Bot Updates

There have been a few emails, asking me how the Bot is going, so thought a quick blog post would be good, in reply.

March, until this week, has been very tricky with the odd NY AM PA and … well you know …  Things turned around this week with a 7% win on Wednesday and 20% yesterday. Not all the testers did so well on Wednesday, due to the differences with broker price feeds, but yesterday was pretty much the same across all the testers (I haven’t been told otherwise, at time of writing).

Here’s yesterday’s trade, reproduced using the Back Tester : ​

A couple of us have Bot attempting the FTMO Challenge - I need about 2% profit to pass.  We've been running with that since October, without failing the max DD etc., but have yet to pass in terms of profit. The Bot has had weekly changes, since we started, is running on a much-reduced %risk per trade, and we switched to using my Trade Copier, a few months back, as we saw better results when copying trades from Pepperstone to FTMO: FTMO spreads can be crazy plus the confluence levels are often very different.   Despite that, I've now passed three FTMO demo challenges. by Bot trading directly on their feed, here's the latest after just four trades, (to be fair, that was very lucky} The terrible consistency score is low due to small number of trades - I'm seeing 92% on the actual challenge.

A big shout out to Peter S, in our trading group - he passed the challenge yesterday, with Bot taking that fantastic trade, and he's only been running with 0.25% risk.
​Well done Peter !!!!

As always, I remain pessimistically optimistic.   December was great, January was ok, February was a DD month for some or a tiny profit for others - very tricky.  If this month closes in profit, I'll be less pessimistic, so fingers crossed 🤞 We are also still seeing different results across the different brokers that we're testing on.  It's very frustrating for me but will look at that in more detail, when time permits.

On a different note and just a reminder: you can follow me on BlueSky since I deleted my Twitter account - I'm posting daily reviews for DAX/DOW/NASD, if you're interested: @snormtrader.bsky.social  Would be nice if I had more than four followers :)

Hope the above answers your questions, to those who have emailed ...