I tested Demark trades on H1 using IBFX this week starting on the 28th. Going into my 3rd day test, here are some of the positive results i got so far
My Forex Money Blog Analysis
eurcad 283 pips
eurchf 176 pips
gbpchf 190 pips
gbpjpy 789 pips
nzdusd 109 pips
usdchf 217 pips
usdjpy 259 pips
the rest are losers so far....trailstops value will be revealed in my next post! stay tuned!
Alternative Forex Trade Setup for GBPCHF
Looking at the setup for the GBPCHF trade i took on the 18/1/2007, i thought of another way to limit your money losses in case the SL is hit.
My Analysis GBP/CHF Chart
Sell order triggered on the break, enter only 1 position.
What I do next is, i will calculate the entry price and the SL to get the difference so that i know where i can place my next 2 limit orders.
Looking at the chart, if SL is hit, total pip loss is only 237 pips compare to if i enter all 3 positions the same time which is 354 pips.
If you wish to open total of 4 trades, then divide the pips difference by 4 so that you how where to place the balance 3 limit orders.
Try it out...
My Analysis GBP/CHF Chart
Sell order triggered on the break, enter only 1 position.
What I do next is, i will calculate the entry price and the SL to get the difference so that i know where i can place my next 2 limit orders.
Looking at the chart, if SL is hit, total pip loss is only 237 pips compare to if i enter all 3 positions the same time which is 354 pips.
If you wish to open total of 4 trades, then divide the pips difference by 4 so that you how where to place the balance 3 limit orders.
Try it out...
Perfect GBPCHF Forex Auto Trading System
I took this trade on the 18/1/2007 using the Auto Trading System on the H1 timeframe and all the TPs were hit on the same day. Total pips for 3 trades was +456.
My Money is on the GBP/CHF pair!
I entered the trade on the next bar open after the lower TD line had been broken. If i would have waited for a pull back for this bar, for sure my profits will be much bigger. Like i say, it's a personal choice..some people like to trade on the break, others like to wait for pullbacks.
So far the gains made by this monster is damn impressive! This monster bagged about 3,216 pips for the month of December 2007.
My Money is on the GBP/CHF pair!
I entered the trade on the next bar open after the lower TD line had been broken. If i would have waited for a pull back for this bar, for sure my profits will be much bigger. Like i say, it's a personal choice..some people like to trade on the break, others like to wait for pullbacks.
So far the gains made by this monster is damn impressive! This monster bagged about 3,216 pips for the month of December 2007.
ODL H1 Forex Trade Summary
What a rollercoaster week on the Auto Trading System!
Total Profit on ODL was up about 55% and my equity touch 81% for the first time! I didn't close all my profits as I wanted to see how the week will end if i didn't move my stops to breakeven or trailstop it. Looking at the results now, I wished I have move them to breakeven at least :)
At least it's making money rite now..
Rite now closing profits is at about 35% but my equity is about 25% only. I will be experimenting another set of H1 trades using IBFX but with trailstops for comparison sake...i have a feeling that putting TS will improves the profits!
My favorite pairs so far is GBPCAD,GBPCHF, GBPJPY, EURJPY. EURCAD and USDJPY.
EURJPY took a huge beating this week! Closed at -1019 pips!
But my money is on GBP crosses. I hope they can give consistent results over the next 3-6 months. Remember, the objective of this test is to find profitable pairs using this method.
Here are my total pips and account summary plus open trades.
Total Profit on ODL was up about 55% and my equity touch 81% for the first time! I didn't close all my profits as I wanted to see how the week will end if i didn't move my stops to breakeven or trailstop it. Looking at the results now, I wished I have move them to breakeven at least :)
At least it's making money rite now..
Rite now closing profits is at about 35% but my equity is about 25% only. I will be experimenting another set of H1 trades using IBFX but with trailstops for comparison sake...i have a feeling that putting TS will improves the profits!
My favorite pairs so far is GBPCAD,GBPCHF, GBPJPY, EURJPY. EURCAD and USDJPY.
EURJPY took a huge beating this week! Closed at -1019 pips!
But my money is on GBP crosses. I hope they can give consistent results over the next 3-6 months. Remember, the objective of this test is to find profitable pairs using this method.
Here are my total pips and account summary plus open trades.
Auto Trading Demark H1 with Daily Trend Filter
Hey Guys,
I had a good test last week trading the H1 timeframe following the Daily Trend using the Forex Auto Trading System. What I do is I will open my H1 trades when it breaks into the same direction with the Daily Trend. Here are the results.
audusd -260 pips
eurjpy +587 pips
gbpchf +1778 pips
gbpjpy -145 pips
gbpusd -228 pips
nzdusd -100 pips
usdchf -144 pips
usdjpy +22 pips
floating positions
sell gbpjpy 209.60 sl 212.46 tp 206.54, 207.24, 207.24, 208.05 (I still have faith in gbpjpy)
sell usdchf 1.1007 sl 1.1090 tp 1.0949, 1.0972, 1.0972, 1.0942
i open 4 positions per pair when trades are initiated.
