Demo Journal

Been a long time since I was around the Forex community, but I'm back on a demo account. Unfortunately it seems that no broker with low enough spreads would allow me to execute my previous system without putting me on manual execution. Brokers that won't put me on manual have spreads that are too high.

Time for a new system... testing on demo. Results so far here:

http://www.sundownaudio.com/forex/5-...dStatement.htm

From 5/8/08 to 5/21/08 so far today I'm up a bit over 16% on 96.61% winning trades.

Currently running at low risk with small partial lots to get the hang of it again.

Are you saying no broker will allow you to run your previous EA??

Rusty

I wasn't using any EA before for my old strategy (I had some logs posted here), just watching the charts all day and doing it by hand. Involved larger lots and less pip movement primarily at certain times of the day.

I've got an EA in combination with manual trades now. Involves more pip movement so I don't think it'll result in me getting put on manual.

Most of the smaller trades you see are my manual trades - most of the larger trades are from my EA. I keep an eye on the EA as well and often will close trades for it if I think it's on the wrong track.

My old method was much more profitable but did require me staring at my graphs ALL day and I found it quite stressful - risk was also high as I was using much larger lots. It worked great on demo, but as I said, I got put on manual every time I tried it live.

By Manual, what do you mean? Did you have to call in the order?

Rusty

Basically... once I starting making winning trades for a few days in a row my trades were no longer instant. It is referred to as "manual execution" since the dealing desk would then have to approve my orders before they would go through.

None of my orders would close in profit at this point, only at zero or a loss - any attempt to close an order in profit resulted in a re-quote until it went to zero or negative.

More legit brokers had spreads too high for that strategy - it required 2 pips on EUR/CHF (primary pair used) and EUR/USD - sometimes USD/JPY.

I see now.
Rusty

Indeed. It was pretty discouraging after how well I was able to do on demo to be re-quoted on nearly every trade.

I haven't messed with it for over a year and a half until recently. Testing some new methods out and a new broker whenever I decide to go live.

I, also, have just got back to FX after about 17 months off. I am working on taming one of my favorite EAs so it doesn't blow up all the time. And taking a few manual trades here and there as well.

Not much activity since last post - have been waiting on some trades that I entered too early. My EA entered a long position EUR/USD and I entered two more. I closed mine already at small profits (typical for my method) but the EA position was entered higher so is still open.

May be able to close it in small profits today.

Testing how far my EA will let a losing trade go... a bit too far for my taste. So the overall return is now down to 2.036% overall for 21 days.

In the future I will close EA trades if I feel that they are not on the right track. This is what demo is for

Have only been using EUR/USD up until now will expand to USD/JPY and GBP/USD as well.