Demark Expert Advisor GBP/CHF Live Trade Update

What an excellent start in forex trading this week! My GBP/CHF short trades opened by Demark Expert Advisor @ 1.9877 is in profit so far! Been a roller coaster ride for me in this trade since it was opened..last Thursday and also this morning during early Asian Session where the pair briefly touched 1.9934 before selling off and hitting a low of 1.9647 rite now as I am writing.

My target profits are quite big if you look at the chart i posted, so I manually put trailstops to all my orders to lock some profits in case market reverse before touching my first profit target. I have locked about total 480 pips at the moment.

I am still bearish on GBP/CHF at the moment. So no long trades by the Demark Expert Advisor at the moment! Let's see what happens later after lunchtime in US going into tomorrow Asian session. Go Bear! Go!

My Forex Trading Live Positions on Interbankfx MT4 platform

How to install DemarkTrader Expert Advisor & Demark Indicator

Installing Demark Indicator & DemarkTrader Expert Advisor.

The file Demark Lines.ex4 should be copied to the C:\Program Files\Interbank FX Trader 4\experts\indicators folder.

Then, the file DemarkTrader V12b(Your IBFX Account Number).ex4 should be copied to the C:\Program Files\Interbank FX Trader 4\experts\ folder.

After you have copied the file into the folder, please restart your Interbank FX Trader 4.

If all are done correctly, the Demark Lines and DemarkTrader Expert Advisor will be found in Navigator as shown below.



Open a new chart (H1) for GBP/CHF and in the Navigator windows, double click Demark Lines and click OK.



Then also double click DemarkTrader V12b(Your Account Number).

In Common parameter shown below, tick Enable alerts and Allow Live Trading.



To allow autotrading by an expert advisor, click on the Expert Advisors button on the panels of the Interbank FX Trader 4.

EA ENABLED

EA DISABLED

If all is correctly setup, the right top corner of the H1 GBP/CHF chart will appear the Expert Advisor symbol with a smiley face as shown below.



Voila! The DemarkTrader EA is on autotrading mode and does not demand your presence 24 hours per day again!

Make sure you computer is constantly connected to the Internet.

Demark Expert Advisor Live Trades Update

The short trades opened by the Demark Expert Advisor few days back is still floating. Went thru some bumpy rides on Thursday, with GBP/CHF rallying abit to 2.0088 before continuing its downtrend in Friday. I moved my SL manually from 2.0267 to 2.0097 after US trading Lunchtime to minimize any losses (in case) going into the weekend before I went to bed.

I woke up this morning to see that the forex rate is now at 1.9838, that's a gain of about 158 pips (4 positions). I have not close them yet. Let's see what happens when the market opens on Monday...
Account is still up 19% with a gain of 444 pips so far this month.

Below is my latest live forex trading statement using Demark Expert Advisor.

Demark Expert Advisor Latest Open Trades

My Demark Expert Advisor just opened a short order @ 18:00 using Interbankfx MT4 Broker platform. Below is my forex trading positions at the moment.

Sell GBP/CHF around 1.9877 with TP 1.9388, 1.9410, 1.9410 and 1.9600.
All my SL is at 2.0267.
Let's see how this forex trade will perform over the next 2 days before closing of the week.

I need to go to bed now...My eyes are tired now...Goodnite everybody!

Demark Expert Advisor Easter "EggPips" Break :(

Looking at my title, Easter Day didn't get really well for my forex trading. I was short GBPCHF @ 1.9999 going into Easter Day. Bad decision to let the Demark Expert Advisor run during last Thursday closing going into Easter Day. Volatility was low on Easter Day, Spreads was wide...and Monday morning Asian Session it spike and voila! It hit my SL @ 2.0138.

I think I will skip forex trading in the future during major holidays when market is close both in Europe and US. At least I learn something today, Easter Day Trading is a No No next time for sure!

The 4 short positions I opened resulted a 558 Pip Loss. It's ok. Losses is part of the game in Forex.

Today was a good day though! I earn some pips shorting GBPCHF @ 2.0167. I got 138 pips from 3 positions while the last position was breakeven.

After these trades, my total pips count is at 444 pips, down from last week's close of 864 pips. The account is still up at the moment, 19% profit from my starting balance. I am still happy with the performance of this EA.

Let's look at my latest live forex trading statement as of today from Interbankfx MT4 Forex Platform.

Forex Trading Update: +864 Pips Auto Trading GBP/CHF in Live Account So Far...

