My Forex Strategy Changes

Last Week's Balance Curve - Click Graph for Detailed Report

As you can see, there is a nice big drop at the end of last week's balance...

This is because I closed down my AUD / NZD strategy and couldn't be bothered with waiting for the draw down to recover again :D

Another strategy I've closed off is the modified MD, I'm back to normal MegaDroid, as it turned out that it only trades during predictable times for a reason :D

--------------------------------------------------------------------

New EAs

LMT Formula

I'll be trialing the LMT advisor, beginning this week, and if it works out well, it will be my new norm.

I'll be running this strategy on:

USD/JPY H4

GBP/USD H4

EUR/USD H4

Euro-Blaster

I've been optimizing the Euro-Blaster, and I'm quite excited to throw it into my live list!

I believe it to be more profitable then MegaDroid AND as consistently successful, if not more.

BUT, the key is to have the right settings.

Default settings are not very good at all, but with adjusted time periods and TakeProft / StopLoss levels, it becomes an absolute Euro Blaster!

A trading period of 18:00 to 22:00 seems to be quite successful.

Pair that with a StopLoss of 200 and a TakeProfit of 25 on the EUR/USD 5M time frame, and you have a killer robot.

--------------------------------------------------------------------

INs and OUTs

Out:

• Modified MegaDroid (Impulse Day Trading):

Very Unprofitable, Even After Numerous Optimized Strategies...

• AUD/NZD Strategy:

Not Enough Equity to Handle Any Unexpectedly Higher Draw downs Will bring it back when GoTrader's margin is better and when I have a larger account size.

In:

• LMT Formula:

USD/JPY H4

GBP/USD H4

EUR/USD H4

• MegaDroid v1.11:

Version=1.11 Stealth=TRUE Aggressive=TRUE GmtOffset=2.00000000 AutoGmtOffset=TRUE RiskLevel=0.30000000 RecoveryMode=1

• Euro-Blaster

TradeStartHour=18 TradeEndHour=22 MaxOrder=5 TakeProfit=25.00000000 StopLoss=200.00000000