Second week summary

This week the opened trade from last week was closed  in profit, and another trade was opened with low risk. The low risk mechanism is used to detect low risk situations, and then the expert advisors uses the low risk in the money management considerations. The low risk trade is still open.

First live week summary

Due to money transfers the expert advisor started only on Wedensday night. It started with two positive trades, which lasted about 36 hours. Afterwards another trade was opend.

The trading week is over.

Initial deposit: 21K$.

Status: Balance=23.3K$, equity= 24K$.

New version - 7

While I am getting ready to the live activation of my expert advisor I performed a few last (so I thought) optimizations, and a settings mistake led me to different settings with completely different results. The setting result was large targets. Since my expert advisor has special logic for closing the trade it compensates in cases of targets that are too far.

Since the change is far targets, I understood that trailing stop loss is  essential. That's how version 7 was born.

The new results are available here. Those results are remarkable, and I wish it will stay like that. 

Since I need more time to fine tune the settings, next week I will start live trading.

Last descisions before moving to live trading

I decided that I am going to run my expert advisor in live mode to trade automatically, without MBTrading. Why? I found a bug related to MBTraing API and it looks suspicious. If I, a simple API user, found a bug, it might be a sign for the future to come. I have a problem with Metatrader brokers (for example read it), but since my expert advisor has long targets it will be very difficult to bypass the market rates in order to make me lose. 

Also I chose an American broker since there are a few new limitations that protect the customers. I added a Skype dll to my expert advisor that will SMS me each time a trade was made or closed. I added global variables support in order to recover from shutdowns. 

That's it. I opened an account at the chosen broker, and I am going to start trading one week from now.