What a week it has been in live forex for me! My Favorite Demark Expert Advisor briefly gained total 1,211 pips, up 88 pips from the previous week trades before closing for a total of 864 pips since the start of live auto trading. I am now short from 1.9999 going into the weekend. Let's see how the trades develop over the following week.

Looking at my forex live statement, you can see that I have highlighted some trades in yellow. These are actually new positions added by the Demark Expert Advisor when new trendlines are broken when price is moving in the same trend. However these 3 trades highlighted have resulted 717 Pips Loss. I am not too happy about these bad trades. I have added a new RULE to my EA and I have since tweak it over the weekend to rectify this problem. If not because of this problem, the EA would have bagged a total over 1,500 pips alone this month.

Well at least I am still in positive territory with my live account still up about 39%. Please bear in mind that this result was achieved using aggressive forex trading strategy, risking about 20-40% of my account. Last week alone i had 2 breakeven trades, on the 17th and 19th of this month which are highlighted in pink. My last profitable trade was close for 88 pips profit. However the 88 pips profit was later erased as the EA took a bad trade which resulted a 347 Pips Loss! I have since rectified this problem in my Demark Expert Advisor.

Well, check out my live trades and statement below. Let's hope the final week trading in March will bring more money money money!!! I am very confident of this EA! If anyone intend to buy this EA for personal use, please drop me an email at autopips@gmail.com for further details.

Forex Trading Update: Demark Expert Advisor Break Even Trade

Demark Expert Advisor Forex Trading Software System Update

Short GBPCHF (My Favorite Forex Pair at the Moment) @ 1.9723 with TP set to 1.9605, 1.9595, 1.9584, 1.9553

I was sleeping when this trade was opened by the Demark EA. I woke up only and found that it was actually making good pips, temptation to close was there...but it's automated rite, so let's not interfere with the trades. Lowest bid price was actually 1.9602, this means taking into consideration of the spread, it was actually 1.9611. I missed my first target profit by 6 pips only...that would be 400 pips gain this morning alone IF i were to manually set it to 100 pips per position...IF is a word most traders like to use in forex trading... :)

Anyway i chose not to interfere with my EA and let it run...

The Demark Expert Advisor actually moved all the the orders to breakeven few hours later. All orders was finally closed with no profit when market reversed...and i needed to pay the overnite swaps... :(

Anyway if anyone was on the long side today, you must be having a good time harvesting fat pips...easily could have made about 300 pips, looking at the chart rite now...nice rally today... I didn't take the trade as I have configured my forex EA to take short trades only at this moment...maybe we see another new low by this week? Who knows rite...after last Monday big dip...anything can happen...

Below is screenshots of my auto trades live statement taken by the Demark Expert Advisor today.

Forex Trading Update: Demark Expert Advisor Scoop Up 1,042 pips over the weekend!

Wow!!! That's what I could only say to myself this morning when I woke up to see my MT4 Interbankfx forex platform. My Demark Expert Advisor closed the last 3 floating positions and made a total 1,042 pips from the 4 orders opened last Friday!

GBPCHF drop about 200 pips over the weekend, which I expected it anyway...however I didn't expect panic selling across Asia during today's open..about 700 pips drop in GBPCHF this morning alone hitting a record low at 1.9377...Spillover effect from last Friday US session heavy selling I guess...Those who were long GBPCHF and GBPJPY over the weekend, I just hope that you guys have recovered from this morning shock...

I DID NOT EXPECT THIS HUGE DROP IN ASIAN SESSION...



The money made so far from my automated forex trading is good! I am up about 51.8% from my initial deposit $213.27 making my current balance now $323.90. So far since inception, the Demark Expert Advisor have scoop up a total of 1,123 pips to date...I would say it a very impressive performance by this EA! Let see how this EA will perform in the whole of this month forex trading.

Below is my Updated Demark Expert Advisor Live Forex Trading Statement.

Currency Trading Update : Demark Expert Advisor Live Results On InterbankFX Forex Broker

I began testing the Demark Expert Advisor since the end of last month February on the Interbankfx Forex Broker MT4 Trading Platform. On some occassions, I did notice that profit targets in forex live accounts were abit different if we compared them with forex demo accounts. This is maybe due to the difference in price bar between live and demo forex accounts. I have also seen that there are some trades taken in demo but were not taken in forex live account because of this.

Anyway, my automatic online currency trading system using the Demark Expert Advisor did went smoothly up to yesterday, opening trades as i want them to... So far so good. I have added some filters to the EA so that it will be profitable and will only open trades in direction of the longer time frame trend...if everything works well, i think this Demark Expert Advisor will be release for sale soon in April or May.

