My £10,000 demo account has been blown and this has caused the bot to miss some trades this week. I have attempted to replace the trades it missed manually.

Looking back £10 per pip fixed stake on a £10,000 account where the stops are around 80 pips was way too much risk (8%). More sensible is a risk of 2% or less; which means I needed a starting bank around the £50K mark for £10 per pip not £10K.

I have reduced the lotsize to £1 per pip and hopefully this will last for the remaining 2 weeks of the trial.

Week 9: -242.10 pips for £ -1617.00
Overall:  -885.40 pips for £ -8050.00 with an average stop of 80.2

Using a £2,500 starting bank and 2% risk, the balance stands at £2,028.12

 

Open Time Type Currency Price S / L T / P Stop Pips
2012.10.10 10:28 sell usdcadsb 0.97761 0 0   -200.10
2012.10.24 05:00 buy gbpusdsb 1.59404 1.586 1.598 80.4 38.70
2012.10.24 12:31 sell gbpusdsb 1.60068 1.6087 1.5967 80.2 -80.20
24/10/2012 06:00 BUY GBPUSD 1.594       -40.20
25/10/2012 17:30 SELL GBPUSD 1.6137       39.70