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Forex Edge system

  • #1
  • First Post: Edited Nov 2, 2016 6:59am Oct 19, 2016 3:59am | Edited Nov 2, 2016 6:59am
Hi all:

I am a new member of FF, but have been learnt a lot from this forum. I have been trade for 5 years. Now I coded my new trading system- Forex Edge into EA. In this

journal I will record its performance.

The basic strategy of this system is trade while market is flat. So now it only open trade around GMT 0. It always takes profit at 5 pips while the stop loss is

dynamic which depends on market. The potential max stop loss of one trade can be 60 pips (which has never reached since August of this year in my back test). I use

10% of my capital per trade while the profit is around 0.8%. Now I trade 3 pairs: EURUSD, USDCHF, EURCHF, which gives best results.

Here is the back test of This system from August to October 18 (which is the max data I can get from my broker Tick mill). Forward test can be seen on my trade

explorer. Forward test results are same as back test on Tick mill, which I think makes this system profitable.

USDCHF:
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EURUSD:
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EURCHF:
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From now on I will post screenshot of mt4 live trades so that we can see the real risk of every trade.
Also added mql5 signal monitor: https://www.mql5.com/en/signals/232318
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(2016/10/31 updated)

Real time draw-down can be seen here (mql5 signal powered, max is 7.71% until 2016/10/31):
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PS: from post #12,13 we concluded that the reasons affect the performance of Forex Edge system are two:

1. Internet connection status;

2. Broker spread.
  • #2
  • Oct 19, 2016 4:40am Oct 19, 2016 4:40am
So far this system made 10 trades, 9 wins 1 loss, give me 5% return.
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  • #3
  • Oct 19, 2016 5:56am Oct 19, 2016 5:56am
RichardWang, thanks for this. Using this EA, what is the average trades per week, per pair, and how many pairs are you trading with? One last Question, what is your average profit on account monthly? What is a reasonable account size to start trading with this EA? Sorry for all the questions.

Thanks
  • #4
  • Oct 19, 2016 8:55am Oct 19, 2016 8:55am
Quoting Superwolf
RichardWang, thanks for this. Using this EA, what is the average trades per week, per pair, and how many pairs are you trading with? One last Question, what is your average profit on account monthly? What is a reasonable account size to start trading with this EA? Sorry for all the questions. Thanks
Dear Sir:

Thank you for your interest. Now I trade EURUSD, EURCHF and USDCHF, these 3 pairs give about 10 trades per week. To my back test, this system makes 100%

return from August 1st to now, while last 10 forward trades give me 5% return, which is same as back test. This EA has dynamic money management, so any account

size is ok. I will forward test it in the following two months then I will open a PAMM account, welcome to join me
  • #5
  • Oct 19, 2016 9:43am Oct 19, 2016 9:43am
Interesting system. Good Luck.
Subscribed
Everything will be okay in the end. If it's not okay, it's not the end.
  • #6
  • Oct 19, 2016 9:50am Oct 19, 2016 9:50am
Quoting theras2000
Interesting system. Good Luck. Subscribed
Hi Sir:

Thanks for your interests. And your message has been replied, please check.

Safe trade and wish pips with you!
  • #7
  • Oct 19, 2016 10:00am Oct 19, 2016 10:00am
Quoting RichardWANG
{quote} Hi Sir: Thanks for your interests. And your message has been replied, please check. Safe trade and wish pips with you!
Thanks Richard.
This method would very much rely on using a broker with as low spreads as possible at a time when high spreads are the norm.
Can I ask where you got that spread monitoring indi. from? I would like to compare my brokers spread at that time to yours if possible.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #8
  • Oct 19, 2016 10:10am Oct 19, 2016 10:10am
Quoting theras2000
{quote} Thanks Richard. This method would very much rely on using a broker with as low spreads as possible at a time when high spreads are the norm. Can I ask where you got that spread monitoring indi. from? I would like to compare my brokers spread at that time to yours if possible.
Hi Sir:

I got it from mql5 forum, here it is :
Attached File(s)
File Type: mq4 IND_Monitoring-Spread.mq4   3 KB | 466 downloads
  • #9
  • Oct 19, 2016 10:11am Oct 19, 2016 10:11am
Quoting RichardWANG
{quote} Hi Sir: I got it from mql5 forum, here it is :{file}
Thanks for that.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #10
  • Oct 20, 2016 3:53am Oct 20, 2016 3:53am
Today's trades all closed, 3 trades, 3 wins, got 3.39% return.
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  • #11
  • Oct 21, 2016 9:09am Oct 21, 2016 9:09am
Today I have made several mistakes myself. Miss-click and closed a float lose trade, re-entered but fail to follow my EA because I went out. Here is it:
Actual trades:
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Forex Edge system supposed trade( from back test):
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This mistake costs me about 3% of the account, from now on I will use VPS to run the system and treat myself as an investor.
Behind is EURUSD trade closed early of the day, a small 0.3% win.
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  • #12
  • Edited 8:29am Oct 24, 2016 6:32am | Edited 8:29am
Today there are four trades made. +2.7%.
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But I also find an early closed trade compare with back test,here is the actual trade:
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While here is back tested trade:
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Closed earlier 15 minutes. I think this problem is not likely due to broker, maybe because I used wireless internet connection. Today my VPS will be online, will see how it performs in future.
  • #13
  • Oct 25, 2016 10:33am Oct 25, 2016 10:33am
Today there are three trades made. +3.6%.
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But from backtest, I find that system missed one trade below（picture come from backtest)：
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The reason can be clearly explained by spread record below:
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Please notice that at 0:36 when backtest open trade, the live spread is more than 2 pips, which is larger than my max-spread set, so the system did not open trade.

So now we can conclude that, the reasons affect the performance of Forex Edge system are two:

1. Internet connection status;

2. Broker spread.
  • #14
  • Oct 27, 2016 11:24am Oct 27, 2016 11:24am
Yesterday we have one trade, +0.5%, today we have three trade, +3.4%.
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  • #15
  • Oct 29, 2016 2:38am Oct 29, 2016 2:38am
Hi Richard. This looks like a very safe and steady system. Did you thought about manage accounts for extra income? I am working London open up to about 4 hours in NY open. Difficult to day trade. I will definitely be interested.

Thanks
  • #16
  • Oct 31, 2016 12:50am Oct 31, 2016 12:50am
Quoting Superwolf
Hi Richard. This looks like a very safe and steady system. Did you thought about manage accounts for extra income? I am working London open up to about 4 hours in NY open. Difficult to day trade. I will definitely be interested. Thanks
Dear Sir:

Thanks for your interest.

Actually we already have an order follow system in mql5: https://www.mql5.com/en/signals/232318.Now you can follow it with only 20 dollar a month. But make

sure your broker is ECN and have a fast order execution or your profit may not be as same as Forex Edge system. Here I recommend Tickmill (not a FCA regulation one)

but it's up to you.

Best wishes with you.
  • #17
  • Oct 31, 2016 1:06am Oct 31, 2016 1:06am
On 10/28 we have two trades, 2 wins up 1.47%. Today we have 4 trades, 3 wins, 1 small loss(-0.1%), today totally up 1.7%.
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  • #18
  • Nov 2, 2016 7:08am Nov 2, 2016 7:08am
On 11/1,we have 2 trades, 2 wins, +2.4%. On 11/2 we have 5 trades, 5 wins, +2.5%
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  • #19
  • Nov 3, 2016 6:08am Nov 3, 2016 6:08am
On 11/3 we have 3 trades, 3 wins, +2.4%
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  • #20
  • Nov 4, 2016 4:02am Nov 4, 2016 4:02am
Today we have one trade, one loss,-0.51%, this week ended.
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