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.

GBP/CHF Demark Expert Advisor Trading Performance Up To Date (With Daily Filter)

Hi Guys,

I am back. Been having some hectic days lately. My Demark Expert Advisor is still undergoing major forward testing. At the moment, I am only testing on 2 currency trading brokers which are Interbankfx and OLD Securities. So far I am pretty satisfied with my auto trading system on both these platforms. The only thing is that there is still some bugs to be fixed before I release it for sale...

Here is a true story which happened last week. On one occassion, an erratic trade was opened on in the ODL platform for the GBP/CHF pair. I was disconnected for about 4 hours and when it reconnected, trade was open even though the price was in between both trendlines...Weird.. It should not have open in the first place. Well, i am working to fix this bug to make sure such things won't happen in the future...I will post this erratic trade on my ODL Demark Trading analysis in my next post...

For my loyal readers out there who can't wait to purchase this EA, please be patient. I wouldn't want to rush into selling my EA to you all. Although I can't wait to sell it, but I need to ensure that only quality EA will be sold; that is after extensive testing have been done and most important I do not get weird trades opening.

In this latest update, I am focusing on the Demark Expert Advisor performance trading the GBP/CHF on the Interbankfx Platform on the Hourly Timeframe. I have decent results for the past 2 months, +1,221 pips for January and +259 Pips for January to date.

GBP/CHF Auto Trading System Results for January and February 2008



If you look at my statement, you can see that my trade lots are different. This is because I am testing the Money Management aspect for the EA which is based on Equity Stop. What this means is that I will risk a predetermined amount of my account on a total of all 4 trades. I have set it to 2.5 percent for each trade, this means risking a total 10% of my account in for all the 4 trades opened. Once the equity risk % and stop are determined, the EA will then open the appropriate lot size. At the moment the EA is opening the lot size as I wanted. However I am still testing this MM feature to make sure it's working fine.

With a 10% risk, the EA have been making a total of 73% profit for the past 2 months. Impressive returns! However 10% would be considered as very aggressive to me. I would not recommend this setting for anyone who is going to trade using this EA in the near future. My personal recommendation is to risk about 4% if you have to open 4 positions at once. If the EA can return about 10-20% monthly, I am more than happy. Let's preserve our account for the long term. 10% monthly will generate about 120% return annually. Let's not be greedy. However if you wish to risk 10% of your equity, it's your choice.

By adding a daily filter to the Demark Expert Advisor, I have eliminated bad trades from opening. However when I compare my results in Interbankfx (using Filter) with the ODL (No Filter) platform, I noticed that the results of trading in ODL for the GBP/CHF pair is just as impressive. In my EA, i will have an option if you would like to use the filter or not.

Looking at my last live currency trading which i bagged about 360 pips on the GBP/CHF pair, we could have earned more pips if I let my last trade to run instead of exiting at my preset TP at 2.1654. It rallied down further till 2.1257... Wow! Another 400 pips profit if i were to let it run! I am now thinking of manually changing my fourth trade TP so that i can grab more pips! At the moment I am still bearish on GBP/CHF. For this week, my EA is all set to run in my live account. Let's see how the Demark EA will perform in this coming week.

I am convinced that this EA will work well trading the GBP/CHF pair. For the other pairs, I am still testing. I hope that the GBP/JPY will show some consistency as well. Rite now GBP/JPY is in negative territory; Let's hope it's fortune will reverse this week. As for other pairs, I am still not convinced that it will be consistend over the long run though...

Stay tuned for my ODL H1 Trading analysis on all pairs which I will be posting soon...Have a great week ahead!

Live Forex Trade GBP/CHF +360 Pips Today

I made money selling GBP/CHF mini lots today and book around 360 pips! Fantastic!

I'm out of the market now, although the selling pressure is still on...it's around 2.1631 as I am writing now. I am predicting it to fall and consolidate around the 2.1539 area... :) Let's see if my prediction is true or not later today or maybe tomorrow...

I expected some pullbacks for the bar after the TD trendline was broken. So i manually set limit orders at 2.1750 instead of the bar open which was 2.1748 :)

My Live Forex Money Blog Analysis on the GBP/CHF H1 Chart

**The original TD Trendline which was broken is already redrawn in the chart below at the time i save this chart.



My Auto Trading System on Demo accounts is also showing fat pips at moment! Stay tuned...

GBP/CHF +539 Pips, GBP/JPY +243 Pips Forex Auto Trading System

2 trades were open on the 11 February 2008 by the Auto Trading System Expert Advisor (EA) that I am currently test running. So far the auto trading and testing has been quite smooth. I am very happy with it's performance so far.

Both trades were Sell GBP/CHF and Sell GBP/JPY which yielded 539 Pips and 243 Pips respectively. All trades were open by the Auto Trading System after the TD Trendline has been broken.

Please refer to the charts posted below for further info on the Auto Trading System.

The Perfect GBP/CHF Forex Auto Trading System in January 2008 (2,543 Pips)

2,543 PIPS on GBP/CHF Auto Trading System alone in January 2008.
This Auto Trading System was set on H1 Chart using IBFX Trading the TD Trendline Break.
A CLASSIC & PERFECT Forex Trade for Cable Swissy.
No Losses was recorded...well except for some interests paid in a few orders.
All trades were opened to follow the Daily Trend only.
And this is how I did it.




I didn't test this week though...Lunar New Year...

But the results are promising so far...Let's see how this monster performs from February 11 onwards...

ODL H1 Forex Trade Summary Update

Updated Auto Trading System on ODL Platform

ODL account balance is at 24% profit, down from 35% from the previous analysis. Last trades was opened on the 28/1/2008. I didn't open further positions till now as I am kinda busy preparing for the coming Lunar New Year. I will let the current positions to run now and see how it closes for this week. I will resume my test on ODL next week once I am back from my Lunar New Year Holidays!

Looking at the analysis, I am getting really good and consistent results for GBPCHF, GBPJPY and EURCAD. My OBJECTIVE to do this test is to find the best pair to make money for Demark Trendline Trading in this blog of mine. So far these 3 pairs have been consistent for the past 2 months.

EURJPY @ -1327 pips and GBPUSD @ -1803 pips is the worst performers for this month. I am surprised by EURJPY performance this month though..I thought it would perform better.

Here are the analysis for ODL H1 so far..







Stay Tuned for fantastic updates on my IBFX H1 trades with Daily Filter and Trailing Stops.

New Filter For Demark H1 Forex Auto Trades

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...

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.

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.

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!

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.

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!

ODL H1 Trade Summary by Pair

Hi guys,

I have done a small analysis by pairs for Demark H1 trades using ODL feeds. I think that GBP Crosses is showing alot of potential to be profitable pairs using this timeframe. I will let it run for January 2008 and see how all the pairs will perform...but at the current moment, i think GBP Crosses are my favorites! For GBPUSD...let's give it a benefit of doubt first...I truly hope that all of you readers out there have benefited from my analysis. Our goal is to make money in this brutal forex market.

IBFX n ODL Clarifications

Updates on my Auto Trading System

For H1 ODL, i am trading at 1 standard lot with 100k balance, pip value is between 8.64 - 10$ per pip.

For H4 IBFX, i am trading at 1 mini lot with 10k balance, pip value between 0.86 - 1.00$ per pip.

Please don't confuse yourself with my data.

I get the Realised Pips just by calculating the difference between Close n Open price.