Auto WOMP
I am familiar with Zulutrade as the best automated trading platform. So, I am planning to test Auto WOMP automated trading system and compare it with Zulutrade.
So all orders are closed for the week. I'm quite happy with the performance, although I could have made more pips with that EURUSD rally. Anyway, I have learned that sometimes you have to bank the pips and walk away - tomorrow the trade can turn against you. This is the end of week 10 I believe and still my strategy is going strong.
So far 5% for Jan, 10% for Feb and +- 6% for March so far.
See you all next week!
Have a great weekend!
Thanks to that rally on the EU my robot banked 60 pips increasing profits for March over 8%.
So yesterday I reached the 1,000 pip mark! Here are some stats about Auto WOMP:
- 77.6% Winning Trades
- Max DD $36.60
- Total Profit $253.75
Many people might say that a martingale type strategy will blow your account some day... and I fully agree, therefore let me explain why my auto trading strategy will never loose more than 20% on my account balance.
1. This is not a martingale strategy. It's a 4 level grid trader. It will open a max of 4 trades as a recovery method with lots increasing by 1.4 times ie: 0.01, 0.02, 0.03, 0.04. NOT 0.01, 0.02, 0.04, 0.08...
2. I closely monitor my account and will close all orders if I reach a 20% draw down or loss. This is not a set and forget strategy. In fact, I don't believe any automated strategy is set and forget.
This basically the 2 major reasons why Auto WOMP is performing the way it does - banking 5-10% profit monthly with a max draw down thus far of just over 14%, which is exceptable for me :-)
After 11 weeks this bot is chopping away the pips with 77% of orders closing in profit.
3 Days left until the end of the month and also the end of the 3 month test period for my trading strategy. I'm quite happy with the results, but will give more attention to the 14% draw down that acured during February. I do have a 20% safety net on this account, which means I'll close all open orders and stop trading if my account reach a 20% draw down.
Looks like the weekly optimized strategy is working as it gives the robot the edge to adjust to current market conditions.
My next goal would be to make it through the next 3 months.
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Auto WOMP is an automated trading system. I keep a close eye on all the trades and will intervene if needs be. I optimize the robot every weekend and I believe that has contributed to the success rate thus far.
I've been trading this bot for about 10 weeks now with pretty good results. Monthly ROI is between 5-10%. Max DD was 14% about 2 weeks ago. If I should reach a 20% discount I would close all trades. Rather take the knock now and give yourself the opportunity to recover later than to leave your trades open for weeks in a draw down only to never recover.
I have the bot set to sell on one chart and buy on another. This also helps to increase profit while one order/s is in draw down. Attached is my current performance.