Forex Signal Providers – Journal

As of 17:00 EST we had 2 closed trades and 1 open trades for fxdd auto (fx-auto)

Closed:
+6 The Profits Club (6 for 6 +41 pips) – very happy with these guys right now
-16 Forex Fighter KO GBPUSD
-10 Today (-12 with commissions)

Open:
+12 ATR Channel GBPUSD – same trade from 5/4 is still running

$2531.66 Balance
$2542.51 Equity

Quick Summary — After 20 trades I have only lost 10 pips in trading; the commission has run 20 – so all in all I’m only down $10. Granted I have managed my risk by selecting solid performers with smaller stops I’m happy to still be in the game. I didn’t come into this thinking I would turn $2500 in $10000 in a week. But I did have a tiny feeling in my gut telling me okay if we lose $500 I’m done. I’m starting to get a little more comfortable after a week. I’m not looking at the results every 5 minutes Maybe in a few weeks I’ll start missing daily updates and only update on weekly results. Let’s see how it goes.

As of 17:00 EST – we have 3 open trades

Closed:
None

Open:
-67 USDCAD .18 lots — I have to say this concerns me a little
-21 EURCHF .06 lots
-6 USDCAD .37 lots — this concerns me as well since they just double down 60 pips in a losing position – let’s see how it works out.
-$14.64 Open with swaps and commissions (that is $11 in the last day. Thank God for money management…
$996.49 Balance
$981.85 Equity

A commenter from another post asked why I chose the the 3 strategies I selected. I stated — I picked mine because of the smaller stops and decent performance. I looked at the whole list and marked off NO for big intraday drawdowns and then marked NO for performance problems. I have a few possible ones I’m looking at but these where just the ones I settled on for now. I also mentioned I would love to follow some of the other strategies, but my funding will not allow me to trade some many different strategies. In fact, trading the 3 I’m trading now is sometimes, giving me issues, because I have .3 lots open in the same direction. This is why I have closed a few trades manually.

Currently using:
System 1: ATRChannel – http://forexfiesta.com/systems_trend.htm
System 2: ForexFighterKO – http://www.forexfighter.com/
System 3: TheProfitClub – http://www.profits-club.com/?a=cust&page=performance

Update from another post and why I’m happy being even after the first week of trading.

1st Financial Gold has the following open positions:
USDCAD -894 -714 -737 with a .1 lot you are down 2345 pips
EURUSD -240 -138 .1 lots drops you another $338
all of the other positions for them are losing big time.
ForexGear – just as bad right now.
EURUSD -657 and -534 — how can you let a trade fall that far? Now ask why their winning percentage is 80% – because they let losers run. It is important to look at the open positions. Get that demo account and take a look. Very scary stuff on some of these guys.  Share with us. Help everyone out if you have tried any of these guys.

As of 17:00 EST we had 3 closed trades and 1 open trades.

Closed:
-52 ATR Channel GBPUSD
+1 Forex Fighter KO GBPUSD
+14 ATR Channel GBPUSD – I closed this myself – the trade should have stayed open.
-37 Today (-40 with commissions)

Open:
+16 ATR Channel GBPUSD

$2543.66 Balance
$2558.66 Equity

As of 17:00 EST – we still have closed 8 trades with 7 winners and 1 loser.

Closed:
None

Open:
-17 USDCAD .18 lots
-12 EURCHF .06 lots
-$3.66 Open with swaps and commissions

Performance Fee of 20% for May was $0.87

$996.49 Balance
$992.83 Equity

As of 17:15 EST we had 2 closed trades and 1 open trades. All lots are still only .1

Closed:
+12 The Profits Club GBPUSD – nice little profit again. (5 for 5 | +35 pips)
+51 ATR Channel GBPUSD – It had a +51 the other day to bad this one just got stopped out because GBPUSD went back down (5 for 7 | +55 pips)
+63 Today (+61 with commissions)

Open:
-10 ATR Channel GBPUSD

$2583.75 Balance
$2573.75 Equity

As of 17:15 EST – we have closed 8 trades with 7 winners and 1 loser.

Closed:
None

Open:
-10 USDCAD .18 lots = -$1.79
-23 EURCHF .06 lots = -$1.14
-$3.22 Open with swaps and commissions

$997.36 Balance
$982.20 Equity

As of 17:00 EST we had 4 closed trades and 1 open trades. All lots were .1

Closed:
+4 The Profits Club GBPUSD
+2 The Profits Club GBPUSD
+28 Forex Fighter KO GBPUSD
+51 ATR Channel GBPUSD – again I manually closed this beacuse of too much exposure
+85 Today (+81 with commissions)

Open:
+90 ATR Channel GBPUSD

$2523.11 Balance
$2613.11 Equity

As of 17:20 EST – we have closed 8 trades with 7 winners and 1 loser.

Closed:
+$12.36 All closed trades
+$4.64 Today
I will figure a way to track this better.

Open:
+4 USDCAD .18 lots
-42 EURCHF .06 lots
-$1.72 Open

$997.36 Balance
$995.64 Equity

Okay, I have seen small quick results with The Profits Club http://www.profits-club.com trades in the GBPUSD so I have decided to add the EURUSD from them as well. I’m also keeping my eye on ProTradeFx http://www.protradefx.com – they seem to have pretty small stop losses. But I have not added them yet. If I do I may add USDJPY.

If anyone tries these guys out or any other fx-auto drop me your results info or feedback. Thanks…Minnelli