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From the daily archives:
March 13, 2010
Two matches today….
Mumbai Indians vs Rajasthan Royals
Profit: £6.37
Kings XI Punjab vs Delhi Daredevils
Profit: £4.28.
Bank: £1016.43
Profit to date: £16.43
After yesterday’s loss, two profitable trades on the day, and two more matches tomorrow to try and build on those.
0 commentsMarch 13, 2010
Todays results were as follows:
Selections: 4
Winners: 3 (one non runner)
Losers: 0
To Staking Plan:
Profit at Early Prices: £7.13 (to date -£20.71)
Profit at 2”² to off: £4.75 (to date £24.04)
To Level Stakes:
Profit at Early Prices: £28.50 (to date -£63.50)
Profit at 2”² to off: £28.50 (to date -£87.70)
Following last Saturday’s full house, another one today, but long prices mean the staking plan shows smaller profits.
0 commentsMarch 13, 2010
13/3/2010
The bots had a bad week, which demonstrated the danger of the Martingale approach to loss recovery. After almost three weeks of solid gains, taking us up to nearly $900, we met with the inevitable losing run, which, despite trading 32 minilots in a sixth trade of the cycle, which fortunately won, we still lost over $600, leaving the overall harvest for three weeks at $73 and some cents.
This has made a mockery of my thought at the outset that one could operate these bots with a bank of $300. Bearing in mind that five losing trades is not uncommon and there is no reason to suppose that there could never be another cycle such as this, possibly even back-to-back, I feel that $3000 would be more appropriate if you intend to give this a go. 32 minilots multiplied by the stop loss of 30 is a very considerable risk whatever bank you are running – and that trade could have lost, leading to the next at 64 minis and so on. This is a recipe for disaster.
P/L/ this week -$260; Overall P/L +$73
15 trades this week, 6 winners
Strike Rate 40%
I will carry this test on for the final week and summarise then.
0 commentsMarch 13, 2010
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