EURUSD Trader's Journal

GOAL : 3% PROFIT A DAY!

LAST UPDATED of 1st Post : December 29th 2014, 19:00 pm (GMT+7)

In the end, I decided to make my own journal. I'm a EURUSD trader and have my own unique ways to trade.

Here the things about my rules of trading :

1. I only Open Positions between 23.00 to 08.00 GMT.
2. I don't use regular SL, I'm using time-based SL, all my trades will be closed exactly at 21.00 GMT if using EA, otherwise will be closed manually. This rule is applicable to my first and my second formula only.

And here the things about my methods (I call it 'formula') :

1. NO INDICATOR AT ALL, just plain candlesticks.
2. I only use OHLC for my setup, but it's not really a 'setup', I just know wether it's a BUY or SELL everytime I count the OHLC using my simple formula and I will know the exact TP. So, if the price go against my positions (which is called sideway), I just need to open another position to maximize the profit because in the end the TP will be hit everyday. If not, my time-based SL will take control.
3. I rarely open positions on the 1st week and the 4th week of each month, simply because the candlesticks rarely matched the criteria. So, I can only maximize the profit on the 2nd week and the 3rd week of each month.
4. The original aim of my formula is just 5 pips a day. If you found me get more than 5 pips, that's because there was a sideway before my TP got hit.
5. My formula only works for EURUSD and the OHLC I count only from specific broker but applicable to all 5 digit brokers.
6. I'm using two three formulas, the first one for 23.00 GMT and the second one for 23.00 to 08.00 GMT. So, there will be maximum two positions everyday, but I can divide each position to many positions if there is a sideway. Currently working on my third formula.
7. I only trades H1 timeframe. Currently trying to add H4 TF to my rules.

That's all for now. I will post other details later. The main purpose of this thread is to keep me on the track.

Updates you should read :

1. more details about my formula, Post #6 to #10
2. about my third formula, Post #50 to #51
3. backtest of my third formula v1.0 and v1.1, Post #64
4. backtest of my third formula v1.2, Post #68
5. The secrets why the backtest of my third formula produced crazy results --> Post #92
6. The secrets behind these so called magic formula --> Post #112
7. The secrets of my third formula --> Post #120
8. How my third formula finds strong reversal signals --> Post #173
9. A test of my third formula on GBPUSD --> Post #174
10. Overview of my third formula indicator and the new backtest results, $100 to $10k --> Post #176
11. This is how I predict the next big move (it's just one of my analysis) --> Post #213
12. The secrets of my third formula (visual) --> Post #241

My Third Formula in Forward Test :

1. 16.69% in 11 minutes --> Post #125
2. 15.15% in 2 minutes --> Post #148
3. 15-17% in 16 minutes --> Post #241

my third formula in backtest :

EA_third_formula_v1.4_EN backtest results ($100 to $10k) :

Have a question in your mind? just ask...!!

Hi Ciptard,

Sound good, nice resulted.

Thanks for your post!!!

thank you.

I really like the idea of Time based SL and TP it makes a lot of sense and stops you from sweating out looking at the numbers. Mark Fisher who wrote logical trader has mentioned them in his book and subsequent interviews. One thing he says is that price hangs around in the same place for too long it gives other traders the chance to climb onboard and then you can become part of the retail herd, which is not where you want to be...

Good luck!

nice catch! I just realized that one. I haven't read the book yet, but it seems interesting.
Anyway, thanks.

Ok, a few things to add :

1. Even though my formula is only based on OHLC, it's not just a random formula, I've revised many things in the last year. And finally it comes to a state where almost 100% trades win.
2. From point #1, of course it's a good news for those who want to double their money fast.
3. I always use big lot size without regular SL. See post #1 point #2.
4. I'm not the one managing the Trade Explorer above, it's my sister. I manage my own accounts. But if she's busy, I'll be the one who take control of it.
5. Take a look at the chart below, that's how my chart looks like. I manage these accounts.

I felt asleep and this is what happen, damn!!! see top right of the image below..

I missed my chance for the first formula (23.00 GMT), I'm using my EA for the second formula because it takes too much time if I have to see 10 hours candles manually. So I won't miss that one if there's a chance.

Here's how the second formula works :

1. If candles meet the criteria, it will open position and aim for 5 pips.
2. If the price movements go against my position and the sideway reached 7 pips, it will open another position and aim for the same TP (5 pips + 7 pips).
3. Another sideway and more and more sideway? 17 pips sideway, 21 pips sideway, and 25 pips sideway, then it will stop open position and wait for the TP to get hit.

The chart below shows how my second formula works

I'm still working on the third formula where I open BUY position at the blue arrow and close position at the yellow arrow.

Hi Ciptard,

Look like very interesting, keep posting for learn !

Thanks!

The trades are very good resulted ! I am keeping follow very close those trade!

thanks. yeah, I'll keep posting more about it. just stay tune!

trade for today, SELL, TP at 1.22992

I hope the price will go up first at least 25 pips before the TP get hit, because that way I can maximize the profit.

Thanks Ciptard!
I follow everytrade!

you're welcome!
Ah, one thing you should remember. Forget the TE above, I'm not the one managing that one, it's my sister. I might open other position even if that one is not or vice versa. But we still using the same formula.

TP has been hit. Today ROI 4.19%

enough for today.

Well done

thanks!.

actually, today's trade for 23.00 GMT (my first formula) is BUY and TP at 1.23196, but the criteria for today's BUY is currently in a gray area. I call it that way because it failed once on November 18th within the last 6 months. So, I'll only take the safest trade for now. I'm still working on my revision for my first formula.

update :
my sister (who manage the TE above) did a good thing. She still opened BUY position by minimizing the TP to ensure the new TP get hit. I think wanna try that too next time. With 8% ROI for today, that's more than enough.