20 Pips Loss on EU

I took 20 pips loss on my previous EU position. That's absolutely normal.

EURUSD Opened

I've opened a long EU position according to Forex Pro's Secret System. Because it's at night here in Japan, I go to sleep and let Money Manager EA manage the position. As long as the recent risk appetite goes on, EURUSD may head higher. But who knows.

Trend Line Breakout

I got some fun and made a nice profit on AUDUSD. As shown below, after AUDUSD has broken a downward trendline, the price retraced back to the previous level and took of nicely. Trendline Breakout is one of the most easiest ways to take a trade. It requires no indicators and special skills. Simply identify the line breakout and go for it. For this trade, I got about 80 pips while risking about 20 pips.

Forex Pro's Scecret System in action

According to the system, if I had taken a position properly, I would have gotten a good amount of pips very safely. Unfortunately, it happened during NY session where I was asleep.

Trading Point

I've been running Wallstreet Forex Robot on five different brokers, but one broker, Trading Point, reacts very differently. On Trading Point, WSFR opens a position at a very different level than that on other brokers and closes a position at a weird level. I've heard that some (or many) brokers use virtual plugin to make EAs useless. I don't know if Trading Point uses such virtual plugin or not, but WSFR on Trading Point opens a position where no other positions are found on other brokers, and also closes a position way too early or at a really crazy level where no such closing are identified on other brokers. So be aware when you intend to run an EA on Trading Point.

Forex Pro's Scecret System

I'm currently testing Forex Pro's Scecret System. I like the vidual expression of the chart.

I have taken a couple of positions in the past couple of days and found something.




1. You shouldn't take a position during Asian session. This is almost a steadfast rule for all traders. The market in dead Asian session simply doesn't take you anywhere.
2. Although their sales page says 20 pip SL and up to 120 pip TP, 40 pip TP is a realistic choice. If you aim at further pips, then the price may retrace back to your trailing stop level and you may end up with only 10 pip or so.
3. System is very simple and easy to use.
4. It doesn't repaint. Strictly speaking, some lines may change only a little bit, however, the main indicator can't repaint and I think indicators overall are very reliable.

Is it worth the money? It's too early to tell anything for now, but I think it's worth a test. I'll see.

EUR33

I have also backtested EUR33 setting on Wallstreet Forex Robot. That was truly amazing. This setting surprisingly makes equity curve smoother. It'll allow you to increase the risk percent. It will also suit those of you who prefer safer trading.

Exotic Pairs for Wallstreet Forex Robot

I have conducted 3 year backtesting for Wallstreet Forex Robot. I've tested many pairs, but those that worked well were GBPUSD, EURUSD, AUDUSD, AUDJPY(EURUSD setting), CADJPY(AUDUSD setting), and USDCAD.
Someone in the donnaforex tested those exotic pairs and found some exotic pairs works really well. But I found something more. Although in his demo account CHFJPY and EURJPY worked really well for a couple of months, in my 3 year testing, those pairs didn't work well.

GBPUSD is the very best pair and well surpasses the second best EURUSD pair. EURUSD performs well enough, too, and it's worth enough to run. Compared to those two pairs, other pairs don't perform really well, however, AUDUSD makes a different equity curve than those pairs and may diversify the results in a good manner.

Someone in the donnaforex has done a forward demo test for a couple of months. During that period, while EURUSD kept losing, AUDUSD just kept winning. So I guess running AUDUSD may make a good compensation during a bad period for default WS pairs.

AUDUSD and AUDJPY are mutually correlated. AUDJPY and CADJPY are correlated as well. However, those three pairs take positions at different levels. Of course, they can take positions almost simultaneously occasionally, but such incidents can also happen between EURUSD and GBPUSD. As far as I observe, while such incidents increase trading frequency, the risk may not be very serious.

I've decided run above mentioned pairs for 3 years with very high risk. I'm mentally prepaired to lose the account completely, but if it's successful, it will be a huge success.