Forex Robo Trading

Posts Tagged ‘account blowout’

The Good Bad and the Ugly

July 10th, 2009

While I enjoy publishing good Forex EA results and nothing is more exciting than watching a robot pull in winning trade after trade, completely on auto-pilot… Well at least when it is real money but for demo accounts it is still more exciting than watching paint dry.

However I’m not here to just show you the good results, there are some bad ones and downright ugly ones too. Seems Gridbot just blew out my demo account and shut itself down. Well at least it shut itself down before wiping out completely. It will take a little time to figure out what went wrong here and I’ll fire an email off to support just to make sure everything was setup correctly.

Although it is not entirely obvious from the Metatrader result page, actual trades began on June 15 but most of the account loss occurred in less than 3 days. When I have my live trade results software up and running, this will be much more transparent but for the moment, we’ll have to settle for the Metatrader detailed report graph.