FXDD DeMark Expert Advisor May Update

At this moment, seems like May would be a month I like to forget about...Things have not been doing well on the DeMarkTrader Auto Forex System. Earlier in the week trades was up by 576 pips before losing 949 on the last 2 days of trading to close at -373 pips loss for this week. Overall for the month of May, the account lost about 1,019 pips...anyway, the account is still up by 1,990 pips (that's a gain of 19% so far since April)

I am still confident that my expert advisor will work well in all market conditions. Bear in mind though, we have to expect some losses in some calendar months throughout the whole year of trading. If we have sound money management, losses will be at the minimal. This system alone made more than 6,000 pips alone from December to mid April, so i am very confident that it will be a very profitable system. Remember, my objective is always to help you guys make money in forex trading.

Latest FXDD demo account update screenshot.

FXDD Auto Trading System Update

Not a smooth ride this week for the DeMarkTrader Expert Advisor in FXDD forex platform. Last week pip count was at 755 but this week heavy losses resulted in several trades brought down my total pips for May to 74 pips. Overall this account is still up about 30% since i started. I am still happy with the performance of this EA so far. If you are reading my forex blog for the first time, i demo tested this Demark method since end of November last year and it has been very promising to date.

While i was doing some forex trade analysis yesterday, I actually bump into something interesting on another project which i was working on. I found a method which made a 150% profit in 4 weeks only. This was actually done through compounding. This is indeed an interesting development on my side and I am all excited about it! :)

I am actually considering to post my login account and investor password for this account. Will keep u guys informed! Alrites here is the screenshot of the past week trades and the whole FXDD account summary.

ODL DeMark Expert Advisor +576 Pips

What a sensational performance again by DeMarkTrader Expert Advisor today. These trades were actually open on the final hour of last Friday trading. ODL closed one hour later than FXDD enabling the long trades to be executed @ 2.0330, I was in my bed sleeping soundly by then. All trades were closed today, positive numbers for GBP PPI catapulted GBP/CHF to 2.05ish. Well, I was already in the trade well before this news announcement...Like I had said previously, who cares about the news anyway? Our Demark method is purely technical. Period.

576 pips gain from all 4 positions from the trade taken on Friday. Impressive number. Within few days we have recovered from -636 pips to +424 pips. That is really powerful. I told you guys before this on my previous ODL post that this Demark Expert Advisor will bring us back into profit by month end...looks like it achieved the target within middle of the month. We will make plenty of money trading this method folks, just hang on...I am still doing some tweaking this EA...alot of you have been asking me when I will release this EA for sale, patience my friends...please subscribe to my blog via email. At least you will get the latest news when this EA is released for sale in the very near future.

Alrites, back to ODL trading summary for May 2008, here it is...

Total Trades: 36
Winning Percentage (inclusive of breakeven trades) : 77.77%
Total Pips: +424

This is the latest screenshot today...

FXDD Forex Profits Up By 270 Pips

Different result in FXDD if compared to ODL. ODL gained 484 pips compared to FXDD 270 pips only. Price feeds in ODL and FXDD are different, that's why the results are different. Ok lets' go back to our FXDD analysis for this week as promised by me earlier. The 2 trades which resulted one pip losses were due to some error in the DeMarkTrader Expert Advisor. I will investigate on this. However rest assured, this is a just minor bug in my EA. Overall it is performing to meet my high standard requirement.

Total Trades: 15
Winning Percentage (inclusive of breakeven trades) : 67%
Total Pips: +270

Overall FXDD Forex Account Summary in May 2008. Account is up by 36% using a low risk setting.

Total Trades: 26
Winning Percentage (inclusive of breakeven trades) : 69%
Total Pips: +755
TrendFilter: OFF

If trading @ 0.10 lots x (3 or 4) positions in a 4,000 Mini Account ( I actually recommend this medium risk setting if you consider yourself to be abit aggressive), the gains should be nearly 92% by now based on the EA performance since it started auto trading...

Below is the Screenshot of the forex trades placed so far by the DeMarkTrader Expert Advisor up to date.

ODL Auto Trading No Loss 484 Pips Profit

I told ya my DeMarkTrader Auto Forex System will make a comeback this week. The -636 pips loss experienced on 1st of May is on the way to breakeven, I think by end of next week we will be in profit folks...geez folks, can you handle the -636 pips loss in your first day of autotrading if you switch on this forex Expert Advisor on that uneventful day? Hey, with proper money management, you won't blow your account that quick with my trading strategy...but if you overtrade, then blame it on your greed...I blow off few accounts before when i started..you know why? GREED. Period.

Ok let's review this week trades which ended yesterday.

Total Trades: 20
Winning Percentage (inclusive of breakeven trades) : 100.00%
Total Pips: +484

NO LOSS TRADING WEEK. 10 of the trades were breakeven. My DeMarkTrader Expert Advisor has a special trailing stop feature which will breakeven trades when certain conditions are met. If you look at my last trades on Friday, we could have gotten more pips. I manually set a trailing stop value because of other factors which i considered. Hey, guess wat, the last trades we profited about 259 pips...I know, we could have made more...Folks, NEVER let a winning trade to be a losing one...

