PointBreak EA Forward Test - Week 4
Monday, 11th February, 2008
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.