Very promising so far...Let's hope to see some good money this week!
I had a good test last week trading the H1 timeframe following the Daily Trend using the Forex Auto Trading System. What I do is I will open my H1 trades when it breaks into the same direction with the Daily Trend. Here are the results.
audusd -260 pips
eurjpy +587 pips
gbpchf +1778 pips
gbpjpy -145 pips
gbpusd -228 pips
nzdusd -100 pips
usdchf -144 pips
usdjpy +22 pips
floating positions
sell gbpjpy 209.60 sl 212.46 tp 206.54, 207.24, 207.24, 208.05 (I still have faith in gbpjpy)
sell usdchf 1.1007 sl 1.1090 tp 1.0949, 1.0972, 1.0972, 1.0942
i open 4 positions per pair when trades are initiated.
Very promising so far...Let's hope to see some good money this week!
What my blog means to a layman in the street
I was chatting to a friend of mine few days back and he asked me if I had anyway to earn an extra income as his pay as a government officer is not really comfortable to his liking...so i asked him to go check out this blog of mine and this was his feedback to me...
Friend: I do not have a clue what your website is all about mate...
Me: Oh really? It's forex...
Friend: Huh? What's that? Isit something like stockmarket? I do see alot of charts in your site but I really do not understand it man...
Me: It's buying and selling currency...Oh..Nevermind..I tell you more next time then...
I had to leave and i left him somewhat puzzled...From that moment, I knew that my blog is way advanced for a normal person who have no clue watsoever about forex trading. I think i need to write about some introduction for forex newbies soon!
I asked him to go to my blog just to see what would his reaction be so that I know what info I am missing out in this blog of mine...
As of now, I think it's appropriate to say that this blog is for people who have some knowledge on forex trading. In case you are new to forex, don't worry mate! I will post some forex newbie introductions sooon!
Friend: I do not have a clue what your website is all about mate...
Me: Oh really? It's forex...
Friend: Huh? What's that? Isit something like stockmarket? I do see alot of charts in your site but I really do not understand it man...
Me: It's buying and selling currency...Oh..Nevermind..I tell you more next time then...
I had to leave and i left him somewhat puzzled...From that moment, I knew that my blog is way advanced for a normal person who have no clue watsoever about forex trading. I think i need to write about some introduction for forex newbies soon!
I asked him to go to my blog just to see what would his reaction be so that I know what info I am missing out in this blog of mine...
As of now, I think it's appropriate to say that this blog is for people who have some knowledge on forex trading. In case you are new to forex, don't worry mate! I will post some forex newbie introductions sooon!
Forex Updates on my Demark Trading H1
Hi guys,
I have completed my Forex Auto Trading System analysis for January trades to date.
Timeframe: H1
Broker: ODL
Currency: Multiple
The account was briefly up about 40% at the start of the week but took some bad hits in the midweek to end at about 27% rite now...
Looking at the results above, i think GBPCHF, GBPJPY and EURJPY looks like great pairs to trade using this system..maybe because of its volatility..try it out and see for yourselves.
I am quite cautious about USD pairs though...i hope to see a few good USD pairs that can have consistent profits for the next few months, rite now USDJPY is giving me some hope.
Account Summary
Open Trades At the Moment...
If you want my ODL statement in full since my demo test at the end of November 2007, please let me know or you can send me a PM me "automan" in forexfactory and i will send it to you.
I have completed my Forex Auto Trading System analysis for January trades to date.
Timeframe: H1
Broker: ODL
Currency: Multiple
The account was briefly up about 40% at the start of the week but took some bad hits in the midweek to end at about 27% rite now...
Looking at the results above, i think GBPCHF, GBPJPY and EURJPY looks like great pairs to trade using this system..maybe because of its volatility..try it out and see for yourselves.
I am quite cautious about USD pairs though...i hope to see a few good USD pairs that can have consistent profits for the next few months, rite now USDJPY is giving me some hope.
Account Summary
Open Trades At the Moment...
If you want my ODL statement in full since my demo test at the end of November 2007, please let me know or you can send me a PM me "automan" in forexfactory and i will send it to you.
Autopips Trading Results
December 2007 trading month was closed with +190 AutoPips in my bag!
Due to Year End Holidays and some problems I faced with my previous ISP, I didn't trade for the first week of January.
I have decided to summarize my autotrading weekly instead of daily.
