Hey there everyone!
Sorry again for the lack of posts. A lot of things have been going on in my life lately.
As you are probably aware, I am creating my own Forex Trading robot and it is very exciting. At the same time, I know I’m not the best Forex Trader so I am also testing a lot of different Forex Strategies, which are as follow:
- Ichimoku: A Japanese strategy created by Goichi Hosod. Testing it on EUR/USD and GBP/USD on the 4H chart.
- Hans: Strategy created by, well the name says it, Hans, which has been spreaded on multiple Forex forums. It uses the Pivot system (even though I had bad luck with the Pivot system in the past), it seems to create good results. I am resting it on the EUR/USD, GBP/USD, USD/JPY and USD/CHF on the M5 (5 min) charts.
- RoboMiner: A commercial Expert Advisor (offered free for a Demo account) which uses the “Grid” technique. Again, not a big fan of the “Grid” technique as there are no Stop-Loss used but it seems to be very profitable for a lot of people. Used with AUD/NZD.
- My personal Strategy version A
- My personal Strategy version B
Two versions with two different settings. I will share how the strategy works if it becomes successful, for now it’s a secret
.
These strategies are all tested using 0.1 lot at a time (for each currency).
I have started testing Ichimoku, Hans and My Strategy A and B since April and started Robominer in the middle of May. Let me share with you the results:
For the month of April, my results include all the currencies combined, but starting this month I will post with all the different currency pairs to see if there are pairs that are more successful than others. So, the May Results will be a lot more detailed, but I will still give you the ones for April:
Ichimoku: -658
Hans: 109.84
My strategy A: -1392.99
My strategy B: 76.27
So only Hans and My strategy version B were positive. Strategy A got disastrous Stop-Loss at the end of the month and Ichimoku seemed to open a lot of bad trades.
Let’s look at May 2009:
Ichimoku EUR/USD: -523
Ichimoku GBP/USD: 171
Hans EUR/USD: -96
Hans GBP/USD: -111
Hans USD/CHF: -160.63
Hans USD/JPY: 232.51
RoboMiner: 559.84 (one position floating at 1.28 as well)
My strategy A: 64.33
My strategy B: -18.43
I think that Ichimoku can only be profitable with GBP/USD at this point. I will let both currency pairs run for a few more months and decide from there if I only want to keep GBP/USD.
Hans is also very dissapointing, except for USD/JPY which is very surprising and comes in 2nd place this month.
Robominer just blows my mind. 100% win. Of course, like I said, it’s a gridding system but like I mentioned I only have one floating position right now, and it’s positive.
As far as my strategy, the results are not that impressive. It might need some tweaking. Strategy A’s profit definitely don’t account for the losses from last month and Strategy B is still making a small profit if you account last month’s results.
That’s it folks. I will try to keep you posted on a weekly basis instead of monthly from now one if I have the time.
Write a comment