First week back in action and I had one winning trade and one losing trade. As per the past experience, the losing trade was larger than the winning trade. This has been compensated for by the 70-80% winning percentage. At 50% I am down 1.3-1.4%. I have 3 positions open and all are in a draw down position. While not excited about this, I will see where we go from here.
Well, XPP has had a terrible January. It has booked 8 losers and 2 winners. Hardly the 70% winners it was showing before. The net loss was about 10%, so was well below the 3% limit that I set for risk per trade. One of the losses was only about 5 pips, so there is some adjusting of SL's going on as the market progresses. I have seen a number of profitable systems have trouble in the market the last month, so I will continue to monitor and see how things progress.
My verdict is in. I have pulled the plug on XPP. I have taken off all charts and canceled any further updates. It has failed to turn things around in February. It's last real good month was August. That is too long ago. I had high hopes, but since the first of the year it has not been good at all. I need to focus on other options, so ciao baby.
Rollieroger
PS Perhaps this was really just another one of those 500 EA's that the promoter bought and threw in the junk pile. I suppose selling it he made up for some of those losses generated by inferior systems and the cost of bogus EA's.
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Signing off
I had high hopes, but since the first of the year it has not been good at all. I need to focus on other options, so ciao baby.
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