xr86yp295m Forex Leader: 09/24/09

It continues

September 24, 2009

Hehehehhhhe you wanna have some fun? Geeze, I love trading, look at this, couple hours later ;-)

Amazing

September 24, 2009

Just a few minutes later...... No comment required:

Up to 1k again and again

September 24, 2009

A few hours later.... Did I mention earlier that things were going great? Look at this, all new fresh trades just taken today (look at the time column all taken on the 24th)

False signals avoided by parameter setting

September 24, 2009

Good ! Things are going great @ approx. +800 pips at the moment. Yesterday was a « shake & bake » kinda day with the interest rate announcement for the US (which remains at 0.25%) and despite the fact that it stayed the same and WAS ANTICIPATED to stay the same, the markets rocked at 14 :00 EST – One day I’ll try to understand this news trading stuff.

But for now, I want to clarify a technical detail which some of you have asked about. I think I’ve covered this, but I’m not sure. The EA has a parameter which is set (for all pairs) to enter on the NEXT bar after a cross, not right away. I tested both settings on all the pairs, and this is the optimized setting. What this does is it will act as a kind of filter, as you can see in the example below. That’s AUDUSD yesterday afternoon on the 15:00 bar. You can see that the 14:00 bar ended up an almost doji and on that bar, the MA had crossed. Then it uncrossed, and as you can see, on the 15:00 bar, the MAs have NOT crossed because the price went back down. So that’s an example where having this setting prevents “false signals” to be taken, because the next bar acts as a confirmation of a cross.



My forward tests with my three scalpers are going better than expected. I’ve been at this (forward testing) since August 6 and won’t release them until I’m completely satisfied. The backtests gave excellent results, but I want to forward test for a length of time with which I am satisfied. Can’t remember if I mentioned this, but I “baptized” them Papa Scalper (slower TF but less DD), Mama Scalper (higher TF, bit more DD, more profit) and Baby Scalper (fastest TF, more DD, more profit).

OK so 1.5 days left of this trading week, I’ll tell you 2 week-end days off followed by 2 week days OFF just drove me almost crazy !