The graph speaks by itself:
The ZuluTrade graph insteas is less “awesome” like the myfxbook one, because the maximum drawdown on a trade marks a negative peak, probably they did this modification to deter risky trading strategies…
…but on my ZuluTrade control panel I see the “right” graph
I opened a new live account with drcrck‘s breakout strategy.
If you have ZuluTrade you can follow the signal BreakON.
Since ZuluTrade doesn’t offer a precise way to calculate the risk, but has just that “risk-o-meter” that doesn’t mean much, I coded a calculator. Choose how much of your equity you can lose in an unlucky day, and it will tell you what’s the right size for you.
The account statement is also available on Myfxbook, by clicking on the graph below:
How it works:
Every day the system makes 6 trades, only 3 at the same time, no hedging. The first trade has a large take profit, the second a less large, and the third is tight, to lock the profit. Each trade has a fixed stop loss at 35 pips, limiting your losses. At midnight all the trades are closed, in profit or not: I don’t like to keep them open for a long time.
Finally I found the right way to do scalping on AAAFx and ZuluTrade, until now was impossible due to the high stop level!
I also added a slightly edited version of drcrck’s daily breakout strategy
. (What I changed is to “slow down” the order entry, because of a ZuluTrade limitation and to “flatten” the orders, instead to augment them)
I started on friday, 26th october, (so, please ignore the horrible results that I’ve got before that date: it were experiments), but the results I got are very promising!
The stop loss is set around 35-50 pip, the take profit is around 15 pip.
The signal is GBP Mania. (Even though I don’t trade the uk pound very often)
This signal it’s still in beta, I need testers to try it in demo, preferably on an unlimited demo account to see what happens with slippage.
For the last month I’m using the daily breakout EA with success. I do a little remark: it’s important to set the parameter “Ore di prudenza iniziale” (initial caution hours) at 2, in this way the EA will wait two hours before opening a trade at the usual time (11:00 UTC+1), with different results.
This is a week with default settings
This is the same week, but with two hours of caution
Maybe a week it’s not enough to judge, but I think it runs better, in fact it’s a suggested setting
by the EA coder.