Forex Bling Statement
The following is the REAL Statement published automatically by MetaTrader where Forex_Bling is running. So far the robot is running in a demo account, since it is still brand new. The report will be automatically updated every hour since this is a pretty active robot.
Initial demo account balance is $500. We will investigate the robot profits, the drawdown, and most importantly risk management by the robot.
Note: Due to an early bug in ThunderBolt – see this post – Forex Bling Update, the account went down to by -$200, so realistically we started the real test with $4800 balance, However I did not started the demo test from scratch since there were some trades by the other robots.
Also since 16th September, I changed the lots sizes as follows so as we identify which trades are of which robot. They are all running in one account, so it was a bit confusing. Lots are as follows:
Thunderbolt EA: 0.3 lots
Freedom: 0.1 lots
Evolution: 0.15 lots
Fractals: Most often under 0.1 lots since you can’t modify the lots of this robot.
Forex Bling Statement
Forex Bling Setup
I have setup Forex Bling on a $5000 demo account and we will see how it goes.
I have left all the default settings for every robot.
From what I have seen, all the settings available are pretty straight forward. What is a bit annoying is that you need to input the confusing GMT Offset Settings. But anyway, the rest is pretty straight forward.
Keep Tuned, this can be a great robot.
Forex Bling – First Trades
Posted by Forex EA - Jason on September 8, 2009 · Leave a Comment
Notice the violent up trend - 15min Bar Chart
I just woke up and checked how our new Forex EA is doing. Well we are around -$100 down – not a good start.
Analysing what happened, Forex_Bling did pretty good trades during the night, but this morning the market got crazy. ThunderBolt which is a grid trading robot, closed most of its trades at a loss due to the violent up trend that occurred in the market within an hour or so and kept going up for a couple of hours. Of course a grid trading robot is not adequate for such reaction, hence the losses. At least the losses are not huge and are around $25.60.
Looking at the screen shot on the left, the chart is 15 min chart. The red / green arrows indicates where Thunderbolt was trading. As you notice this EA is excellent for choppy markets, or in other ways, pairs that are not trending, or that. I bet AUS/NZD and EUR/CHF can be good pairs for this robot.
Anyway, I am not defending in no way Forex Bling – you know how blunt and critical I am at these robots and in all my reviews, but I am just explaining why we have started with a loss. On the contrary then Freedom Robot which is a trend robot, produced a good trade of $48 profit confirming what’s its main duty is.
For next time, keep following this interesting robot.
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