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.: FXTradepro EA Testing :.

  • #21
  • May 14, 2008 11:11am May 14, 2008 11:11am
It's a fresh sequence at level 1.
Do not focus on making money; focus on protecting what you have.
  • #22
  • May 14, 2008 11:19am May 14, 2008 11:19am
Quoting Vensik
I saw that. Profit! Hehe
Back to 1.5476 from 1.5462 and the 30-min RSI has broken above its intraday declining trend line. And we earlier bounced off the 1.54 strong support. I'll eat my hat if this one goes wrong Vensik. Wait... I better go and get the salt and pepper now based on current performance!

http://www.tradingcentral.com/chart/...0514175814.GIF

Do not focus on making money; focus on protecting what you have.
  • #23
  • May 14, 2008 1:19pm May 14, 2008 1:19pm

I'll go and get the ketchup.


Islander, here's a blast from the past. It still makes me smile today. Remember? It's over a year old now. Time flies.
Do not focus on making money; focus on protecting what you have.
  • #24
  • May 15, 2008 12:57am May 15, 2008 12:57am
The long at 1.5462 from yesterday is now at 1.5496 and has reached Level 5. This appeared a perfect opportunity to go long again and while writing this the new long at Level 1 from 1.5494 has got to Level 3 on a spike! Long to short and back to long. It's all here.
Do not focus on making money; focus on protecting what you have.
  • #25
  • May 15, 2008 1:07am May 15, 2008 1:07am
Quoting Why Oh Why
The long at 1.5462 from yesterday is now at 1.5496 and has reached Level 5. This appeared a perfect opportunity to go long again and while writing this the new long at Level 1 from 1.5494 has got to Level 3 on a spike! Long to short and back to long. It's all here.
A 24 pip move in 5 minutes caused the long from yesterday to close at TP and we broke resistance at 1.55. On that EA hibernation is set to false so another long went in at 1.5513 which, at this time, I'm comfortable with.
Do not focus on making money; focus on protecting what you have.
  • #26
  • May 15, 2008 5:49am May 15, 2008 5:49am
I am Level 2 short from earlier but I'd actually favour being long right now. So another EA on another chart has just gone long at 1.55 and I'm looking at us getting to 1.557.

However if we go below 1.5488 then there may be downside to 1.5451 & 1.54. So, again, what I consider to be superb entry levels and we'll get both directions and one position will reverse on the way up or down. The earlier upside breakout of the 1.55 congestion area should cause a further rise.

http://www.tradingcentral.com/chart/...0515100905.GIF

Do not focus on making money; focus on protecting what you have.
  • #27
  • May 15, 2008 6:19am May 15, 2008 6:19am
I'm looking for a bounce off an intraday bullish channel support, currently at 1.5475 (this level is also 50% retracement of the rebound from 1.54). However, intraday indicators are mixed to bearish, so 2 sequences with their tight stops might get stuffed before we get anywhere.

Long at Level 3 and short still at Level 2. It's all here.

http://www.tradingcentral.com/chart/...0515121531.GIF

Do not focus on making money; focus on protecting what you have.
  • #28
  • May 15, 2008 7:08am May 15, 2008 7:08am
Quoting Why Oh Why
It's all here. And a nice graph!

Cumulative loss to date $53.50.
Shorts open Level 2 and Level 4.

Cumulative loss to date $22.60. It's all here as always.
Do not focus on making money; focus on protecting what you have.
  • #29
  • May 15, 2008 8:21am May 15, 2008 8:21am
That is too high and it is clear that I haven't got a clue what I'm doing. In hindsight I must have been wrong on my entries. But they were carefully selected for the reasons I gave. Dan hasn't had a loser - every trade's been profitable at or before Level 7. 3 Losing Sequences and 46 trades later we're at a loss of $57.88.

I'm going to look more closely at the actual trades taken by myself and Dan to see why this might be. It's just a shame that he chooses not to publish a live statement when it's so easy to do and every trade is published after it's completed. I'll ask him if he'd be happy publishing his entries in his journal within a few minutes of making them or at least before they're completed.

We're back to Level's 4 and 5 long open.
Do not focus on making money; focus on protecting what you have.
  • #30
  • May 15, 2008 9:37am May 15, 2008 9:37am
John.....I will answer you below - see my comments in RED



Quoting Why Oh Why
.........I haven't got a clue what I'm doing. In hindsight I must have been wrong on my entries. But they were carefully selected for the reasons I gave. John, you are likely focusing on the wrong things in looking for your set-ups. And perhaps you are over-trading. I really do not have the time to analyze your entries but you need to enter at a Time and Place where the likelihood of hitting the Target BEFORE reaching 7 entries can occur. Generally, your best odds are just prior to the UK Session. You should notice that any trades I take at other times are my "Progression Scalps" which have a smaller Target.

Dan hasn't had a loser - every trade's been profitable at or before Level 7. 3 Losing Sequences and 46 trades later we're at a loss of $57.88. This is INCORRECT. I had a losing Sequence last week - I think it was Sunday night. Also, my recent results are a bit better than usual, although I do have some periods like this.

I'm going to look more closely at the actual trades taken by myself and Dan to see why this might be. You can certainly review my charts and see what you can determine.

It's just a shame that he chooses not to publish a live statement when it's so easy to do and every trade is published after it's completed. I'll ask him if he'd be happy publishing his entries in his journal within a few minutes of making them or at least before they're completed. Listen, John, I have no interest in publishing my Live Statements as I am sure that many Traders would not want to do so on a Public Forum. Also, I do not have the time to Post my entries as they occur (I need to focus on my Trading) nor am I interested in providing Trade Signals. If you take some time and understand this method, I am sure that you will be able to find the way.

My advice - focus you attention on avoiding a tight range and not on direction and only look for 1 Set-Up per day.
  • #31
  • May 15, 2008 10:13am May 15, 2008 10:13am
A considered reply, as always. For my part, I have now reviewed my entries and yours in some detail. Unfortunately, I believe I will continue to make poor entries based on the criteria I assess. My focus was clearly to avoid a tight range in all instances. It is with that in mind that I draw this exercise to a close.

I wish you all the best and thank you for your prompt replies to all questions raised here and elsewhere.
Do not focus on making money; focus on protecting what you have.
  • #32
  • May 15, 2008 11:59am May 15, 2008 11:59am
Have you tried 20P S/L & 80P T/P?
  • #33
  • May 15, 2008 2:11pm May 15, 2008 2:11pm
I stayed with 40 and 10.
Do not focus on making money; focus on protecting what you have.
  • #34
  • May 16, 2008 12:33pm May 16, 2008 12:33pm
A video with the last four hours trades has now been uploaded. It'll stream when you visit here. These are not FXT EA trades and I'll now let this journal drift away in to quiet retirement. Have a great weekend everyone.
Do not focus on making money; focus on protecting what you have.
  • #35
  • Last Post: Feb 17, 2009 12:26pm Feb 17, 2009 12:26pm
what is EA ?
sorry, im a rookie!
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