WARNING! If you use my EA to autotrade next time, please don't nag to me and blah blah blah that you could have gotten more pips! If you want more pips, then don't set the trailing stop but if market reversed and your SL got hit, blame it on your GREED. Don't whine and grumble to me if you didn't follow my instructions when using the EA next time. Hey where are in here together because we want to make money yah...Oh well, maybe I embed this Trailing Stop feature into the EA INSTEAD of setting it as an OPTION...

I have done my research forward testing on 15 pairs with this DeMark Expert Advisor and I can tell you that not all pairs are profitable. The closest pair came to matching GBP/CHF is GBP/JPY...but Sterling Yen is not as consistent compared to Sterling Swiss...that's the reason i dropped it from using this system...

Let's total them up for the whole month of May to date:

Total Trades: 31
Winning Percentage (inclusive of breakeven trades) : 75.00%
Total Pips: -152

On the overall analysis if i include April and May, my statistics would be like this...

Total Trades: 88
Winning Percentage (inclusive of breakeven trades) : 77.27%
Total Pips: +1,899
Trendfilter: NO

I like the statistics so far on my ODL demo forex account. If i include my previous account haul of 6,200 pips, we will be up by 8,000 pips overall. Ok here is my latest account statement. My FXDD analysis will be out shortly.

FXDD DeMarkTrader Expert Advisor Update

Short positions were carried over the weekend and close today. My Demark Forex Trading System have proven itself as a winner and winning alot of pips in the process. I have analyzed 15 currency pairs which I tested way back last year November. Consistency is what my Demarktrader Expert Advisor is all about. This auto forex system has been consistent with its performance over the last 5 months using ODL broker feeds and I am confident it will work well with FXDD too!

Oh well, i just started testing FXDD with this EA for a couple of weeks now. Results have been promising. Today the EA bagged about 443 pips to finish off May trading so far at 485 pips. Last week the EA had 4 wins and 3 losses as you can see from my forex demo statement below. Sometimes this EA will open between 2 to 4 trades at one time depending on the feeds it gets from the broker. If you do not use Trendfilter, this means EA can open up to 8 positions (4 buy and 4 sell) at one time...I have seen it happening before when both trendlines are broken in the space of a couple of hours...

The FXDD forex demo account is now up by 34% with a total of 3,494 pips since starting. For the 2 weeks of April, the EA collected a total of 3,004 pips! This is truly my favorite expert advisor at the moment. I did not activate my trendfilter for this FXDD test, this simply means that it will open long and short positions regardless of the trend at this moment.

Date Started: 16/4/2008
Total Trades: 63
Winning Percentage (inclusive of breakeven trades) : 71.42%
Total Pips: +3,009

May got off to a flying start. Here is the update on May performance so far:

Total Trades: 11
Winning Percentage (inclusive of breakeven trades) : 72.72%
Total Pips: +485

Let me stress to you that the test results shown here are slightly different with the ODL results. When you get your hands on this EA next time, it is your choice which broker you prefer to trade it on. My Tested brokers so far is FXDD, Interbankfx and ODL. If you choose other than these 3 MT4 brokers, then I will say...TRADE it at your OWN RISK. Don't say I didn't warn you alright.

Click the FXDD forex statement below and see for yourself how I made 3,494 pips within 3 weeks at 71% Winning Rate...Not Bad Huh... Let's enjoy the trading days ahead of us for this week!

ODL DeMarkTrader Auto Trading System Update

The new account testing on ODL Forex Broker MT4 platform using DeMarkTrader Expert Advisor which started from 16/4/2008 has been profitable and consistent. Previous account testing on ODL which i have since stopped yielded 6200 pips within 5 months (Using Trendfilter). If you missed this posting, you can refer here.

Let's analyze the April performance for my Demark auto forex system...well, not really full month of April though...

Date Started: 16/4/2008
Total Trades: 56
Winning Percentage (inclusive of breakeven trades) : 78.57%
Total Pips: +2,051

May got off to a slow start. Here is the update on May performance so far:

Total Trades: 12
Winning Percentage (inclusive of breakeven trades) : 33.33%
Total Pips: -636

Oh well, it is still in the early weeks of May, I am confident that by end of this month, we will be in profitable zone. Overall performance, the account is still up by 1,415 pips, profit is up by 14% overall. The discretion to trade with or without the trend depends on you. I am not using trendfilter for this demo test, however, my live account is using trendfilter. Below is my latest forex statement from ODL.



Hey by the way, you wanna know how the DeMark expert advisor performed without trendfilter between April 1st to April 15th? Here it is, check out the screenshot below. It was running on my previous ODL account. Total 2,322 pips. If i add up to the pips on my new test account, the total is actually 4,373 pips. Whoa! That's the mother of all pips i call it!

Ok let's add up both (old and new results) and see what's the statistic is...

Date Started: 1/4/2008 - 30/4/2008
Total Trades: 88
Winning Percentage (inclusive of breakeven trades) : 86.36%
Total Pips: +4,373

April 1st - April 15 2008 DeMarktrader EA performance without Trendfilter screenshot below.