Forex Grid Robot

Just thought I’d make a quick video showing Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is a little down from its high of last week. However just looking at the balance is quite misleading, as there are many trades that were still open at the close of trading for the week. I believe a more relevant number to look at, is the current equity balance, which currently stands at $8059.24. After all, if I were to have manually exit all the positions, this would would then be represented in the account balance.

It is unfortunate that the Metatrader platform isn’t able to include the equity balance in it’s chart for the detailed report. This, along with the account balance, would provide a significantly better profile of the trading performance.

To illustrate my point, I’ve decided to plot onto the chart produced by Metatrader, the equity balance at the end of each week. Each red dot represents the current equity balance at the end of each week. The green line is simply to illustrate an approximate equity balance curve. Of course the only equity balance data I have, is from the detailed weekly reports generated by Metatrader and I’ve only been producing those once per week. It would be nice if a plugin were available for Metatrader that could log the equity balance and produce a detailed graph with the push of a button.

You will notice the red dots are not evenly spaced, this is because Metatrader plots the x axis on a per closed trade scale, not on a unified time scale. So the distance between the 5th and 6th red dot from the left, is just 1 week. That was the week before last week, which was a very active week for Gomega Xray. During that week, the large discrepency between the account balance and the equity balance became abundently clear. While the account balance fell for much of the week, the equity balance was flux but generally rose. Which would suggest the equity balance is a fairly good indicator of the future account position. This also makes sense as the equity balance includes the current open positions, many of which are likely to be closing in on their profit targets. Of course when you have the sofware trading right in front of you, you can see this phenominon in action. Which is what initially motivated me to make the above video.

Click Here for my Gomega GBPJPY Review to see Gomega GBPJPY in action