I've got some new EAs and some impressive crash and burns for you.
First, the new volunteers.
On a
LIVE account...
Leo Trader Pro
Leo Trader volunteered a while back, but it wasn't compatible with the FPA's Linux VPS. The FPA is now using investor access to monitor a real money account being run by the people at LeoTrader.
One demo accounts...
Fractal Pterodactyl from ForexRobotTrader
Risk Diversifier (see note below)
Winning Deals EA
I'd like to thank all of these companies for volunteering.
EA Prof was restarted. They told us that initial broker selected by the FPA wasn't compatible with the strategy used. So far, the new account is doing much better.
In the crash and burn, I have two sets. First, the normal ones...
The FPA had only been monitoring the
Risk Diversifier account managed by the company for a little over a week, but the account had been running for 3 weeks. It was making a profit. It experienced catastrophic losses on May 5th, ending with less than 1% of the initial balance.
Another monitored demo was running on Forex
CyberTrade. Performance had been fairly flat for over a month and then it lost over 99% of it's balance on some EURUSD shorts.
FxFurious was trading on a live account. The graph shows 2 periods of profit, each followed by a large drawdown. The second drawdown finished off most of the account balance.
And now the precious metal issue. Gold and Silver have been making very large gains for some time now. Even if this continues, right now the market has pulled back hard.
Gold Expert Advisor hasn't crashed, but is sitting on a very large drawdown.
Forex Gold Trader had been making large profits in both gold and silver. On May 5th, it lost over 98% of the account balance in a margin call.
Both of the metal EAs only made buy trades. While gold and silver were in a strong upward move, this wasn't a bad strategy. Now that there is a downtrend, one was margin called and the other is in serious loss.
I am impressed that the owner of Forex Gold Trader
posted this in the discussion thread for his product...
Hi,
I am really sorry for FPA Tester account loss and all members. :unhappy:
XAGUSD has dropped more than 30%, it never happened before.
Also XAGUUSD value at FXPRO (tester account) is too expensive.
1 lot XAGUSD value $50 per pip
1 lot XAUUSD value $10 per pip
Btw, we have added sell function on Version 3.0, which we will release it on monday.
Backtest result from January 2010 - May 2011 attached.
We still backtesting and optimizing it.
Thank you
Faiz
Making the product be able to function under different market conditions will be a major improvement. I hope that the FPA can get a copy as soon as it's ready so that it can be tested.
There is one other feature that links the problems with all of the metal EAs and the forex EA failures I've listed. None set stop losses on trades.
and the only thing I had to setup was the leverage, easy.
