Forex 24x7

Hi everyone. It’s been a while since I published my first Forex Overdrive performance update post, so I figured I’d update you all on how my testing is going with this EA. So far so good Forex Overdrive is now in profit by $6485 (starting account of $10,000) so my account balance is now up to $16,485. I can’t post the entire performance statement here as it’s HUGE, so here is but a brief excerpt and some useful stats: Account: 2622708 Name: alan Currency: USD 2010 August 31, 04:53 Closed Transactions: Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit 173022800 2010.05.05 02:22 balance Deposit 10 000.00 173067304 2010.05.05 15:00 buy 11.65 eurusdm 1.28670 1.28900 1.29220 2010.05.05 16:06 1.28900 0.00 0.00 0.00 267.95 173088231 2010.05.06 01:40 sell 11.99 eurusdm 1.28330 1.31610 1.28230 2010.05.06 04:54 1.28230 0.00 0.00 0.00 119.90 173124178 2010.05.06 13:43 buy 12.21 eurusdm 1.27500 1.27550 1.27900 2010.05.06 14:06 1.27550 0.00 0.00 0.00 61.05 173162898 2010.05.06 19:31 buy 10.55 gbpusdm 1.48430 1.48570 1.49280 2010.05.06 19:50 1.48570 0.00 0.00 0.00 147.70 173188320 2010.05.07 02:05 buy 10.70 gbpusdm 1.48500 1.48790 1.48950 2010.05.07 04:03 1.48950 0.00 0.00 0.00 481.50 173202556 2010.05.07 06:10 buy 11.29 gbpusdm 1.47070 1.47080 1.47300 2010.05.07 07:42 1.47080 0.00 0.00 0.00 11.29 173210099 2010.05.07 07:46 buy 11.30 gbpusdm 1.47160 1.47290 1.47810 2010.05.07 07:50 1.47290 0.00 0.00 0.00 146.90 173217634 2010.05.07 09:22 buy 13.20 eurusdm 1.27580 1.27800 1.28680 2010.05.07 10:43 1.27800 0.00 0.00 0.00 290.40 173220416 2010.05.07 10:05 buy 11.08 gbpusdm 1.46040 1.42760 1.46290 2010.05.07 10:06 1.46290 0.00 0.00 0.00 277.00 173220527 2010.05.07 10:06 buy 11.42 gbpusdm 1.46330 1.43050 1.46580 2010.05.07 10:27 1.46580 0.00 0.00 0.00 285.50 …………………. 180815434 2010.08.30 14:15 sell 19.42 eurusdm 1.26901 1.26874 1.26155 2010.08.30 14:46 1.26874 0.00 0.00 0.00 52.43 0.00 0.00 -97.55 6 583.02 Closed P/L: 6 485.47 Some additional stats: Profit Trades (% of total): 134 (97.10%) Loss trades (% of total): 4 (2.90%) Expected Payoff: 47.00 Profit Factor: 1.47 Maximal Drawdown: 11 228.15 (81.48%) The maximal drawdown is way too high in my opinion. I mean I’m in profit but bringing the account nearly to its knees is not cool at all. None the less it seems trading is going rather well for this EA so who knows maybe that drawdown was a fluke related to the recent market volatility. I dunno, further testing is needed – meaning for a longer duration – to flush out the truth. If you wish to share your opinion or join in a discussion regarding this EA you can do so at the following forum thread: http://www.forexrobotsforum.com/showthread.php?t=29 That’s all for now. I’m probably going to have another update on this EA’s performance posted in about 2 to 3 weeks from now. Happy trading everyone! Cheers, Alan Share and Enjoy: