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.

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.

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!

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...

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.