Summer is here!

Summer in the Yukon is definitely the best time of the year. The snow is finally gone and the sun is finally here. Bring on the summer events! Here is a snapshot of my Dad, Daughter and I getting ready for a lazy afternoon in the canoe. We endure the winter to get to the summer. This is Kusawa Lake, about a 45 minute drive from Whitehorse, Yukon.

Now for some Trading News. There have been a few changes to the current EAs being tested. The Neuro-Martingale on the USD/JPY is doing quite well. May has been a great month for this trading system. I'll be posting the month end numbers in a few days. The Neuro-Martingale on the EUR/USD has seen some good action this month as well. Again, the month end numbers will be ready in a few days.

I have deleted the demo account trading the VForce and Neuro-Martingale as it fell below 50% draw dawn. As for the lone VForce trading system, it is currently below the starting balance.

I had high hopes for the TSD EA from TSD Forex Forum. It was off to a great start skyrocketing almost 20% in the first few weeks. But the current account level is down almost 40% from starting balance. Quite disappointing.

I picked up another interesting EA to add to the testing. It’s from www.expertadvisorforex.com. The Your Lucky 2b EA is a free Automated Trading System available through the link at their website. No strings attached. This one too was off to a great start but has since fallen into the negative ROI zone.

On a better note, I took a plunge and paid for an EA. This doesn’t happen very often and even goes against my logical thought process. But I gave into a few hours of Internet research and back testing. At the end of it all, I put down my $97 and purchased the Megadroid EA. It's been on a demo account since the 12th of May so let’s see how it does.

I have so much confidence in the Megadroid EA (www.forex-megadroid.com) and Neuro-Martingale EA that I opened a live mini account of $200 at Interbank FX. Both of these trading systems are trading on the account at a reduced risk/equity ratio. Time will tell how well this combination does. So far the Megadroid EA seems to be very selective. Only managing 2-4 trades a week.

Changing of the gaurd

It's been way too long since my last post. There have been some changes in the rankings of decent trading systems as well as some fall out. And we ahave a newbie to add to the rankings.

Firstly, the Neuro-Martingale Stoch set up on the EUR/USD mini account of $400. This set up was doing really well. Since March 6, 2009 almost 32% ROI. Along with another Neuro-Martingale Stoch set up on the EUR/USD standard account of $5100. Again this set up was doing realy well with 88% ROI since starting December 8, 2009.

Both of these set ups for the EUR/USD failed a week ago. This shouldn't be a surprise due to the nature of the Martingale beast. If the currency pair takes a hard swing in the opposite direction while the Martingale is activly taking trades (Indicator initiated) then there is the chance of bottoming out your account if the trend doesn't pause for correction. It's in the correction that the Martingale shines.

On a lighter side of the Neuro-Martingale Stoch, the USD/JPY set up is still pushing farward with a ROI of 5.5% since March 29, 2009 (5 weeks) and virtually no draw down on the account. I have since reset the Neuro-Martingale Stoch on the EUR/USD Mini account with a third of the original lot size.

VForce EA isn't doing so well. It was showing alot of promise for the first half of it's life on the demo account but at present it has given back all profits and then some. Of course with these developments the combo account (VForce and Neuro-Martingale Stoch) isn't doing so well and presently sits at a loss of over 50%.

On the up side I have begun testing on a little gem from the TSD Forex Forum called TSD EA. It simultaniously sets up trades on 11 currency pairs. Or you can edit the code for more or less pairs to your liking. This one just went live a few days ago and comes from a long line of testing and development, so I'm anticipating a long a prosperous life on the demo account.