GCash Demo Journal

update at the end of the week:

1) it was a rather stupid idea of myself to trade during the us presidential elections... but as you can see in the post above, i was pretty confident what price was gonna do... at least when i wrote it. well, at least i learned something: stay away from the big news. guess everyone of us heard that already at least a hundred times...

2) im ending this week with a profit of 118.29 demo$ or 11.11%. to be honest, the best week ive ever tested.

3) on my second demo account i made 55.46$ or 5.55%. ...but, i started in the middle of the week. so this weeks result may not be compared. for next week im trying to find a way to avoid major news with this account. i will try to increase volume in strong trends. reverse positions earlier if it seems obvoius to me. stuff like that...
so at the end of the week it will be nice to see whether i can beat my own full automated trading result or not

have a great weekend...

yo!

its wednesday evening, i woke up two hours ago. im feeling real bad, but it always feels that way after a night shift. but luckily i do only have to work there a few more month.

this weeks testing is not as smooth as usual. btw, let me take a screenshot for you guys... as you can see, the distances between the closing of orderblocks is ways larger. this is a result of price going up and down again and the ea trying to change direction every few trades. this weeks profit so far is 36.50 demo$. that is not too bad, but target still is (like always) to get somewhere near 5%.
price is currently not going into one direction as it has been last few weeks where i had extraordinary testing results...

i wanted to write something else but i forgot it... next time...

part 2,

there are many ideas i had: one of them is to trade another demo account where i can manually intervene. but, the major problem with that is that i just dont have no time. (hate my job, haha)
another nice idea i had last few days was to demo trade the ea on other pairs. first i gonna do some research on my own to see which pair promises most stable trading with nice profits. maybe this will lead to a strategy of trading several non-correlated pairs simultaneously.

did i already tell u about the HUGE difference i noticed between forward demo testing and strategy tester backtests? its unbelievable! forward test are way better. can give you an example here from last week where it was especially obvious. forward testing made 118$ on a not even 1200$ account. while backtesting made 70$ on a 1000$ account. so, even after correcting the 70$ by 20% difference in account size and hence the difference in the target that is based on percent of balance we get 84$ what is way less then the forwarded 118$.
for other weeks the results dont differ that much, but there clearly is a gap, a gap favouring fwd tests.

have a good nite...

i need your help... i just stumbled upon this big mystery and i just dont get it...

the deal is this: i have two versions of the MT4 (IBFX) running (acctually its 3 but thats not important now). The thing is one is demo and one is live, yes i know im not posting anything in the live trading journal, but that is due to the lack of time for real trading i have.

back to the topic. i have the same chart, eurusdm, the price is the same and it moves in exactly the same moment as i have watched it closely. and yes, it was the best idea ever to get a second monitor so i can watch prices while i type here but i feel like im drifting off topic again...
i have the SAME chart, the SAME template, the SAME indicators, with the SAME settings... BUT the charts look different. and i just dont understand it. i have tripple checked the indi settings, and its the same.

if you read this, please tell me what im not thinking off, where the mistake could be. any idea you have would be most apprechiated.

im posting the both charts here so you can see the difference. while sar 5m(orange) on the live charts broke a few bars ago, on the demo chart its still showing long. i also checked the swing tops and bottoms, they are at the same price, so there is no difference between the demo and the live account.

please please, any ideas... write. and if you dont have any, say so. at least then i know that im not alone...

thanks

just wanted to post an additional chart here to show drawdown is low even in current market condition. we are changing direction quite often, but still drawdown is constantly under 2%. the only time it was higher was few weeks ago if i remember correctly...

testing week #5 from nov 9th til 15th is over. made profit of 68.15deom$ or 5.76%.

well, i didnt do no testing on any other pair this week, but i hopefully will do next week. once i have decided which pair to take...

just wanted to say testing was good even the market was not trending nicely...

Not a good week, so far. market is ranging. So far I made a profit of 11.22$, what is really low compared to other weeks where I would have that kind of result already on Monday afternoon, not on Wednesday morning. Apart from that, due to ranging market my EA is opening positions, hedging them, opening bigger positions in the opposite direction, hedging them again, opening even bigger... and so on... Right now, floating loss is around 10% of my account. A dimension I would consider displeasing.

Let's see if my EA can find a solution for this situation all by itself. But to be honest, I think it does not depend on my EA at all. The only thing that matters in terms of saving my demo account is a strong market move, also known as trend.

Chart attached.

Everything is okay now. The bad trade is over. Drawdown, as in floating loss, was up to 14% of my account. Yes, that really hurt, but luckily its over now. That nice breakout to the north saved my demo$$$.

Id love to buy some nice demo beer now, but too bad i got night shift. Im telling you, Im counting hours til the day i can trade fulltime again.

Have a good night...

