Tipsters Trades - The Good, The Bad, and The Ugly

I wrote an EA as a tool to allow me to place trades from sloped trendlines. The EA does a screen capture when the trade closes. The code isn't perfect yet for the screen capture but it's progressing. The code works well for the actual trading component though. I'll post the screen shots here with my comments.

For the first trade I'll post, of course it will be a winner. I have to fix the EA code to make better captures as some info is missing. The original stop placement is hard to see, and the P/L doesn't record properly.

Blue = Entry
Green = Target
Red = Stop (current at time of trade close)

The Trade; Sell break up up slope trendlines, target is lower up slop trendlines from higher timeframe. Trade date was a few days ago.

The Good; Once price broke, it never looked back.

The Bad; Although the target was hit, I may have moved the stop too far too fast. Generally I like to move the stop to BE to avoid time when prices toys with the breakout. I find if price breaks down, it will do it fast and hard. I'm not interested in hanging around for price to whipsaw me for a loss. I don't use specifi number of pips for a stop, I use previous price points.

The Ugly; This was a counter trend trade if you were looking at the weekly or daily. It doesn't matter, I got paid, which isn't ugly at all.

Where do I send the gift? Thanks to the BOJ I made some great pips last night, what a total fluke. Well, not really. I already had the orders placed before they dumped 17 billion. Here are two charts, I traded EURJPY for 229 pips and USDJPY for 66 pips.

Blue lines re the entry.
Left chart - buy stop off a down sloping trendline.
Right chart - after price broke out off the down sloping trendline, I placed the buy limit pending order. Luck? Totally.

The thick red lines are my stops I moved up before I called it a night and went to sleep.
The thin red lines are my original stops.

I use an EA called TipsterTrendlines.

I posted more info on this at my blog. Check my profile for the link.

The Good - I didn't react and take profits, I checked news and headlines and let the price run. Took a huge chuck out of the available pips.
The Bad - I lost some sleep because I stayed up to monitor the price run. Lot size was small because I'm looking for consistency before increasing size. On a percentage basis of account size, it was tidy!
The Ugly - The BOJ thinks this will help. Good luck with that. See you at the 1994 low!

No trades to report on of any significance. After the BOJ move I haven't seen anything worth trading. I think I'll let the market find its way first, and I'm watching USDJPY for that.

I'll spend the time finalizing Tipster Trendlines EA, I added 3 features and 1 is still buggy.

Shake rattle and roll babies.

tipster out.

I finally have my EA up and running on the live account. It's doing OK and bringing my account back to where it should be after my manual trades have taken it down. I find that having an EA running with open trades lessens my desire to trade so I dont over trade now. I have my stats posted on MTI Live now, the link is on my blog blog.tipster.ca
I'm in the green for a change.