Forex blog: Forex Blog by Lloyd (3 сообщения)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
http://www.scoutforex.com/
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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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