DeMarkTrader EA FXDD Forward Test Update, Ahead Of FOMC Meeting

Whoa!!! Market is pretty bullish today...ahead of the FOMC meeting today taking place few hours from now...Oh well...who cares about the news anyway. My DeMarkTrader Expert Advisor is purely technical. This means it enter trades regardless on any fundamental analysis or news releases.

Past 2 days have been pretty good for this auto forex system, a total of 379 pips profit. The only bad new that one of my trades was not move into breakeven when I was in profit, maybe due to connection issues with FXDD. I did not encounter any problems with similar trades in ODL. This SL to breakeven error cost me -169 Pips. If there was no error with FXDD, I would have been up by about 548 pips this week.

Anyway my DeMark forex trading system software is doing pretty good at the moment, overall the account is up by 3,009 pips and 30% increase in profit.

This is how i define my risk setting when using the DeMarkTrader forex expert advisor.

Low Risk: 10K account, 3-4 positions x 0.10 lots (nearly 1 dollar per pip)

Medium Risk: 5K account, 3-4 positions x 0.10 lots (nearly 1 dollar per pip)

Aggressive Risk: 2.5K account, 3-4 positions x 0.10 lots (nearly 1 dollar per pip) ...

I hope you can see a pattern here. Bear in mind, this is my settings for your reference only. if you think the my risk setting is not suitable for your trading style, you can always lower down your lot sizes.

Anyway here is my latest FXDD forex demo account statement using this EA. I will be updating my ODL demo trade statements in the next day or so...

Different Forex Trading Brokers Mean Different Results!

Let's compare FXDD and ODL forex trading results today using DeMarkTrader Expert Advisor. I manually changed my long position ODL First Take Profit target today to 2.0605 from 2.0800 and adjusted my trailing stop value as I felt that the original first TP was abit far to my liking...

Price hit my trailing stop loss position at 2.0572 just now, closing all the trades for a 178 pips profit. I posted yesterday that there were long and short positions opened for my ODL forex demo account. The short trades were closed earlier today with a 47 pips profit overall. Total pips for ODL today was 225. This takes my total profit to 1,533 pips. I posted the screenshot of these stopped out trades below.



FXDD positions however were not stop out @ 2.0572 because the lowest price it went down to just now was shy of 1 pip @ 2.0573. You have ask me if these trading results are the same with all the brokers using DeMarkTrader Expert Advisor...my answer is NO.

FXDD price have since reversed to the upside and is now hovering at 2.0600 level. The forex trades in FXDD is currently up by about 120 pips. No worries, my FXDD trades are now profitable in case there is a big reversal in the next few days. Here is the screenshot of the FXDD trades which is still floating.



What do all these things mean to you? If there is active trades next time, I will personally send you guys a signal in case I wish to manually reset my trailing stop to certain value or change the profit target levels or stop loss level. My objective for you guys is for us to make money together trading the forex market!

DeMarkTrader Expert Advisor ODL Forward Test Update

Here is my latest update on DeMarkTrader Expert Advisor performance in ODL Demo account. At the moment, the pips are up to 1308 compared to 1034 pips last week. When I first started testing the EA on ODL, my Trendfilter was actually ON, only to be switched off at the beginning of this week. Because of this, the percentage gain so far is only 13%, lower if you were to compared it with FXDD forex trading demo platform. The recommended timeframe for this forex expert advisor is H1.

It is currently making about 46 pips per trade on average. I love ODL especially when trading GBP/CHF because the spread is only 6! It is the lowest compared to FXDD (8) and IBFX (9). But because of this small spread, the performance can be different if compared with FXDD and IBFX. If you look at my floating trades now, there is buy and sell orders opened. If you compared to FXDD demo, only buy orders are active now. One of my readers actually ask me if the performance is the same for all brokers, I would like to say now it is totally different. A Broker's spreads and price does influence the DeMarkTrader EA performance.

My last testing on ODL demo account which started on 29 November 2007 and ended on 15 April 2008 with Trendfilter OFF yielded a total of 6,022 pips. If i were to add with this new account test results, the total will be around 7,330 pips within 5 months. I am very impressed with this figure. This DeMarkTrader Expert Advisor is indeed a powerful and profitable forex trading system software.

Here is the latest statement on my new ODL demo forex account.

DeMarkTrader EA FXDD Forward Test Update

Here is the latest summary on the DeMarkTrader Expert Advisor forward test result on FXDD Demo platform.