Here is the summary for trades between 7 - 11 January 2008
Trade Result 7 January 2008
10.00 Sell EURUSD @ 1.4664 Close 1.4694 (-30 Pips)
14.00 Buy EURUSD @ 1.4693 Close 1.4695 (+2 Pips)
Trade Result 8 January 2008
10.00 Sell EURUSD @ 1.4721 Close 1.4717 (+4 Pips)
14.00 Buy EURUSD @ 1.4718 Close 1.4710 (-8 Pips)
Trade Result 9 January 2008
10.00 Sell EURUSD @ 1.4728 Close 1.4707 (+21 Pips)
14.00 Buy EURUSD @ 1.4706 Close 1.4663 (-43 Pips)
Trade Result 10 January 2008
10.00 Sell EURUSD @ 1.4673 Close 1.4681 (-8 Pips)
14.00 Buy EURUSD @ 1.4681 Close 1.4794 (+113 Pips)
Trade Result 11 January 2008
10.00 Sell EURUSD @ 1.4801 Close 1.4776 (+25 Pips)
14.00 Buy EURUSD @ 1.4777 Close 1.4785 (+8 Pips)
+84 Autopips for January 2008 to date! I am looking for another great week ahead!
Due to Year End Holidays and some problems I faced with my previous ISP, I didn't trade for the first week of January.
I have decided to summarize my autotrading weekly instead of daily.
Here is the summary for trades between 7 - 11 January 2008
Trade Result 7 January 2008
10.00 Sell EURUSD @ 1.4664 Close 1.4694 (-30 Pips)
14.00 Buy EURUSD @ 1.4693 Close 1.4695 (+2 Pips)
Trade Result 8 January 2008
10.00 Sell EURUSD @ 1.4721 Close 1.4717 (+4 Pips)
14.00 Buy EURUSD @ 1.4718 Close 1.4710 (-8 Pips)
Trade Result 9 January 2008
10.00 Sell EURUSD @ 1.4728 Close 1.4707 (+21 Pips)
14.00 Buy EURUSD @ 1.4706 Close 1.4663 (-43 Pips)
Trade Result 10 January 2008
10.00 Sell EURUSD @ 1.4673 Close 1.4681 (-8 Pips)
14.00 Buy EURUSD @ 1.4681 Close 1.4794 (+113 Pips)
Trade Result 11 January 2008
10.00 Sell EURUSD @ 1.4801 Close 1.4776 (+25 Pips)
14.00 Buy EURUSD @ 1.4777 Close 1.4785 (+8 Pips)
+84 Autopips for January 2008 to date! I am looking for another great week ahead!
How I started my 2008
I have not traded on ODL H1 timeframe since beginning of January till now as i ran into some problems with my OLD CHEAPSKATE provider JARING
They disconnected me on New Year's Day and they left me fuming when they refuse to resume my DSL services because i had an outstanding bill of 2 Ringgit and 50 cents (Less than 1 USD). I was using their services since the Dial Up Days (since 1998) and this is how they treat me!
I have since changed to a new provider. At this moment, I am testing the Demark trades on IBFX platform using the H1 & H4 timeframe with additional filter...
I will keep you guys updated on new results...
They disconnected me on New Year's Day and they left me fuming when they refuse to resume my DSL services because i had an outstanding bill of 2 Ringgit and 50 cents (Less than 1 USD). I was using their services since the Dial Up Days (since 1998) and this is how they treat me!
I have since changed to a new provider. At this moment, I am testing the Demark trades on IBFX platform using the H1 & H4 timeframe with additional filter...
I will keep you guys updated on new results...
ODL H1 Trade Summary
Hi Guys,
Here are my analysis on my Auto Trading System on the H1 timeframe using ODL Feeds. Account is up about 32% since the start of trading (15 currency pairs)...
Looking at the results, if i were to trade live, i will put my money in GBPCHF and GBPJPY pairs. However, please do your own DEMO testing on these 2 pairs before going live ok!
Start Date: 27 November 2007
Last Open Trades: 31 December 2007
All results here are as of 8 January 2008
Here are the Top 5 Pairs:
GBPCHF 2890 PIPS
GBPJPY 1337 PIPS
USDJPY 1028 PIPS
EURJPY 946 PIPS
EURCAD 595 PIPS
Below are all the pips summary by pairs.
Account Summary and Open Trades:
All Trades By Pairs
CADJPY
EURCAD
EURJPY
GBPCHF
GBPJPY
NZDJPY
USDJPY
Here are my analysis on my Auto Trading System on the H1 timeframe using ODL Feeds. Account is up about 32% since the start of trading (15 currency pairs)...
Looking at the results, if i were to trade live, i will put my money in GBPCHF and GBPJPY pairs. However, please do your own DEMO testing on these 2 pairs before going live ok!
Start Date: 27 November 2007
Last Open Trades: 31 December 2007
All results here are as of 8 January 2008
Here are the Top 5 Pairs:
GBPCHF 2890 PIPS
GBPJPY 1337 PIPS
USDJPY 1028 PIPS
EURJPY 946 PIPS
EURCAD 595 PIPS
Below are all the pips summary by pairs.
Account Summary and Open Trades:
All Trades By Pairs
CADJPY
EURCAD
EURJPY
GBPCHF
GBPJPY
NZDJPY
USDJPY
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