Forex Pipmanager

DAY 23

So far our systems in the test lab banked good profit this week. But we have a high red number on the open trades.

Yesterday I removed TradingView and replaced it with the signals from DailyFX VIP. Sometimes the entries from them are a bit too early in my opinion. But so far nothing to complain about. After two days the signals banked 16 Euro. Two trades are open though. AUDUSD sell and CHFJPY sell.

With FX Street I had today first a wonderful buy trade on Gold but then the NZDUSD buy trade destroyed that profit again. The day ended with a small minus. But FX Street brought this week already good money.

No trade on Agimat Ultra again.

Finally, I found the bug on the Metagrid Renko version. I traded the last nine days only with 0.01 because the trade manager closed the trades always in the wrong places. Now that bug is fixed and I can begin to use the Renko system as I wanted.

The Guiding Light EA was in a good mood today. It came into several risk-free trades. But then it could not resist opening again a sell trade on EURNZD. If you followed the charts today, you know that NZD crashed. And so the sell trade from the Guiding Light EA is not in a good condition. Already eight grids are active. Only one could be closed so far. But there was literally not retracement since the up move. It gets interesting with that trade. Tomorrow we have the ECB meeting, if the Euro gets another push up this could bring the EA in big trouble for a while. But if the Euro gets weak tomorrow this could bring me out of that bad trade.

For my today´s report, I begin with Agimat Ultra. Unfortunately, I have to restart the test. My Ultra auto-trader had a bug. It secured the grids after a while with a break-even stop loss. With this, the grids got destroyed. In the morning two trades were without any grid. They had no chance to come in profit again. With an intact grid, it would have been possible to close them profitable. The other three trades ended with a profit. I had to close the two destroyed trades with -15 Euro. It would be unfair to let these negative trades in the statistic as it is not the fault of the system. So I restart tomorrow the Agimat Ultra test again with a 500 Euro start balance.

Overall it was a not so good day for our systems in the test lab. Both trades on the Renko system were losers. But it is much too early to judge this system after two days of using it.

The trade ideas from TradingView are really bad at the moment. Since one week all trade ideas are losers. The overall profit is down from 21% to 7%. It looks like the market does exactly the opposite of the trade ideas.

The Guiding Light EA is still working on the EURNZD sell trade. It was -35 Euro in the morning and with the help of the grid retracements, it is now at -2.50. I hope the EA can close this trade overnight. With other trades, the EA made +1.44 Euro.

Three signals/trade ideas from FX Street triggered today and so far they are at -10.30 Euro overall. There is a EURGBP sell, EURUSD sell and NZDCHF buy. EG and NC are in profit, but the EU trade is at -13 Euro. If EU goes tomorrow further up it could get ugly for this trade. The forecast from FX Street is that EU can´t go further up and will drop now, especially because it does this every year between December and February. We will see if EU knows that!