Pips was down from 2,725 to 2,557 at the close of this week trading yesterday. According to Dailyfx.com, GBP/CHF medium trend is up at the moment but the long term trend is still down. My TrendFilter is Off for this EA, so I don't bother about what is the trend now when the EA enters trade. My concept is simple, as long as Demark Trendlines are broken, trades will be filled.

Long trades work well this week with DeMarkTrader EA but shorts was on the losing end. At the time of this posting, i have 2 trades that is active and will be carried over to next week, the floats is up by about 25 pips at the moment. These 2 trades went as high as 190 pips total last Thursday, but a minor correction happened yesterday with the pair coming down to a low of 2.0453 before buyers came in again and end the day at 2.0548.

Since testing 7 days ago on a new FXDD demo forex account, the EA is now up by about 25% with an average gain of 64 pips per trade. The DeMarkTrader EA will open between 2-4 trades once it receives the autotrading signal. If you are interested in my DeMarkTrader forex trading system software, please drop me an email at autopips@gmail.com. In the mean time, please checkout the screenshot of the FXDD for further info.

911 Pips Missed By DeMarkTrader EA Today In Interbankfx Live Forex Account

DeMarkTrader Expert Advisor was behaving abit weird today in my Interbankfx live forex account today.

A short trade @ 2.0350 with TP @ 2.0150, 2.0131, 2.0106, 2.0102 should have been triggered actually by the EA in my live account but it didn't. When I checked the EA in my other Interbankfx Demo account, the trades were opened. I am still thinking rite now why the trade was not opened in my live account. All together I missed about 911 pips! That is a lot of pips to be missed! :(

The version I used in this EA was v12b which I applied to both my live and demo account. By the way, the MT4 version is Build 211. Same EA version, but one was a no trade...I need to investigate further why this thing happen today...There is a lot of request from all of you as to when you can purchase the EA, but I still think the EA has not reach a stable state yet. Because of this I cannot simply rush to sell my EA, that would be unfair to you rite... I want to sell an EA only when it works perfectly in demo as well as live account. Patient Guys!

Last Friday I also started new tests for FXDD and ODL Metatrader platform. Below are the details of the test results so far.

MT4 Version: Metatrader 4.00 Build 215

DeMarkTrader Expert Advisor Version: v13c

TrendFilter: NO

Timeframe: H1

FXDD Updates:

Account #: 5364793

Start Time: 19:46 16.4.2008

Pips So Far: 2725 Pips



ODL Securities Updates:

Account #: 5364793

Start Time: 16:43 16.4.2008

Pips So Far: 1034 Pips

Initially, TrendFilter was ON for ODL last Friday, that's why the trades are lesser compared to FXDD. I have since set it to OFF today.





I believe that this powerful DeMarkTrader Expert Advisor will be the key for you guys to make good money in the forex trading market. The minor challenge I faced today is just a temporary hiccup, let's hope that version 13c will perform better both demo and live trading forex accounts.
I am here for the long run, and my wish is to see you make money with me as well!

ODL H1 GBP/CHF With TrendFilter Forex Trading Summary (6,241 Pips)

DeMarkTrader Expert Advisor Summary For GBP/CHF With TrendFilter Using ODL Securities H1 Price Feeds

Currency Pair: GBP/CHF

TimeFrame: H1

Broker: ODL Securities

Metatrader Version: Version 4.00 Build 211

Account: Demo

TrendFilter: On

EA Test Start Date: 29 November 2007

EA Test End Date: 15 April 2008

Total Pips: 6,241

EA did not trade after 15 April because I upgraded from Build 211 to Build 215 and it was not able to open new trades due to bugs in Build 215.

DeMarkTrader EA has since been fixed to work in Build 215.

GBP/CHF Trade Summary in Details

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

I made money trading forex with Demark Expert Advisor again!

I made money once more! Another impressive forex killer gain today by the Demark Expert Advisor. Forget about the missed opportunity trading the GBP/CHF pair last Friday by this EA...just wait for the rite trade setup and your profits will roll again with this EA... I am using this EA on my Interbankfx Metatrader Platform Version 4 Build 2.11 at the moment, switching from the previous Build 2.15

Yesterday i opened short trades at around 1.9723 and all my 4 positions hit respective profit targets today to closed with a profit of 327 Pips. That's a very huge gain. My SL was @ 1.9846. The positive retail sales number in the US pushed the pair up to 1.9833 which was only 13 pips from my SL...that is so so near... Bearish trend continued later as sellers came in again...The market is not looking very good for the bulls lately, with recession looming in the US, my bet is to be on the short side for this GBP/CHF pair at the moment. Remember, the trend is your friend.

