Big Changes

Hello Traders,

I've made a lot of changes to the current ongoing EAs in testing. In an effort to streamline and get rid of some obvious losers, I've deleted a few.

First off, YukonFX EA. Yes you read right. I deleted my very own baby. Nurtured in development for 6 months and backtested since 2000. It depended on average monthly movement and positive swap. Neither of which are a given in the emerging markets of the past 5 months. Due to overexposure (it was a grid system at heart) and low swap, I've made the tough decision and deleted it.

I had some difficulties working out position size in the Neuro Martingale Low rist settings. Even though it did very well in the backtests, in live trading it took positions almost ten times the size of it's higher risk big brother with high risk settings. Opposite of what ought to have happened. This prompted me to investigate further into the behavior of the two set files. The conclusion is there is only room for one Neuro Martingale in testing and it goes to a further refined low riskversion I like to tag "Endurance".Steady as she goes.

I've added a version of the Double Parabolic EA as well. It seemed to test far better in the long run for backtesting. This entire experience has shown me that backtesting is only good for a ball park estimate of system performance. Nothing beats a good'ol fashioned farward test on a live market to really get to know the EA.

In addition, I've added another EA to our bunch. The AlexCutBastem EA. Like God's Gift EA, it is very selective, but proved itself well in backtesting for the past two and a half years. Time will tell.

God's Gift revisisted

This past week God's Gift took one really bad trade and lost almost 60% of it's account. This has prompted me to do more backtesting on a greater length of time and include a hard stoploss to avoid a 60% drop in equity in one trade.

So as of this week, the demo account has been reset to $5100 and the EA restarted with the new settings in pace.

Updated Website

I've updated the website to reflect how the Trading Systems have done for the month of December of 2008. There is definatly some distinct favorites depending on the Risk to Reward Ratio one is willing to tolerate.

As well, I've added a variant of the Neuro-Martingale Stochastic. I've been working at squeezing out every thing I could from this little gem of an Expert Advisor for a two year backtest. I believe I've arrived at a pretty good setting. So it is now included in the Trading System lineup.

It occured to me that testing a basket of Trading Systems like this will reveal the higher risk and lower risk Systems with thier obvious benifits. One could tailor a FOREX portfolio based on these Trading Systems. If there is a high Risk Appetite then a larger portion of the overall portfolio could be dedicated to the higher risk Trading Systems.And likewise for the lower Risk Apetite inclined.

All the best in 2009 and may the best Expert Advisors be evident.