ODL Demark Expert Advisor June Report

Demark Expert Advisor closed the month of June for a total of 602 pips. Rebounded from the previous month of May which closed with a disappointing 1544 pips loss. I have done a recap for the system combining both my demo account 71909 which i stopped on 15 April 2008. The reason i change to another demo account in ODL is because the previous account I had records of trading with multiple pairs. In order to simplify everything, i ran this EA on another forex demo account in ODL with the account number 212530. I have since merged both datas and compiled it at the screenshot below for your preview. As of July 4, the total pips for this Demark Auto Forex System is at 7485 pips. The performance in July this month was not included in my total pips count.

The ideal balance to start is 4,000 if you are trading at 86 cents per pip. If you are starting with 1000 dollars in your live forex account, you should be trading at 0.02 lots in a standard account. With this setting, if we started from November last year trading with this EA, our return now would be around 173%. I am looking at 200% gain by next month August hopefully. I have also look at this system trading at fixed profit target, but the results is not really impressive actually. i still think that having 4 different TP will be ideal with this Demark Trendline system. If you think the statement below is too small or not clear and you wish to have the original HTML file, please email me. At the mean time, below are the results as of 4th July 2008.

ODL June Demark Expert Advisor Update

Last week was a very busy for me...that would explain to you as to why there was no updates lately. Over the past 2 weeks, I was also testing fixed lower TP value of a certain amount of pips and another test which is based on a fix trailing stop and a higher TP. Having a fix TP means that it will enable me go into compounding mode with this EA. The testing has been impressive so far on GBP/JPY compared to GBP/CHF. This test is actually done on 2 great brokers (I bumped into them recently) which offers quite low spreads (4-6 pips) on both this currency. I will let you guys know about this brokers next time once my EA is in full swing.

Alrites, lets move on to my analysis on June trades for the DemarkTrader Expert Advisor. I am still observing the performance of my original trendfilter while comparing it to another filter which I thought about recently. The pips are up to about 237 trading the EA without using the Trendfilter. There is 3 floating positions with SL at breakeven at the moment going into the weekend...let's see how it fares tomorrow. To be frank, I am still not satisfied with the overall performance of this EA, I think I can still improve on it.

Screenshot of my auto forex trading results using ODL broker feeds for June.

ODL Demark Expert Advisor Nov 2007 - May 2008 Autotrading Results

I have done an analysis on Demark Expert Advisor over the weekend on ODL forex demo account to compare the results trading with the Trendfilter. Trendfilter ON means trading in the direction of the trend. The results I achieved so far is quite interesting and I wish to share with all of you.

These results were based on 2 different demo accounts which is 71909 (first account) and 212530 which i opened recently. I have compiled the results taking out the lot size, swaps and profit value because I was trading at different lot size in both accounts.

From my analysis, I would say that an opening balance of 4K is recommended if you are trading at $10,000 Lot which gives a return of $0.86 per pip. This would be an ideal balance if you wish to preserve your account to last longer. If you are trading at 1K balance, then a $2,500 Lot is recommended. Of course, if you are more conservative, then I would encourage you to have a higher balance but please remember that your return will be lower. Low Risk = Low Gain.

This simply means Recommended Lot = ($10,000/account balance).

A $10,000 Lot size simply means 1 Lot on a MINI ACCOUNT OR 0.1 Lot on a STANDARD ACCOUNT.

Usually when a trade executes, about 3-4 positions will be opened which means expect 3-4 Lots to be opened on a MINI ACCOUNT.

Using this expert advisor on different brokers will yield different results. I will post my FXDD results later so that you guys can compare the difference. Rite now I am only testing this EA on ODL, FXDD and Interbankfx. I am going to test on another MT4 broker which is quite reputable in the forex market. I hope this broker can give a result almost similar to ODL. If it does, then I will let you guys know who this broker is.

Alrites, let me show you the comparison trading this EA with a trendfilter.

With Trendfilter ON

Account Balance: 4,000
Profit: 5,798.12 ($0.86 Per Pip)
% Gained: 145%
Winning %: 71%
Timeframe: H1
Date Started: 27 November 2008
Results by Month:
November 07: -4 Pips
December 07: +2,914 Pips
January 08: +1,414 Pips
February 08: +906 Pips
March 08: -154 Pips
April 08: +1,517 Pips
May 09: +149 Pips
Total Pips +6,742

With Trendfilter OFF

Account Balance: 4,000
Profit: 5,694.14 ($0.86 Per Pip)
% Gained: 140%
Winning %: 65%
Timeframe: H1
Date Started: 27 November 2008
Results by Month:
November 07: -326 Pips
December 07: +2,862 Pips
January 08: +1,060 Pips
February 08: +1,006 Pips
March 08: -902 Pips
April 08: +4,373 Pips
May 09: -1,544 Pips
Total Pips +6,529

As you can see, total pips difference is not that many. However, trading without Trendfilter can be a disaster when you look at the losses in March (-902) and last month May (-1,544). Imagine if you guys traded this EA on May with Trendfilter OFF, could have wipe off 38% of your account easily. Looking at these results, maybe when I release this EA for sale it will be trading with Trendfilter ON only. One more thing, maybe we should just ignore the November results...I am gonna post the FXDD results in a few days time which are the results for April and May. I hope to release this EA for sale really soon. Stay tuned to my forex blog.

In the mean time, let's look at the screenshots of both results. Highlighted in yellow are trades executed in my first demo account 71909. Feel free to mail me at autopips@gmail.com if you have any questions regarding this Demark Expert Advisor.

Trendfilter ON


Trendfilter OFF

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...

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.

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.

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.