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Holygrail

I've been looking for the Holygrail in forex for the rest of my life. Recently I really found it.

"The real holygrail in forex is to understand there is no holygrail."

That's it. The one who are able to understand what's that mean will really find the holygrail.

- BlueDreamFx-


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Saturday, November 7, 2009

The result so far


The EA trade very seldom, get little pips but no loss so far.
From the above screenshot, there are 5 trades and got 67 pips at all during 1 week. It's depend on setting. I have set the properties to make EA trade safely.

It's very sensitive to lock profit, activate the trailing stop and to handle exit whenever the pips already green. The procedure to enter the market also very strict.

Next week, I may put TP=30 pips for each trade.

Thursday, November 5, 2009

Good exit point but the entry is not sharp enough


Here is the screenshot for the third trade.
Good exit point but the entry is not sharp enough.
I must test this EA for futher before jump to any conclusion or do some modification.

2nd Trade



EA open the 2nd trade for this week.
Buy GU at 1.6541

Update :
Hit the SL at 1.6543... Only get +2 pips :p

Wednesday, November 4, 2009

Forward Test FullHouse EA

The trade opened by EA. At the moment already profit 30 pips and the position locked safely.

p/s free game :p

Monday, November 2, 2009

My New EA

It is called FullHouse EA and the version is still 1.0.

What so different between this EA and any other EA as it exist today? This EA can not be backtested by Strategy Tester. Why? Because the EA calculate the movements of six currencies, namely UJ, EU, GU, EJ, GJ and EG. While the MT4 Strategy Tester only available for only one pair.

Briefly, the procedure used in the EA is based on :
1. Candle Pattern - same procedures used by the Market Sentiment indicator.
2. Measure the strength or level of dominance of the certain currency in the market.
3. After parallels obtained, EA will select the currency to trade based on candle's entry pattern.
4. Some extra conditions applied on this EA to enter the market in a safe position (For example not to enter the trade on the highest or lowest of the Daily price. Don't chase the market) and also there is risk management to cut lose when unexpected movement occurs.
5. And one more thing before i forget. I only use the H4 and Daily Candle signal as the trend.

I thought the idea seems interesting. But so far I am still not sure whether this EA profitable or not.
I will make this blog as a forex trading journal and forward test for this EA.

Thank you

p/s : it just like poker. full house mean three of kind + one pair... :)
 
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The content of this blog is for 'Forex Trading Journal' purpose only. Nothing on this site should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.