490 Pips Loss Last Friday

Not a good day for Demark Expert Advisor last Friday. I didn't monitor the EA last Friday as I was holidaying in Genting Highlands Resort, one of the famous tourist destination and casino in Malaysia...Been there before? Google it if you are curious to know about this place... I was there since Thursday and I only came back today...will post some of the pics I took there in my future posts...I came back to check my forex live account which was running this EA, only to see that I had a 490 pips loss over the weekend...

Here are the analysis of both trades

1. Sell GBP/CHF @ 1.9662 (406 Pips Loss) - Demark EA opened positions according to plan but there was alot of buyers waiting at this level, market reversed and the EA closed all positions with a 406 pips loss.

2. Sell GBP/CHF @ 2.0051 (84 Pips Loss) - Demark EA open 1 sell position @ 2.0051 and 3 positions at 2.0050. One pip makes all the difference, the 1st sell position @ 2.0051 was closed at breakeven but the other 3 positions did not...This is due to the price difference when the trades were opened.

Refer to my live forex statement to see the trades analysis. Overall, I am still up by 77 pips for April forex trading, still there is about 1 week plus to go...let's see how it closed for this month...My account is still up by 42% since March 2008

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