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During week 5 PointBreak closed just 73 trades generating $95.30 profit inclusive of swap. However there is a large open loss of over $3000. In week 6 the situation improved a little with 75 more trades closed and $69.27 profit added to my account which stood at $26,145 and the floating loss was down to $2,739.96.

PointBreak definitely closes trades with profit but in the process may accumulate floating losses when the market is ranging. The point here is how the system withstands the ups and downs of the market and doesn’t collapse before the new trending market resumes. I guess I’ll have to observe the results and behavior further before I can be more confident in trading the ea live.

This week PointBreak closed just 94 trades generating $153.84 profit inclusive of swap. My account balance now stands at $25,980.50. However there is a large open loss of over $1500 out of 40 open positions.

EURUSD looked trapped in a wide ranging market condition. At first the positions tilted or “skewed” to the long side. But since the market kept moving south, PointBreak started adding shorts and eventually skewed to the short side. Now EURUSD is moving back up again.

I’m forced to delay my plan to switch on my live trade with PointBreak for the time being. In the mean time, Forex Hope has released a new update of the bot. According to the author’s email, the new release fix lot-size problem on M cycle and add 3 new parameters for M cycle engine. I’ve updated my live chart accordingly.

This week PointBreak closed 213 trades generating $427 profit inclusive of swap. My account balance now stands at $25,826.66. The open loss for this week is $581.10 out of 10 open positions.

PointBreak did what it’s expected of doing, i.e. closing trades with profit. This was by no means a straightforward affair. At one point there were about 95 open trades and over $1,200 floating loss.

After the profitable closes I noticed PointBreak started new positions at bigger lot sizes supposedly a work of its money management engine.

From observing its behavior over the past few weeks, I’m much more confident with the bot and will go live next week.