Forex blog: Forex Blog by Lloyd (10 сообщений)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
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100-pip EA Made Triple-Digits Gains
The 100-pip EA Program (available to ScoutForex DTS subscribers) was on form today and had produced over +200 pips during the US trading session. A great start to this week trading!
- Triple Digits Gains Monday ! Major Pairs +210 pips and 100-pip EA +229 pips
Here are the two profitable 100-trades:

Short EUR/USD @ 1.2890 for +40 & 90 pips

Short GBP/USD @ 1.5732 for +40 & 59 pips

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A Rough Week for News Trading
I was running into some bad trades with the news trading program. The EA was well beaten by two different news events controlled by the European central bankers, i.e. MPC interest rate-cut announcement and ECB press conference on Thursday. Actually, I was not that surprised by the trading outcomes considering the price volatility seen in the forex markets at present.

I'm still confident with the newstrader system which so far enjoys a high success win-rate trading the GBP & USD events. But I was having doubt dealing with the USD/CAD market. Anyway, I am going to improve the program trigger in order to be more aggressive with the entry level in the CAD market with faster trade execution. I've already run some backtests and liked what I see. I'm not afraid to make changes when necessary.
Monday
GBP +28 pips full size

Tuesday
No trade

Wednesday
AUD -35 pips, GBP -35 pips

Thursday
AUD + 19.5 pips,
GBP +23.5 pips
GBP -35 pips (MPC 1.5% Rate Cut)
EUR -35 pips (ECB Press Conference)
CAD -16.5 pips

Friday
CAD -35 pips
GBP +3 pips (US Non-farm Payrolls Job report)

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London Open Breakout System - Day 3 & Program Launch
Results on day 3 (Nov 5):
- London Open Breakout System - Intro & Day 1
Long EUR/USD 1.2879 with stop at 1.2819. Final profits: +40 & 72 pips

No trade EUR/JPY

Live results:

Cumulative Results +351 Pips

>> Click here to view the System Performance page

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Increase My Trading Arsenal Using the Newstrader EA Program
Normally, I only run my Newstrader EA program for the purpose of news trading:
There are hundreds of economic news releases every month in the forex market. Many of the major announcements are capable of moving the underlying currency pairs by 30 to 100 pips immediately after the news releases. In other cases, market also tends to move ahead of the news.
Today, I did something differently. I applied the program (i.e. set and forget operation) to automatically search for other possible trading opportunities during today's "active" London session. It managed to execute some good trades in both the EUR/USD and GBP/USD markets.

In fact, the program had captured the early part of today's 300-pip surge of the two European currencies against the US dollar. News: The US Dollar fell most versus Euro since 1999 debut.

The ea trading program came with stringent stop loss and exit strategies, thus I was pleased with today's outcome.

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London Open Breakout System - Day 2
Results on day 2 (Nov 3):
- London Open Breakout System - Intro & Day 1
No trade EUR/USD

Short EUR/JPY 126.89 stop at 126.49 - Profits: for +40 & 1 pips

Cumulative Results +239 Pips

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Day Trading Service: Trading Report Oct' 08 (-195 pips)
Fact 1: Major-Pairs Results -195 pips; Yen-Crosses Results +365 pips; 100-Pip EA Results +350 pips

October was the month in which the US dollar continued to rally to multi-year highs against the rest of the major currencies. Both stock and forex markets were in panic mode in a month which saw two interest rate cuts by the FED and other central bankers.

Fact 2: End of Eight Consecutive Winning Months Since Inception

The End-of-Session system for the major pairs recorded its first losing month since the start of record. It was interesting to observe that the system performance was actually affected by the two rate cuts last month.

Despite that, the yen-crosses and the100-pip ea system managed to pull back +365 pips and +350 respectively. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start of record, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +960 pips
USD/CHF +635 pips
USD/CAD+385 pips
AUD/USD +30 pips
USD/JPY +5 pips
GBP/USD -80 pips

Previous Reports:
Day Trading Report Sept' 08 (+290 pips)
Day Trading Report Aug' 08 (+760 pips)

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Making the Most Out of Newstrader EA - GBP/USD
It's the end of October. One of the highlight during this month was definitely trading the GBP/USD market with the Newstrader EA program.

Using the newstrader setup, the automated program entered a total of 18 times in the GBP/USD market, trading a wide range of economic news releases, from ISM to GDP data, from MPC meeting minutes to FOMC interest rate statement, and etc.

14 out of 18 trades were winners, giving us a high win-rate of 78% and +386 pips.

Thus, I'm pleased with the results and am looking forward to start over again in a new trading month.

How does my newstrading program work? if you are interested in participating, simply click here or here to find out more about the news trading subscription.

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London Open Breakout System - Day 1
I've been looking for a new leading indicator for my London Open Breakout System (LOBS). Surprisingly, the "forex killer" signals have been working well for this system. The main trading idea is for me to get involved only when the markets are in overbought or oversold territory, i.e. looking for some breakout actions which can lead to a quick bounce in price during the active London opening hours.
- Early London Workout System: Can I Follow My Charts?
I should be able to follow the system quite easily - as I can readily auto-trade this new system with my 100-pip program using the generated forex killer signals. At present, I am suggesting trading only the Euro markets (e.g. EUR/USD and EUR/JPY).

Here is the results on day 1:

Long EUR/USD 1.2742 stop at 1.2682 - Profits: +40 & 18 pips

Long EUR/JPY 123.62 stop at 123.02 - Profits: for +40 & 100 pips

Cumulative Results +198 Pips

I'll be proving additional detailed info about this system to my existing daytrading service subscribers soon. First, let's me start tracking the LOBS performance from now on, following the footstep of the well-established 100-pip and newstrading programs.

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Expert Advisor Journal 30 October
I ran and entered with both the 100-pip program and newstrader program today. I was pleased with all three winning trades today. The entry levels provided below were executed by the Alpari UK live account server.

100-pip trade 1 (Europe Session)
Short EUR/JPY
Entry: 129.72 & 129.71
Exit: 129.31 & 129.18
Pips: +40 & 53

News trade 2 (News event: US Advanced GDP)
Short GBP/USD
Entry: 1.6484 & 1.6485
Exit: 1.6462 & 1.6472
Pips: +22 & 13

100-pip trade 3 (US Session)
Short AUD/JPY
Entry: 66.77 & 66.80
Exit: 66.40 & 66.03
Pips: +37 & 73

Total daily pips: +238 pips

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Daytrading System Rebounded with Reasonable Gains
Yesterday, the daytrading system had a "hiccup" (Out of Rhythm and a System"Hiccup"). Many long-time ScoutForex readers may already know that I am a big fan of mechanical systems and am currently practising a fixed daytrading routine day in day out:
- Learn to Day Trade the Forex Market Using Automation
As the trading resumed today, the system immediately yielded good payout in the early trading session.

Europe Session
No. of signal recommendations: 3
All major pairs results: no trade
All yen-crosses results: +65 pips (up to a max +550 pips!)

100-pip System
No. of dynamic entries: 3
Potential profits:
CHF/JPY +40 pips (minimum target hit!)
EUR/JPY +100 pips (maximum target hit!)
GBP/JPY +100 pips (maximum target hit!)

100-pip EA
No. of auto-entries: 1

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