyborg M5G
27 May to  2 September, Lost 25.3%, $63.13

We turned Cyborg off due to bad performance. I hear rumours that they have better settings now so this is one i would perhaps like to revisit in 2010 but in the meantime have been keenly watching other people's results.

Forex Shocker
19 September to 2 December, Lost 41.2% , $76.96

Forex Shocker worked great for many months on demo, but my live account just didn't match up to these results. This EA is very spread sensitive and it needs a very low spread, if you have preferential spreads with a broker it may be worth a try.

Forex Lexus
11 November to 2 December, Gained 20%, £40.31
11 December to 31 December, Lost 15.1%,  £30.28

Our first account had to be closed down because the new version of Lexus doesn't like 4 digit brokers (forex.com). We were advised to move it to a 5 digit broker, which we did from 11 December, moving to Alpari UK. Early days for this robot having only been on our accounts less than 2 months.

Forex Prospector (from Forex Goldmine, creators of Robominer)
8 September to 2 December, Lost 100%, £910.91

We were trading Forex Prospector on an account which was too small, hence it finally blew itself up when AUDNZD moved to extremes in its range. Although it takes different trades to Robominer, Prospector is based on the same theory/idea of mathematically trading the range. We decided to just eliminate this one and continue with Robominer in light of this fact. Whereas Robominer gradually builds up on the drawdowns over time, Prospector has a tendancy to move much faster and take you by surprise somewhat, which i have to admit was what happened in this case giving us no time to top up the account to the correct level to maintain open trades. Our experience with this account is relevant to anyone trading this robot or Robominer - and a warning about what can happen if you don't follow recommendations (!!)

Best Live Robots for 2010 - Which bots will win this year?

We are sticking with FAPTurbo into 2010. Once trading gets settled for January i would like to try experimenting with the other scalping pairs again to see if this years results can mirror the great ones we experienced in early 2009. 

Robominer - my friend has moved his high risk account over to forex.com and we will continue to follow his progress. I will set up another account of my own on low risk so we can compare.

Megadroid - Continuing for 2010, this is actually my favourite commercial robot right now although does need custom settings such as droid tactics. Default megadroid settings result in very few trades.

Lexus -  We will plough onwards with this one for another couple of months and see how things are at that point. All being well this one will make it through 2010 also. Unlike the three robots i mentioned above, i am not as confident in this one at this stage and it is to make a judgement.

There will of course be a lot of robots coming and going over the next 12 months, many will come through our doors for testing. Some don't even make it onto demos (as they are scams), the majority make it to demo but go no further. I would like to think we can add one or maybe two new robots to our live lineup this year although time will tell.



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Links

2009 Statements
FAPTurbo 1
FAPTurbo 2
Megadroid 
FAPTurbo Evolution
Robominer 1 & 2 (unavailable)
Robominer 3
M5G Cyborg
Forex Shocker
Forex Lexus 1
Forex Lexus 2
Forex Prospector
**note about 2009 statements - 'balance' at the end of each one may not be the correct balance as of the end of each of the robot's own  statements, it is showing the overall account balance as of today (3 Jan, NOT the balance as it was at the time the statements were produced**

Current LIVE Statements 
(updating stats pages)
FAPTurbo
Megadroid
Robominer (high risk)
Forex Lexus

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My FAPTurbo Settings This Week

EURGBP

REMOVED- no longer trading

EURCHF

Scalper_lotsriskreductor: 25
Start time: 18
End time: (default)
EURCHF takeprofit: 4
EURCHF stoploss: 35
Use customlevels: FALSE

USDCAD

Scalper_LotsRiskReductor: 20

Currently Using

Broker: FXCM UK
VPS Service: ForexVPS
FAPTurbo version 48

Any settings not mentioned in the list above are set as FAPTurbo48 defaults. Under each currency pair heading is a complete list of ALL settings i have changed from defaults for that pair.
Copyright © 2009 donnaforex.com
NOTE: ANY INFORMATION CONTAINED IN THIS EMAIL IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT FINANCIAL ADVICE.
U.S. GOVERNMENT REQUIRED DISCLAIMER - COMMODITY FUTURES TRADING COMMISSION FUTURES, CURRENCY AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON'T TRADE WITH MONEY YOU CAN'T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEB SITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.