The Week’s Result
Well I had a pretty rough week.
FAPturbo seemed to do alright from a scalping perspective until I turned on the long term trading. My account just isnt big enough for that type of trading at the moment I need to switch back to scalping until I grow it.
Additionally, I tried some other EA’s that I found. Tail gunner and lucky. Both had mixed results. I found tail gunner to be successful on the 2nd and third entries of a trend but not on the initial entry. I will be moving that back to demo as it had a bit of a rough patch. I think I can use it as an indicator instead so I think that might be my strategy.
In terms of Lucky, 1 – the EA is not optimized for news releases. It had a rough patch and here’s what happened.
2 – the ECB chairman went on record as saying that he was not in favor of interest cuts.
3 – news releases happened for Euro yesterday that changed the trend from down to up
4 – this EA does well when the trend is up and down but stays in a range, yesterday look at EURUSD & EURGBP they went on a big uptrend
I’m going to continue using this EA but ONLY late in the day GMT and after the news volatility has died down and the trend is not a strong trend.
Still need to my analysis of fapturbo peformance and update the pip gain.
Ciao
David T