My automated forex trading strategy has been quite impressive i would say. My live forex account profit rite now is up by about 66% from my original deposited amount. Total pips collected so far in April is 567 pips and March was 925 Pips, making it a total of 1492 pips. If you want to see my March results, please go to my previous postings. Everything is there for you to read...this Demark Expert Advisor is simple to use and easy to make money. If you are interested in buying my EA, please email me. i hope I can release this EA for sale by end of April.
At the moment, my preferred broker is Interbankfx. I am testing ODL and FXDD also to see the consistencies of my automated forex trading results using other forex brokers. With the release of my EA, I hope that you guys will start to make real money in forex trading. If you are new, don't give up too soon ok if you are at the losing end most of the time. There will always be obstacles in your journey to being successful in online forex trading. It took me 2 years to get to where I am rite now...I lost big chunks of money, very very expensive forex lesson i would say...I remember once I lost alot of money in forex trading, what I did next was to take a short break from live trading and go back to demo trading again...You should do this too if you are losing money rite now...Well look on the bright side! At least you have found my Demark Expert Advisor now! :)

Alrites, here is my latest live forex results trading using my Demark forex robot which is my favorite forex expert advisor so far... I am looking to short GBP/CHF again this week!

Missed Trades By Demark Expert Advisor

I updated my IBFX forex broker metatrader 4.00 from build 2.11 to 2.15 to see if there is any difference in opening trades by the profitable Demark Forex Expert Advisor. True enough, the EA opened trades in my demo forex account (Build 2.11) but in my live forex trading account (Build 2.15) it did not open any trades last Friday. I missed some good pips last Friday.

Trades Opened by Demark Expert Advisor in Demo Account

Sell GBP/CHF @ 1.9770 with TP @ 1.9696, 1.9658, 1.9636 and 1.9632 with SL 1.9917.

Lowest Point was @ 1.9659. Using my forex strategy exit rule, I would have exited with about 185 pips profit...

I told you that Friday was a good day to short this pair. However I did made money in my other live account which I opened trades manually. I have since reverted the EA to trade on Build 2.11 while trying to figure out why the trades did not opened in Build 2.15

Here is the snapshot of the fx trade opportunity missed by Demark Expert Advisor.

Demark Expert Advisor Sold GBP/CHF @ 1.9694 Today

Ambitious! That's the word to describe my Demark Expert Advisor today... my Demark auto forex trading system software shorted GBP/CHF @ 1.9694 with four targets between 1.9160 to 1.9375. The EA was looking for a 320 pips target on my first Target Profit which didn't materialize.

My live forex account was gaining a total of 400 pips and I decided to trailstop them in case of any reversal. Well, strong reversal begun at 1.9579 and rite now the pair is floating around 1.9880. I only managed to book a total of 14 pips in total because of this reversal. Remember this, never ever let winning trades to turn out to be a losers yeah...at least i still made money in today's trade...

Past Tuesday and Wednesday I hope some of you made money shorting this pair. My Demark Expert Advisor didn't open any short trades as the added filters didn't give good signal to it to enter positions.

Tomorrow is Friday and I love trading forex on this day especially on the short side. Profit taking is always happening on Friday when most traders close all their positions to cash out their profits. If you are new, don't worry about holding open positions going into the weekend. It is fine as long as you know what you are doing. When I first started, most traders i know will advise me not to trade on Friday or hold positions into the weekend. As time goes by, I think it's all craps!

Let's hope we have a good short trade signal on GBP/CHF tomorrow...

At the mean time, here is my screenshot of the trades opened by the Demark EA auto forex system few hours back...

My Metatrader Demark Expert Advisor Made Money Again!

Another Whopping Pips! Yesterday, the Demark Expert Advisor went into sell mode again trading the GBP/CHF in the forex market. As you can see from my live forex account below, the EA shorted this pair @ 2.0138 with SL of 2.0198.

After the trendline was broken, market reversed when i took my short position and rally abit up to 2.0188. Phew...just 10 pips shy of hitting my SL. Downtrend continued after that and market was ranging abit when during US market closing.

This morning i woke up and found out that 3 targets was met...i trailstop my last position to lock my profits in case the market reverse. It retrace abit before continuing another downtrend during the Euro/UK session and bottomed at 1.9887. I took profit early though with my Demark Expert Advisor preset targets, a total of 211 pips today.

