Second week of Megadroid and Topbot

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)

Megadroid as usually is less profitable than begging on a blind alley, making less than one euro in three weeks. (And this is ridiculous, if you consider that with my risk settings I can lose 25 euro with a stoploss). Where are the millions that they are promising on their website? And I was complaining that keeping SteadyWinner enabled wasn’t worth…
TopBot worked well, except for that unfortunate trade on EURUSD….
On ZuluTrade instead I am at the same level of january, what some providers make, others are losing, and so on…

Greediness it’s a problem

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.

If you have a job, don’t open manual positions

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.

A bitter Christmas

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,

Improved backtesting feature in ZuluTrade

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:

oops…. (the account died for insufficient equity)

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…