9th August 2011 Was A Historical Day For The MetroGold Project.
The EA Worked Almost Perfectly With The Volatile Market And Yielded A Record Breaking Daily Performance. However, Things Didn't Go Entirely As Planned.
The Good News:
The EA Performed Extremely Well On Tuesday As The Gold Price Was Constantly Changing At High Speeds.
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As A Result, There Were A Total Of 84 Winning Trades In A Single Day,
Shattering The Previous Daily Record of 40 Winning Trades Set On Last Friday.
The Bad News
If You Zoomed In On The Image, You Would See That There Is One Trade That Reached A Negative TP, Making It The First Ever Loss Trade On MetroGold.
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When I First Saw This, I Was As Surprised And Shocked As You Guys Are. So I Checked The Logs To Find Out How This Happened. Here's What I Found:
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As You Can See, The Highly Volatile Conditions Caused a Whiplash Effect On The Exact Moment When The EA Was Entering An Order, Causing A Trade Timeout. The EA Then Skipped An Order And Modified The Next Order In Line, Causing It To Have A TP Lower Than Its OpenPrice, Hence Causing The Negative TP & The Loss Trade...
Error Check Mechanism
It Was Pure Coincidence That An Error Occurred During A Whiplash Effect,
& The Fact That It Occurred Only In The Demo Account While The Pioneer Live Account Had No Problems Confirms That It Was Just A Fluke,
Nonetheless, It Is Still A Very Costly & Potentially Dangerous Fluke & It Should Have Been Taken Into Account Earlier.
As Such, As Of 5:13PM Malaysian Time, An Error Check Mechanism Has Been Inserted Into The EA.
While This Error Check Mechanism Doesn't Guarantee That A Whiplash Won't Create A Similar Problem, It Will However Ensure That The Error Is Fixed Automatically, & Hopefully Before The Trade Closes On The False TP.
