Euro Daily Trader

This is a discussion on Euro Daily Trader within the Trading Journals forums, part of the Reception category; Originally Posted by wiseambitions I wish to say it was a useful development that the EA now offers forced closure ...

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Old Nov 28, 2011, 9:35pm   #73
Joined Feb 2011
Re: Euro Daily Trader

Quote:
Originally Posted by wiseambitions View Post
I wish to say it was a useful development that the EA now offers forced closure on Fridays. I only got 4 or 5 pips on the short trade after perhaps the low point being towards 20, however that was far better than waiting until Sunday night and getting stopped out possibly with as many as 70 pips of loss (more than 3 times SL) as the market opened significantly higher after 48 hours.

The second thing to say, and I think Mike and his friend need to make more of this in their defence when people grumble about the guarantee is that the EDT EA is self standing. What I am trying to say is the key code they give you which enables the thing to work without being cloned all over the place does not need to log into any central server. One popular EA is failing today to authenticate because the owners' server is down and people are starting to wonder whether all is well. (Discussion on another blog) EDT is immune from this difficulty.
I whole heartly agree with both comments. I took Mike's advice and closed Friday's trade early with a small win instead of a significant loss.

Regarding copy protection: The key is good as long as you can change it when you change brokers. It seems like I have been through too many brokers mostly due to the liberals in the US congress who insist on putting legislation in place to protect me by taking my money. It's nice to see that the rules they put in place don't apply to indiviuals with a networth of $10Mor more.... I think this is an example of the Golden Rule (He who has the gold makes the rules).

Lastly, today's trade was another one of those barely stopped out. I am looking forward to versions 3.1 and 4.0 that Mike has announced.

Until next time, good trading!
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Old Nov 30, 2011, 4:12am   #74
 
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Re: Euro Daily Trader

This is a tempting EA to get!! Oh yea, I've been a member for 5 years and this is my first post Hello everyone!
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Old Nov 30, 2011, 6:32pm   #75
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Wednesday: Unless the euro comes off the boil slightly in the next 30 minutes I'm not expecting EDT to trade today.

We rather need a couple more quick wins, as the Moving Averages are coming down as a consequence of Monday and Tuesday bringing losses.

50 day MA 3.04
100 day MA 3.44

Despite this, and so long as June to middle September claims by Mike and G are reliable, the average pips for the last half year are around 120 per month. So I'm about 40 behind the 'official' tally.






If that experience could be repeated i.e. around 30 pips a week net profit I would be happy


18:00. It opened a long trade
18:14. It lost


Sadly I only achieved 6 pips for November, having missed the 39tp on one trade by less than a pip and slumping back to BE. Sob sob.

Last edited by wiseambitions; Nov 30, 2011 at 10:21pm.
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Old Dec 2, 2011, 7:42am   #76
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Alleluia

Thursday night's trade, Long on EU, closed 7 hrs later in profit

50day MA 1.88 pips daily
100 day 3.83

It's positive, and it's enough to keep us rolling.

In 100 days, at 4%, £1000 or $1000 could be turned 1972

Last edited by wiseambitions; Dec 2, 2011 at 9:40am.
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Old Dec 5, 2011, 8:56pm   #77
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Monday

After 2 losses which erased Thursday's win, the trouble is the long term MAs are falling (e.g.100 day MA = 2.67) - Half of the observations which mean since publication of the system are my own figures not the sellers'

Occasional losses aren't of much significance, but when the 100 day MA had previously been more like 5 it desperately needs 2 or 3 wins this week now to try and nudge things back towards normal.
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Old Dec 6, 2011, 10:19pm   #78
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Tuesday
Unfortunately after going 20 pips to the good and getting the BE reset the price went down after 3 hours and hit BE

The problem this gives us is a lack of enough wins in the last couple weeks to prop up the moving averages. The attachment shows the present 50 day rolling average which is pointing the wrong way.

We aren't getting enough discussion on here, so I may desist. The trouble is Donna Forex is the other main blog but the attitude on there is hostile and I would not wish to get into their arguments

Wednesday morning: Some people I talk to got TP on this trade. Either they didn't get the BE reset when the price went up about 20 pips, or else they didn't quite get stopped out later when the price went back to -1, and they hit their profit target 12 and a quarter hours later. It's a bit of a lottery because I've heard of different results with the same broker, and reminds me of a similar experience a couple weeks ago. One would hope such experiences would even out in the long run, although that would be down to random forces rather than the skills of the user or the efficiency of the technology
Attached Thumbnails
edt-50-day-ma-1-june-6-december.jpg  

Last edited by wiseambitions; Dec 7, 2011 at 11:40am.
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Old Dec 8, 2011, 11:15am   #79
 
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Re: Euro Daily Trader

Hi Wise, don't despair, agree that Donna Forex is more rant ridden than here, where we're all being civilised despite the repeated loss/BE results. I'm gritting my teeth and buying into Mike's "play the long game and chill out" pitch, but my one beef remains on the criteria the EA uses to determine going long or short. My heart sank when I saw the EA go long last night but decided to play it out rather than immediately close the trade which would have been a more panicked response. Net result? I'm down $400 - again. Still gritting my teeth, but I'm going to be in serious need of dental work if this keeps on this way....
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Old Dec 8, 2011, 3:59pm   #80
Joined Oct 2010
Re: Euro Daily Trader

wiseambitions started this thread Thanks for your company Hummy! I agree with what you said, there seems to be a division between people getting one signal and another as well as too many times when some get the full TP and others go back to -1 etc etc. I'd like to hope that these events even out over the long term but I need some persuasion of that.

Let's hope for a couple wins before the weekend because they would restore a bit of faith in the system which as per my recent graph looks like it's going down hill.

Over at Donna you sit and look at the screen and feel the anger and frustration. When these guys launched the method they can't have envisaged this, however if the promised modification to the EA carries some improvements then people will feel a bit happier.
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