After more than a year of live testing this robot, I realised that a series of losers led to deep drawdowns due to an "upsize" module whenever the position is on the losing side. When we hit a winning streak, we may not trigger the "upsize" module. Effectively, all losses are double in size, while the winners are mostly of single size. This is poor money management. The modified robot now trades without the "upsize" module, with performance links on the widget.
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The Balanced Bot is designed to be used with brokers with bid-offer spread of less than 1.6 pips. Therefore commission or other fees have been left out of the statistics. My view on spreads affecting the robot is that the good trades (limit orders) are less likely to get filled, while the bad trades shoot right through to the stop-loss. Also, when locking in profits and shifting the stop-loss, wider spreads easily trigger the stops to close out the position. Therefore, I will prefer to have tight spreads and pay commissions, to ensure that the robot works according to its design objectives. When testing with higher spreads, the robot experiences more drawdown, and profitable trades riding on the trend get kicked out prematurely, leading to poor results.
All tests have a starting capital of US$10,000, using the default settings of the Balanced Bot 1.0, trading the EURUSD currency pair. In summary, there are 3 losing quarters out of all available data of 41 quarters. The minimum annual profit was during Year 2008-2009 (123%). Compounding all the way from Year 2000-2010 (10 years, excluding the 2010 first quarter), a theoretical investment of US$10,000 grows to US$18,343,690. All test reports are available with records of the date and time of Entry, Trade Modifications, Exit, Profit/Loss, etc.
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2000 | $ 30,529.90 | 222 | 46.4% | 17.3% | 28.9% | 305.3% |
| 2000 Q1 | $ 585.30 | 65 | 49.2% | 28.9% | 28.9% | 5.9% |
| 2000 Q2 | $ 4,031.42 | 47 | 44.7% | 20.0% | 20.0% | 40.3% |
| 2000 Q3 | $ 7,761.56 | 59 | 44.1% | 19.6% | 19.6% | 77.6% |
| 2000 Q4 | $ 7,673.70 | 47 | 46.8% | 16.6% | 16.6% | 76.7% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2001 | $ 26,300.33 | 223 | 46.6% | 24.3% | 27.7% | 263.0% |
| 2001 Q1 | $ 7,528.33 | 52 | 50.0% | 27.7% | 27.7% | 75.3% |
| 2001 Q2 | $ 4,448.81 | 56 | 41.1% | 16.4% | 16.4% | 44.5% |
| 2001 Q3 | $ 4,928.65 | 57 | 36.8% | 16.7% | 16.7% | 49.3% |
| 2001 Q4 | $ 1,063.92 | 55 | 58.2% | 20.6% | 20.6% | 10.6% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2002 | $ 35,560.56 | 206 | 45.2% | 20.2% | 24.1% | 355.6% |
| 2002 Q1 | $ 3,798.64 | 41 | 36.6% | 10.9% | 12.7% | 38.0% |
| 2002 Q2 | $ 3,723.10 | 52 | 51.9% | 24.1% | 24.1% | 37.2% |
| 2002 Q3 | $ 2,722.27 | 57 | 50.9% | 20.6% | 20.6% | 27.2% |
