Rising Profits

Filed Under (EA System, Performance) by Casey on 19-05-2009

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This deserve some attention… Forex Rising.

I have been demoing Forex Rising for quite a while now…. Ok it was just two weeks. The concept of forex rising still took to me, and thought I would try it on other pair. Everyone knows that EURGBP are very common. So common that spread are usually widen during asian hour. Have you ever notice FAPTurbo is getting very few trades on EURGBP?

Anyhuuu…. Because the concept of Forex Rising was so interesting.. I took it a step further to test it on two very or use to be popular currency pair. EURUSD and GBPUSD. Change the settings a bit… and what do you know.. I believe I found the perfect harmony.

This test was done, between 30 April 2009 to 19 May 2009 @ 0.1 lots. Apparently it only works well on my FXDD demo account. Tested on IBFX and it was shit! Going to retest this on Alpari and FXOpen, when I have enough computer resources to do so.

This test has made me $132.16. Sighh… if only it was real money.

*Note:- Image below had to be cut and paste. I needed to filter other EA that I am also demoing in parallel with Forex Rising but you can verify this on my demo statement in the ‘Demo Account’ page.

Someone forwarded to me a new version of Forex Rising 1.2. The shit thing about this new version is that it does not recongize my trailing take profit settings. I have set it at 8 points because for all these pairs this trailing take profit could easily be reached. Especially EURUSD and GBPUSD because the spread is very small.

Since two days ago 18 May 2009 I have used the new version, thus, you can see that the trailing take profit seems to be only 2 pips to 4 pips respectively

Now if you notice, EURUSD and USDCHF are the most active currency pair…. hint… hint… together with both EURGBP and GBPUSD… this is the result…Wonderful isn’t it.

This is the settings for all the pair. TrailingTakeProfit = 8 and TakeProfit = 16. I have also increase the stoploss to be = 45. So you need at least 6 wins to come out profitable.  From the statistics, it is easily achieveble.

But if the new version seems to ignore this settings, then no use. You will need at least 15 winning trades to come out profitable. That is just to much risk vs rewards if you ask me.

I am going to continue to test this till end of the month. If I believe it continues to ignore my settings… gawd damn it! I am reverting back to the old version 1.0. and retest it again for another 2 more weeks.

Anyway, I can’t put this live because my fxdd live account is in deep red. Sighhh… so wanted to put this live.

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