ForexMorningTrade System

[markfric]

I'm starting this journal to give consistent overview of my trading system.
I'll start with results from this week (16th August 2010) and post results every day, with summaries every weekend and month.

 

[markfric]

16th August - LONG
Entry: 1.5613
SL: 1.5571
P/L: -41

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17th August - LONG
Entry: 1.5685
SL: 1.5645
P/L: -41

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18th August - SHORT
Entry: 1.5565
SL: 1.5525
P/L: +40

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19th August - LONG
Entry: 1.5567
SL: 1.5525
P/L: +42

 

[markfric]

20th August - SHORT
Entry: 1.5576
PT: 1.5535
P/L: +41 pips

 

[markfric]

Weekly summary
3 profits, 2 losses, week ended with +41 pips profit.
Not much, but better than nothing for strictly mechanical system.

 

[davidnorman]

well done good effort

 

[markfric]

New week starts with a profit.

23th August - LONG
Entry: 1.5569
PT: 1.5609
P/L: +40 pips

 

[markfric]

Another win, now 5th in a row.

24th August - SHORT
Entry: 1.5423
PT: 1.5383
P/L: +40 pips

 

[markfric]

25th August - SHORT
Entry: 1.5417
SL: 1.5455
P/L: -38 pips

 

[tmart62]

why was there a trade taken on Aug. 25th.. on my charts at 5:30 it shows
momentum at 100.0748 (higher)
CCI at -28.4944 (lower)

please let me know if I'm ready this correctly

 

[markfric]

do we have different entry times?

Please check my screenshot and look at the candles.

 

[markfric]

26th August - LONG
Entry: 1.5555
SL: 1.5513
P/L: -42 pips

Perhaps I shouldn't enter the trade after the big movement few candles before. However, I'm sticking with the rules, it has been tested to trade always when the conditions match.

 

[Maxmerlin]

Today is my first trade. The EA automatically did a BUY trade for me I LOST US$38.00 Anyway, just to chk why my trade pillar (dark blue) is different from yours. The timing is off???

 

[markfric]

Hi Maxmerlin,

yes, it seems that your trading time is different than mine, you have indicator starting at 9:00. From the candles it seems that your trading time should be set to 07:30 (same for indicator and EA).

 

[mitchp]

I am with Forex.com and they told me they are at GMT, so I set my indicator and EA for 5:30. When I woke this morning I found that the EA did not take the trade (Buy). So I guess I'm lucky because it never made it to 40 pips and reversed for a loss. Not sure why it didn't fire because all indicators were positive for a Buy.

 

[jrx]

25th August - SHORT
Entry: 1.5417
SL: 1.5455
P/L: -38 pips

This trade never hit the stoplost. So its is a winning trade. Thats my reading !