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  • #647,601
  • May 25, 2012 4:55am May 25, 2012 4:55am
Quoting trade4fun
i know you guys dont believe much in EAs.

i can understand that very well. since i have seen god knows how many Eas fail. however check the attached statement.

it is an Ea running on EURUSD demo account live. so not done in stategy tester.

a friend of mine created an EA based on pure price action. it does not use any indicator at all. just pure math.

the account of 3000 went up to 8800 in 6 weeks of time. and open is now -220.

testing it also on small live account now, to see how much difference it is compared to demo account. and so far...
largest loss trade is bigger then the largest profit trade, that trade system is bound to blow up an account.
  • #647,602
  • May 25, 2012 5:04am May 25, 2012 5:04am
magiccoan thanks for the input.

but it aint about a single trade. it trades in baskets and single trades. so dont look at single trades like you do now in the statement.

it is a pure based math EA, which means it opens orders the whole time, and with the trading logic of the EA it will make profit.

also for the obvious. the account number and account name and broker name have been changed.

should i add a picture in this thread of the main chart?
  • #647,603
  • May 25, 2012 5:06am May 25, 2012 5:06am
Quoting fxanonymous
wait a bit. the price could also be ranging at this point. if the price bounces on the resistance (the 25-EMA on the 1min chart) this means it is a bearish market. if it goes back above the EMA and bounces on the upper bollinger band then we are ranging and the bands will become support and resistance.
yep and now we should prepare to enter a downward move. descending triangle forming in 1min and 5min chart (see below). shorting at 2585 would be good.

expecting a breakout to the downside in the next 15minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: 50ema-1h.gif Size: 48 KB
Daily Target: 20 pips
  • #647,604
  • May 25, 2012 5:14am May 25, 2012 5:14am
Quoting fxanonymous
yep and now we should prepare to enter a downward move. descending triangle forming in 1min and 5min chart (see below). shorting at 2585 would be good.

expecting a breakout to the downside in the next 15minutes.
Really ?
  • #647,605
  • May 25, 2012 5:17am May 25, 2012 5:17am
Testing now other markets.

If they make turn here, euro drops. Otherwise we see pop up.

Nothing decided yet.
They think they are smarter than I am.
  • #647,606
  • May 25, 2012 5:18am May 25, 2012 5:18am
Quoting marbellafx
Really ?


hahahaha
Daily Target: 20 pips
  • #647,607
  • May 25, 2012 5:19am May 25, 2012 5:19am
Quoting trade4fun
magiccoan thanks for the input.

but it aint about a single trade. it trades in baskets and single trades. so dont look at single trades like you do now in the statement.

it is a pure based math EA, which means it opens orders the whole time, and with the trading logic of the EA it will make profit.

also for the obvious. the account number and account name and broker name have been changed.

should i add a picture in this thread of the main chart?
so why dont you use it?
  • #647,608
  • May 25, 2012 5:20am May 25, 2012 5:20am
Trying to break higher out of bull flag it's been in for past 2 hours. A solid break of 1.260 could see it climb as far as 1.2625
  • #647,609
  • May 25, 2012 5:22am May 25, 2012 5:22am
Quoting Z3iz3i
Testing now other markets.

If they make turn here, euro drops. Otherwise we see pop up.

Nothing decided yet.
Other asset classes are threatening to make a U-turn. Just sit back and wait til they do.
  • #647,610
  • May 25, 2012 5:22am May 25, 2012 5:22am
Quoting fxanonymous
yep and now we should prepare to enter a downward move. descending triangle forming in 1min and 5min chart (see below). shorting at 2585 would be good.

expecting a breakout to the downside in the next 15minutes.
downside ? it's up now
  • #647,611
  • May 25, 2012 5:22am May 25, 2012 5:22am
It is testing if enough strong bids in eur/usd FX to overcome reluctant favour for euro in stock and fixed income market.
They think they are smarter than I am.
  • #647,612
  • May 25, 2012 5:27am May 25, 2012 5:27am
1.2595resistance really is been stuborn
  • #647,613
  • May 25, 2012 5:44am May 25, 2012 5:44am
My short called and said it doesn't look good

http://s12.postimage.org/qf7caj925/euro.gif
picture hosting
swing it!
  • #647,614
  • May 25, 2012 5:45am May 25, 2012 5:45am
Move down is happening soon. The U-turn on other asset classes are starting.
  • #647,615
  • May 25, 2012 5:53am May 25, 2012 5:53am
Quoting Esssex
Move down is happening soon. The U-turn on other asset classes are starting.
US starting to come to market.
They think they are smarter than I am.
  • #647,616
  • May 25, 2012 5:53am May 25, 2012 5:53am
Notice this has been the trend lately.

Asia just plays it safe within the range.. London tries to pop it up ... US market plays it down / reverses the gain done pre-lunch by london.. pretty amazing stuff.. 3 days in a row now.. rinse wash repeat

Let's see how far this one goes... If it doesn't create a LL / break down at about 1.255 then i would say a HH is gonna be created.
Attached Image (click to enlarge)
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  • #647,617
  • May 25, 2012 5:58am May 25, 2012 5:58am
I see approx. 100 PIP range in the majors, and they reached the top.Scalper or daytraders should short now, but imo this Friday we will see a bullish market (profit-taking, brekaout etc.) Eurusd will reach the 1.2637-1.2680 range.

Good luck guys!!!
"Study the past if you would define the future." Confucius
  • #647,618
  • May 25, 2012 6:04am May 25, 2012 6:04am
Quoting littlemole
I see approx. 100 PIP range in the majors, and they reached the top.Scalper or daytraders should short now, but imo this Friday we will see a bullish market (profit-taking, brekaout etc.) Eurusd will reach the 1.2637-1.2680 range.

Good luck guys!!!
i agree on the bullish point with regards to profit taking..but i only see it coming to play after new york open and much towards the close of the market for the week..so in all i think we will close with some green bars born out of profit taking...CHEERS
Imanuel Parsifal
  • #647,619
  • May 25, 2012 6:09am May 25, 2012 6:09am
my Asian long from 24 kissed s/l @ +1 pip before shoot up
Mohan
  • #647,620
  • May 25, 2012 6:13am May 25, 2012 6:13am
Fundies vs Techies now.

Let's see who wants it more, I'm with the fundies though.
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