No luck in manual trading

The EU short got the stop loss. My recent manual trading has no luck at all. It's one of these days, but I can confess that the EA I run on my several brokers surpass my manual trading.

Short on EU

I've gone short on EU.

USDCAD Long

Recently, I like trading AUDUSD and USDCAD. Those pairs tend to go one-sidedly and relatively easy to catch a right timing. USDCAD has shown a bit of sign of reversal, however, it is just a sign and no one knows if it continues to go up. But, you know, without taking a risk, nothing happens. So I ride on it, knowing it may fail.

USDCAD SL Hit

My USDCAD position hit SL with 67 pips profit. This was just another good trend-line breakout trading.

NFP is coming soon and my trading is over for this week. I have disabled my EA, too.

USDCAD SL Moved

I've modified SL for USDCAD. Even if it retraces back, I would still be able to lock in 60 pips.

USDCAD

I've taken a short position of USDCAD on the break of a trendline.

AJ day!

Today is a massive day of AUDJPY for WSFR. I use EURUSD setting for AUDJPY. All four short positions turned to be winners in several hours.

USDJPY and USDCHF

In my previous post, I wrote USDJPY and USDCHF could be good pairs to trade with Wallstreet Forex Robot. But further backtesting has indicated that those pairs were somewhat questionable. If better than nothing can be deemed as good, then those are good. But further testing has to be done.

Recovery Mode

In the previous post, I wrote about Recovery Mode. But for those of you who don't know what it is, here's the simple explanation.

If you enable Recovery Mode, it will increase your lot size by about 10% after you take a loss. This 10% increment continues until your loss is recovered. But there is a parameter called AutoMM Max. If you set it to 20%, then the max risk is 20% even if Recovery Mode is enabled, and Recovery Mode stops increasing the lot size after 20% risk is reached.

After the max 20% risk is reached, your position risk is always 20% until you get fully recovered.

Recovery Mode is not martingale function as it's increment is only 10% at a time and the max is 20%. So it's very safe, and make the equity curve drastically smoother.

Backtesting Again

I've obtained tick data for 99% modeling quality, recently, and start backtesting Wallstreet Forex Robot Again. WSFR is almost forgotten by now. Last summer, this EA has taken consecutive losses and drawdown period had last about three months. Although the bot has nicely recovered after that and ended with a profitable year, so many people, including me, has stopped using it and moved to other EAs. So I decided to keep this EA for at least three years with serious money.

Why backtesting WSFR EA again? Well, I aim at better compounding results by finding as many profitable pairs as possible. So far, the pairs below are the potential pairs.

GBPUSD
EURUSD
AUDUSD
AUDJPY
CADJPY
USDCHF
USDCAD
USDJPY

Many people believe GU and EU are the only worthwhile pairs to trade for WSFR, but I found some very interesting fact recovery mode.

Pair        Setting     Capital  Risk  RecoveryMode   Result
AUDJPY  EURUSD   $1,000   10%   False               $4,799
AUDJPY  EURUSD   $1,000    5%   True                $9,320
(Period: Feb.8,2009 to Feb.8,2012)

See? If you enabled Recovery Mode, you would have made it doubled while risking only 5%. I've set AutoMM Max:20%, so the max risk is 20%, but it's acceptable according to my backtest. Moreover, RecoveryMode made the equity curve smoother.

However, this doesn't apply all the pairs.

Pair         Setting  Capital  Risk  RecoveryMode   Result
EURUSD  Default   $1,000   10%   False               $37,458
EURUSD  Default   $1,000    5%   True                $11,811
(Period: Feb.8,2009 to Feb.8,2012)

For a pair with already high winning ratio, RecoveryMode is not so effective. Of course, if you compare with the same 10% risk, it would be a different story. So I'll have to keep the backtesting going and find out which pairs to trade, which setting should be used, and whether RecoveryMode should be enabled or not.

EURUSD short

I've taken a short position on EU.