Now trading is nice again. Everything seems fine. Profits keep coming. This week so far 56$.
Chart is attached. And I also got an additional 1h chart(below)... Looks like a triangle to me, although it might be a bit late for a breakout... We will see where EurUsd goes...

Opinions are welcome, like always

Caught in a range again. Currently causing a 6% floating loss. Like always I'm hopeful the EA will recover by itself. What other choice do I have?
Just good that this is only testing, cause it would be way to stressful for me to be stuck in a range every other day. Ive been thinking about how i could trade situations like these live and the answer is: I don't.

In #29, the previous post, you can see the triangle EurUsd is forming on the 1h chart. Maybe this will help to give it a new direction, and if it does it would be the right time to trade a nice 900+/- pips breakout. Although I'm not sure it will happen. It just might continue to range as well. Maybe there is no triangle at all and I just would love to see one. But still Im hoping for some move.

It was some serious drawdown but we made it. Sure, if I trade live I wouldn't sit and wait

Although the week started slow and I didnt expect we would close more than a few trades it went very well. Profit so far 55 something dollars. Just waiting for last block to close before I can start my weekend.

Screenshot below.

happy weekend everyone!

Im so glad I dont have to go to work today. I even woke up at 5 in the morning. But it really helps to know that the day will come I can quit and spend my time on forex again.

The last trade didnt get closed yesterday evening, meaning Im carrying this position over the weekend. I dont like that idea at all, since i dont like weekendgaps. But I also can see this in a positive perspective, telling me I should finally implement a "stop trading on friday"-feature to my ea.

enjoy ur weekend

Looking at my notes I found out that I actually started testing with a balance of 834.57$, not a 1000$ as I might have posted somewhere.

week1 (sep 14-19) 9.92%
week2 (oct 5-10) 9.56%
week3 (oct 20-24) 9.25%
week4 (nov 3-7) 14.17%
week5 (nov 9-15) 8.17%
week6 (nov 16-22) 4.39%
-----------------------------
after 6 weeks: 55.46%

That sounds like a good result, I think its quite okay. Its just demo performance. Its not profits I would make in live trading with the ea, since I would not set it and leave my computer.
The starting balance of just above 800$ is too low, it should be at least 1000.

hi journal and anyone else,

eurusd is on its way back up. it gives me a good feeling, because now i can say: i knew it. the sad part about it is, i just realized i have an account in usd. what means im short in eurusd... not as in a position, but for my whole account.

anyway, this week starts good. demo is at 29$ so far.

Again, another week is over...

This weeks demo result is +8.47%. That's very sweet.


Have a good weekend

first post is updated. after 10 weeks profit is now 92.11%. thats fantastic.

last week showed strong moved and as a result of that demo continued to go very well...

sorry didnt post any upadtes for quite some time, but i was working last 2 weekends.

1) ive been thinking about my demo account and i found out that i started with 800 and some dollars instead with 1000. so, for this reason i should actually change my profit calculation. so i changed my excel sheets and will accordingly change the 1st post, because there is a difference in risk if u have 800 or 1000 dollars on your account, and it would represent a higher risk in the beginning. so, although i took that risk, i do not want to represent it in any calculations since it would distort them.

2) net profit so far is 811.34$. earlier is would have stated that was 97.22% gain, but based on new calculations that 81.13%. still a good result, isnt it?

3) the few days before christmas were really interesting, market patterns didnt really look like eurusd any more. and yes, i stopped live trading for this year on fri 19th, just because im careful. monday still was a great day and demo made some bucks. tuesday started big range, went up, down, but not really anywhere. thats where all the trouble of a big range started. f/l went up to 10%. but in the end we managed to close even that trade in profit. but it does not really make a difference, since i just wanted to know how the untypical situation of christmas would represent itself in the market and what results my ea would produce on it.

4) screenshot attached.

dear journal,

what happened after xmas? well... the 3 days after the weekend until new year went pretty good, even volume was low... i found out that this system is not even doing that bad in ranges, if they're not too narrow and if there is a little breakout so the range channel changes a bit...

got some screen shots from dec 30th for you. showing slow profits, but profits.

dear journal...

jan 2nd was not a day i would ever trade again it was that friday, after thursday was new year and no trading... this was as lame as dec 25th... but since i got sick on jan 1st i didnt really mind to switch off the testing and its testing only anyway...

as you can see on the picture... that seems to be the beginning of a nice little range, like on of those we've seen the days before... after a few short orders a hedge and then changing direction to long. guess thats why its call stop and reversal but although im short now, price doesnt move south enough to get in profit and close all the orders...

dear journal,

jan 2nd story continues.... after price going up there is some valid short signal again, so we sell. what else?!... and we sell at a higher price than before, doing that is something i do really like coz its good for the average price... so that a little drop withing the range should be enough to take profits