Here we are at the second week of Megadroid and TopBot (for Megadroid actually is the third week, but during the first it didn’t do anything)
I knew that it was risky to choose some signal providers.
But they showed so nice profits!
I calculated to double my capital every 3 months with this signals… too good to be true?
Yes, too good to be true.
The reason of that they were so “winning” it’s that they never lose... they continue to buy and buy losing position until they are winning.
Moral: I wiped the profits made in the last 3 months.
I already got a similar experience in demo, but with virtual money you don’t get the same lesson and experience that you get with real money.
I remove every “get rich quick” signals like Gainers-Mx, GOLD MAX FX, ap-zulu and Thirty Pips, I replaced them with other signals with a decent money management, and I am ready to start again!
Yes, some of this systems win only in 30% of the cases, but with the right money management, they are much safer and profitable than the “100% winning” ones.
In these two weeks the dollar has continued to rise rather than fall. (I mean: EUR/USD is rising, so it’s the EUR that’s being stronger than USD)
The problem is that almost every signal that I’m following is selling, so is “betting” on its descent, causing huge losses …
What will do the dollar? Will rise again?
How were the first weeks of the year?
ap-zulu with its aggressive (but dangerous) strategy, recovered its losses and also the High Profit Factor ones.
Forex Cruise Control managed to almost recover and the other provider did the rest!
And for that “little” ZuluTrade blackout problem, everything ended fine.
Today I had the bright idea to open positions during work hours.
Immediately after opening, here comes one of those customers who want to know everything about everything, which keeps me busy for hours.
When I returned to the computer, the position was a net loss.
Moral: let do ZuluTrade the hard job if you don’t have time to sit back and watch the prices.
This morning ZuluTrade is closed for maintenance!!!
What the *uck???
I have several positions in loss, with the website closed this can become an economic disaster!
Will they refund investors?
And trading starts again!
I hope to get better results than december, ended badly.
I have a new strategy, testing in a demo account, it looks very promising, let’s see how it will perform in january, then I will decide what to do.
Today I learned that on 26th december the market is open.
The trading volume is lower and it’s unpredictable, I lost 30 euro.
I should have disabled every signal provider for the holidays…
The last weeks were useless, I complained on this blog.
Then, on Monday, the north korean leader died, signals operating in asian market times acted crazily, both Forex Cruise Control and High Profit Factor, went down a lot…
Why? In my opinion this is due to the new compensation policy of ZuluTrade: if the month ends in a loss, the provider won’t get commissions.
Since both providers made just 150 pips in December, closing the positions would have meant renounce to a lot of money to both… they preferred to keep them opened, betting on a raise.
Forex Cruise Control kept them open until today, closing in loss, but trying to end the month positively, opening other 5 position “outside the usual” (so my account did not open them, due to the 3 positions limit that I gave); High Profit Factor kept them open for a while, closed them, and, even if the market had low liquidity, opened new positions and closed them in loss trying to recover the commissions!!!
In the end I lost 50 euro.
ZuluTrade, thanks for changing the policy. You say it’s to protect the followers, but it’s obvious that you just want to make more money,
ZuluTrade today has updated its backtesting platform. Just go in the account settings and press the new Backtest button on the top.
In comparison with the old feature, it’s slower but it’s much much more accurate, you can set different time settings, different take profit and stop loss points, different providers and so on.
So, this is a simulation of some settings that I can set:
60k euro in 6 months! Unfortunately it’s not my real configuration… haha… ha… (no, I don’t have 5k euro to waste in an experiment)
Instead, my real configuration is this:
edit: there is something wrong, backtesting 3 months with my settings gives me incredibly high values – too different from the results that I got in 45 days…