My forex gains on this EA has been YoYo since I started...Down about 224 pips at the beginning during February trades. In 1st week of March, the Demark Expert Advisor close with 68 Pips profit...last week, it closed with a 416 pips profit...In total, I have book 260 pips since i started this forex autotrading system. My live account is currently up about 11% from my balance..Do remember though, looking at my trades, I am risking about 20-30% of my account each time the EA open all 4 positions...This is very aggressive! I am willing to take this risk as I know what I am doing and I take full responsibility for any of my losses.

I just check the currency trading rates in Reuters UK site, GBPCHF is at 2.0145. I have 3 open positions at the moment with TP @ 2.1054, 2.0138 and 2.0119 and I expect to have at least 2 of the positions, if not all 3 positions, in the bag once i reopen my IBFX currency trading platform this coming Monday. If all 3 positions are hit, my account should be up about 50% from my starting balance. At the moment, I am still seeing bearish trend on GBPCHF and the trend have not reversed yet...With all the uncertainties in the financial market lately, it would not be wise to trade against the current bearish trend in my opinion...

Anyway, here is my live forex result on the Interbankfx platform using my Demark Expert Advisor. If you are interested in my purchasing my EA in the near future, please drop me an email :)

March Demark Expert Advisor Trading Performance in ODL H1

I have been busy for the past few days, my country Malaysia just had a general election to form a new government yesterday. I voted and I followed the election results yesterday till the wee hours in the morning...

It was really exciting! Our ruling government just managed to secure simple majority this time, short of the 2/3 majority they were targeting initially. The ruling party have been taught a lesson by the people of Malaysia. We can label this election as their worst. It was their heaviest defeat all time. 5 states from the total 13 states fell to the opposition for the first time! A new record in Malaysian Election History! Massive losses to the ruling government indeed! I am going to have a new state government too!

Talking about massive losses, I too experienced huge pips losses in the first week of March trading the Demark Expert Advisor on my ODL H1 currency trading platform. -3,721 pips to be exact!

All pairs performed badly this week. Only GBP/CHF, GBP/JPY and USD/JPY was gaining pips this week. Let's hope that my Demark Auto Trading System will show a better results this coming week. Account was up briefly at about 65% profit early this week, before reducing to 30% at the close of last week...

I will be opening a live account with ODL soon and run my Expert Advisor there to compare the live results with the ODL demo platform. At the moment I am trading this EA live with Interbankfx..it is performing well as an EA, opening orders without any bugs so far. If the EA is on the rite track, i will release it for sale this coming April or May.

Below are my analysis on my Auto Demark Currency Trading System for the first week of March 2008.

ODL H1 Demark Expert Advisor Auto Trading System Analysis By Pairs

I have compiled the auto trading results run on the Demark Expert Advisor on the ODL platform on various pairs (15 to be exact). Below will be my analysis by currency pairs.

Broker: ODL Securities
Timeframe: H1
Total Currency Pairs: 15
Start Date: 27 November 2007
Account Balance: 147 651.27
Equity: 158 890.95
Floating P/L: 11 239.68
Total Pips Collected: 5,233

I had a loss on the GBP/CHF auto trade this month. The Demark Expert Advisor opened a trade which was not suppose to be triggered. My connection to ODL was lost about 4 hours, immediately after reconnection, the trade was open eventhough the bar was within both trendlines. As a result, I suffered about 4,000 USD loss on this trade. Looking at my account balance, if we ignore this error, account balance should have been around 151K. That is an increase of 51% profit since inception (3 months). That is a return about 16-17% monthly. At the moment of writing, the floating profit is at 11K...not bad...

Looking at the Demark Expert Advisor Forex Performance, I am very impressed with GBP/CHF and GBP/JPY results so far. GBP/CHF and GBP/JPY bagged a total of 4,956 Pips and 3,093 Pips respectively. As for other pairs, I am still not that convinced that they are profitable over the long term. Let me test them further.

I am also currently testing this system to trade following the Daily Trend on Interbankfx. I hope additional filter = additional profit.

The release of the Demark Expert Advisor is still on hold. I am doing more testing at the moment. I know that alot of you readers out there is asking me when I am going to release this EA for sale; at the moment, I am still tweaking it. I do hope to release this EA for sale in April or May 2008...Subscribe to my mailing list via email so that you will get the latest info on this Demark EA.

Below are my Demark Currency Trading Auto Trading System Analysis









Stay tuned for further analysis on my Auto Trades On Interbankfx using the Demark Expert Advisor.