Mid-June Update

As usual, I can’t seem to sit still when it comes to FOREX EAs. For my live account, I’ve removed the Neuro-Martingale Stochastic EA trading the USD/JPY. Due to the high risk associated with any Martingale type strategy, it’s only a matter of time before it bottoms out an account. What’s fueling my opinion? This past week the Neuro-Martingale Stochastic set-up trading the EUR/USD crashed its account. This was the second chance with the lowest possible settings. I believe it’s only a matter of time before we see the same outcome of the USD/JPY set-up.

Mega Droid has been trading on the demo account since May 12th. As of this writing, June 9, it’s up 26% with 9.4% of that in May. All this growth with no losing trades. Very impressive.

Winning Solutions has joined us in the FOREX venture. Before making a plunge and purchasing the EA I’ve opted to test the EA for awhile utilizing the Bronze Account, offered at their website. This will allow me to run their system and only pay a low monthly fee. Time will tell if it’s worth it.

TSD finally reached a draw down level of 65%. That was enough for me to decide that it wasn’t worth keeping.

A late addition to the basket of testing EAs is My OZ FX Squeeze v3.1 found at http://www.tradingsystemforex.com/expert-advisors-backtesting/711-ozfx-system-ea.html. After backtesting, I modified the code to trade as low as 0.01 lots instead of the hard coded 0.1 lots. This will allow a far lower starting equity with less risk.