I’ve been dragging my ass on backtesting this trade on the EURUSD, but I finally got it done. It is always a little tough to see a backtest all the way through, but once the trade starts to make money, it does become a lot easier. In the end this [...]
Here is another trade that I did in my IBFX demo account. It is a 1 hour EURUSD Wallaby trade. The last trade went pretty well and another trade setup, so I took it. I wasn’t too sure about this trade because the stop loss point was a little closer [...]
I was thinking that I have to create different accounts to track different strategies and it was something that I was dreading. However, in going through the functions of MT4i today, I discovered that I am able to designate the strategy that I used on a trade to track the [...]
In my last post, I showed you some trades that I was looking at and at the end, I mentioned that there was a Wallaby Trade that setup. I took the trade after I recorded the video, so here is an update on how it turned out. This trade was [...]
Hello Traders, here are a few trades that I took in a demo account. While my primary backtesting has been in the 1 hour Wallaby, there are a couple of trades that I have been watching. The first one is the AUDJPY pair. In this post I mentioned that I [...]
Gold went to a high of $1,917.90 today, according the to the continuous Gold Futures chart in Broco Trader. That is the highest is has ever been, showing a flight to safety in this time of budget woes. According to this article on Bloomberg, central banks are adding to their [...]
This is my first demo trade in the EURUSD 1 hour Wallaby. Find out how I did and see the chart and stat bar. This trade has been promising in backtesting so far, so I’m interested to see how it will perform going forward. Trading the 1 hour chart is much better, the 15 minute chart was too hectic.
I was fortunate enough to have a reader email me on one of my previous posts. He shared with me a list that he created when he first got into Forex trading that outlines the pros and cons of trading. I thought it was a great list and he agreed to let me share it with you, so check it out and compare it with your own list. He even managed to work in a zombie apocalypse as a reason to trade Forex. Believe me, it’s a valid point.
Tonight I am fine tuning the Wallaby Trade that I have been testing. There were a couple of things about the 15 minute time frame that did not agree with me, so find out what I am doing to change that. Find out which time frame I am going to be using now and why I will not be providing detailed testing results until after I have tested 10 years worth of data.