| 2002 Q4 | $ 9,656.45 | 52 | 34.6% | 20.3% | 20.3% | 96.6% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2003 | $ 42,759.58 | 244 | 48.4% | 18.8% | 26.4% | 427.6% |
| 2003 Q1 | $ 4,285.67 | 63 | 54.0% | 17.7% | 17.7% | 42.9% |
| 2003 Q2 | $ 3,047.34 | 55 | 54.6% | 26.5% | 26.5% | 30.5% |
| 2003 Q3 | $ 1,017.36 | 67 | 46.3% | 15.0% | 15.0% | 10.2% |
| 2003 Q4 | $ 19,105.22 | 59 | 42.4% | 18.8% | 18.8% | 191.1% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2004 | $ 24,795.75 | 239 | 49.0% | 36.9% | 36.9% | 248.0% |
| 2004 Q1 | $ 4,658.55 | 63 | 52.4% | 15.6% | 15.6% | 46.6% |
| 2004 Q2 | $ 6,151.82 | 53 | 37.7% | 12.5% | 15.7% | 61.5% |
| 2004 Q3 | $ 7,326.61 | 61 | 42.6% | 15.0% | 15.5% | 73.3% |
| 2004 Q4 | $ (2,140.30) | 61 | 60.7% | 30.6% | 30.6% | -21.4% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2005 | $ 17,444.70 | 261 | 46.0% | 24.7% | 25.7% | 174.4% |
| 2005 Q1 | $ 177.88 | 65 | 52.3% | 24.7% | 24.7% | 1.8% |
| 2005 Q2 | $ 7,547.86 | 66 | 37.9% | 11.6% | 13.1% | 75.5% |
| 2005 Q3 | $ 4,573.63 | 62 | 37.1% | 20.2% | 20.2% | 45.7% |
| 2005 Q4 | $ (181.91) | 61 | 62.3% | 24.9% | 24.9% | -1.8% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2006 | $ 23,167.33 | 216 | 47.7% | 33.6% | 33.6% | 231.7% |
| 2006 Q1 | $ 1,574.67 | 63 | 49.2% | 24.4% | 24.4% | 15.7% |
| 2006 Q2 | $ 3,394.18 | 67 | 49.3% | 33.2% | 33.2% | 33.9% |
| 2006 Q3 | $ 2,674.30 | 52 | 46.2% | 16.9% | 16.9% | 26.7% |
| 2006 Q4 | $ 666.55 | 31 | 41.9% | 17.2% | 17.2% | 6.7% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2007 | $ 20,796.81 | 132 | 50.0% | 17.4% | 34.4% | 208.0% |
| 2007 Q1 | $ (652.78) | 43 | 60.5% | 34.4% | 34.4% | -6.5% |
| 2007 Q2 | $ 8,028.34 | 27 | 25.9% | 12.4% | 12.4% | 80.3% |
| 2007 Q3 | $ 6,075.88 | 28 | 39.3% | 15.3% | 15.3% | 60.8% |
| 2007 Q4 | $ 523.27 | 40 | 55.0% | 17.9% | 17.9% | 5.2% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2008 | $ 12,346.06 | 148 | 54.1% | 25.5% | 28.4% | 123.5% |
| 2008 Q1 | $ 5,035.88 | 39 | 59.0% | 28.4% | 28.4% | 50.4% |
| 2008 Q2 | $ 1,677.42 | 47 | 44.7% | 19.9% | 19.9% | 16.8% |
| 2008 Q3 | $ 2,285.40 | 43 | 65.1% | 19.3% | 19.4% | 22.9% |
| 2008 Q4 | $ 343.25 | 19 | 42.1% | 11.9% | 11.9% | 3.4% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| Year 2009 | $ 23,664.16 | 155 | 50.3% | 25.1% | 25.1% | 236.6% |
| 2009 Q1 | $ 4,628.07 | 28 | 32.1% | 12.5% | 12.5% | 46.3% |
| 2009 Q2 | $ 5,623.76 | 39 | 56.4% | 25.1% | 25.1% | 56.2% |
| 2009 Q3 | $ 680.27 | 40 | 45.0% | 13.9% | 13.9% | 6.8% |
| 2009 Q4 | $ 3,645.96 | 47 | 61.7% | 21.1% | 21.1% | 36.5% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| 2010 Q1 | $ 920.10 | 41 | 43.9% | 15.5% | 15.5% | 9.2% |
| Time Period | Net Profit | Trades | % Losers | Max.Drawdown | Rel.Drawdown | Profit |
| 10 Years | $ 18,343,690.40 | 2029 | 48.5% | 16.2% | 29.0% | 183436.9% |
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