I am very happy with my Demark Forex Trading System Software performance at the moment, if you are interested in buying this forex system in the future, feel free to email me.

My pips count as of today stands at 1151 pips since i started live auto trading in March. The account is now up by about 50% using aggressive settings... My total pips for April is 226. I am waiting for my account to rise to $400 before i double my lot size again. Wish me luck!

In my latest snapshot, I have omitted March results so that I can track my Demark forex trading robot performance for April. If you want to view my March results, please look at my previous post.

NonFarm Payrolls (NFP) Trades By Demark Expert Advisor

Two trades were triggered by Demark Expert Advisor last Friday, before and after the NFP news release. The EA took a short trade earlier @ 2.0155 with SL set to 2.0215. My SL was hit resulting a loss of 238 pips. This was just rite before the NFP news release. March Nonfarm Payrolls fell to -80k, which is a third consecutive decline after last January and February. US is heading for a recession, things are not looking good, but it will be good as long u remain on the short side for this pair though at the moment :) ...



Another short trade was triggered after the NFP news @ 2.0130, in which all of my 4 positions closed with profit of 253 pips. My forex trading result for now is up by 15 pips for the month of April. Little pips for the moment but still it's profit! I hope we can achieve good pips trading in April!

I think that trendline breaks is another simple way to trade the forex market. Some people might not agree with me though, well, good for you if you have other trading methods which giving you good profits. BUT I do not think commercializing part of an idea that i learned from some forex forum is wrong as i have also put some effort on my part to fine tune it...

My Demark Expert Advisor did not follow 100% the idea of Demark trendline break. What I did was that after analyzing my forex trading results by this EA in my Demo account which i started in November, I tweak it and added my own filters. By doing this, I was very confident with my EA that I started to run it on my live account last month, March.

Oh yeah, the deposit is only $213.27. A very small amount of money to you maybe... But at least it's good enough for me to run my EA live and make a 40% return last month. Oh by the way, I have other live accounts as well, I created this account just to track my Demark Expert Advisor live performance...

I have lost money trading in forex 2 years back when i started. Things didn't go well for me though at the start. Maybe you just started forex trading and is all excited rite now. I hope this enthusiasm will be in you always. I persevered and didn't give up my dream to become a profitable forex trader eventhough i experienced some major losses in my first year of trading. The money I lost is a blow to me as the amount is quite huge. Nevertheless, the dream is always alive in me and kicking! There is always ups and downs in forex trading, just be ready to face it!

At this moment, i am happy to say that I am profitable as a trader and I wish to share my experience with you if you come along on a journey with me. I am not in a hurry to sell my Demark Expert Advisor at the moment as I would like to see if there is any further bugs in it. There has been alot of request from you guys as to when this EA will be available for sale. Well, subscribe to my blog thru email and you will get the update on this for sure!

The Demark Expert Advisor is here to help you to increase your profits in forex trading. But you are free to buy any EA elsewhere if you think that they are indeed good product. It's a free world out there, but if you think you like what you read so far...then be prepared for the release of my Demark Expert Advisor soon!

Below is the snapshot of my live forex account so far...

Demark Expert Advisor March Live Forex Trading Analysis

Great performance by Demark Expert Advisor in March! The EA grabbed 925 pips for this month with a 40% increase of profit.

Here is my short analysis for live auto forex trading in March 2008.



Opening balance: 213.27
Closing balance: 298.18
Percentage Gained: 40%
Pips Captured: 925 Pips
Trade Setting: Aggressive, Risk between 10-40% of my account at times.

Bad Trades: Highlighted in Yellow. Additional Trade opened near reversal point during new trendline break, causing 3 huge losses of 717 pips. I have since rectified this problem in the Demark Expert Advisor.
Bad Holiday Trade: Easter Day, 558 pips loss. Moral of the story: Don't trade during holiday season when European and US market is not open...

My last short trades @ 1.9877 briefly touch 220 pips per position before closing about 120 pips per position. Profits were locked using manually set Trailing Stop. Took about 480 pips just these trades alone. Since then a very big rally to the upside for the past 2 days, around 450 pips roughly, rite now it is at 2.0100. I did not take this long trade as the GBP/CHF is still in bearish zone now.

I am looking forward to a good month in April trading using the Demark Expert Advisor. Rite now I am busy setting up the payment processor so that I can sell the EA real soon! Stay Tuned for the launch of this exciting EA!