Forex Signal Providers – Journal

My journal with various Forex signal providers

Browsing Posts in metatrader

ZuluTrade is a newer version or competitor to FXDD Auto. Please check them out…I’m just getting my Forex legs again and may start posting more findings.


ZuluTrade - Autotrade the Forex Market like never before!

Rick had a great idea when he asked if I take PayPal donations, because from his standpoint I probably saved him a $1000, by not investing in the Steinitz EA.

I do okay for myself with my day job, but according to Steinitz my net worth is only $750 and I’m bitc*ing over losing $850 of a $1000 investment in the Steinitz EA. This just came out of right field as I was offering to test 2.4 when it was ready. So I’m begging everyone to give me money since I can’t afford to feed my family or pay the mortgage now :)

Actually I do keep my forex money segregated, so sure if you or anyone wants to throw a few bucks at me I will reinvest it back into Forex – which in turn will keep my site running strong as I try new providers and strategies.

I also promise my contributors I will not use real money on the Steinitz EA 2.4 until the stop losses have been proven to work and the hedging strategies get worked out. I will keep you all posted with my LIVE statement updates once that starts…

Thanks in advance…if folks actually start contributing I will move the money back into to play.

Minnelli

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Tuesday, August 14 was MARGIN CALL DAY – It all started on July 2 with a $1000 and ended today (last night) with only $153.04 (I held on for a 89% Drawdown). That’s a $846.96 loss in a matter of 6 weeks. Again, we must point out this was a very conservative money management strategy I used. The death blow was obviously the JPY crosses, but other pairs did us in as well. Here are the margin call trades – trade by trade. The EA’s lead developer stated that a margin call could happen, they have no way of testing several pairs at once. It’s true one position can bounce back but several like in many of our cases just flat out kill the account. I will continue to work with the new version of the EA, that will institute stop losses. However, I’m afraid they are picking those levels by backtesting – so the inherent flaw will be backtested stops will not necessarily work in the future. I think this EA will be a long time in development and may not ever make it primetime – only time will tell. I will do my best to test out and track the new EA when it is released to give you all a solid base to compare against. I have sacrificed $900 for this EA so far not included the VPS costs — my lose will be your knowledge gain. Good luck…

chfjpy -$73.13
eurjpy -$149.32
audusd -$144.00
gbpusd -$112.20
eurusd -$78.00
audnzd -$73.53
eurchf -$64.04
usdcad -$32.90
eurgbp -$15.65
usdchf -$62.03

As always keep checking my LIVE statement this is being updated every 5 minutes( well not any longer but you can see what happens to an account in a margin call) at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 10 for -$797.95
Week: 15 for -$1208.46

Open Trades:
None – MARGIN CALL

Summary:
Balance: $153.04 – high balance was $1381.57
Equity: $153.04 (89% Drawdown from high of $1381)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%) | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 – 28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = $604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
Aug 5 – 10 = $362.37/604.75 (-40.0%) | 5 Trades $950.99 – 410.51
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
12 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPUSD | NZDUSD | USDCAD | USDCHF
.03 lots: AUDUSD | EURCHF | EURGBP | EURUSD | USDCHF
Removed on Aug 10 – GBPJPY | GBPCHF| USDJPY

http://www.forex-tsd.com/steinitz-method-scalping-method-ea.html

Well I end up with $153.04 – I lost $846.96 on a $1000 account that was very conservative. I will update later tonight when I get home.

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Monday, August 13 didn’t start any better than the way last week ended. Equity is now $247 (82% DD) – I’m lucky I sold off some of those JPY crosses or I would be dead right now.

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 3 for -$430.58
Week: 5 for -$410.51 – had to close 3 trades due to margin getting very very tight.

Open Trades:
10 Trades Open for -$703.99

Summary:
Balance: $950.99 – old balance was $1381.57
Equity: $247.00 (82.2% Drawdown from high of $1381)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%) | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 – 28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = $604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
Aug 5 – 10 = $362.37/604.75 (-40.0%) | 5 Trades $950.99 – 410.51
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
12 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPUSD | NZDUSD | USDCAD | USDCHF
.03 lots: AUDUSD | EURCHF | EURGBP | EURUSD | USDCHF
Removed on Aug 10 – GBPJPY | GBPCHF| USDJPY

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Friday, August 10 I had to close positions because I was getting close to a margin call. I close 3 loosing positions – USDJPY for $99.98, GBPJPY for $217.84 and NZDUSD for $132.40. I wanted to stay true to the EA but I needed to pull the trigger and kill some trades, at the time my equity was down around $200 (about 85% DD). By closing the positions I hope to live another day and keep testing the EA with it’s new and upcoming features. No, I’m not happy about this but it had to be done. While closing my trades I turned off the EA for the following pairs: GBPJPY | GBPCHF| USDJPY and plan to turn off some more if the equity comes back a little. After such a shattering day our equity did climb, okay crawled back to $362

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 3 for -$430.58
Week: 5 for -$410.51 – had to close 3 trades due to margin getting very very tight.

Open Trades:
13 Trades Open for -970.19 Yesterday was -$587.22

Summary:
Balance: $950.99 – old balance was $1381.57
Equity: $362.37 (74% Drawdown from high of $1381)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%) | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 – 28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = $604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
Aug 5 – 10 = $362.37/604.75 (-40.0%) | 5 Trades $950.99 – 410.51
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
12 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPUSD | NZDUSD | USDCAD | USDCHF
.03 lots: AUDUSD | EURCHF | EURGBP | EURUSD | USDCHF
Removed on Aug 10 – GBPJPY | GBPCHF| USDJPY

http://www.forex-tsd.com/steinitz-method-scalping-method-ea.html

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Thursday, August 9 we had a VERY BAD DAY after yesterdays recover. We lost almost $400 TODAY – now at a 70% DrawDown!!!

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 2  for +$20.07
Week:  2  for +$20.07

Open Trades: 
13 Trades Open for -970.19  Yesterday was -$587.22

Summary:
Balance: $1381.57
Equity: $411.38  (70% Drawdown from balance of $1381)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%)  | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 -  28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = 604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
15 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPCHF | GBPJPY| GBPUSD | NZDUSD | USDCAD | USDCHF | USDJPY
.03 lots: AUDUSD | EURCHF |  EURGBP | EURUSD | USDCHF

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Wednesday, August 8 we had a good solid recovery ($256 just today). We are still down to $794 but this recovery helped a lot. Two trades did get closed – in fact the two trades were gbpchf.

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 2  for +$20.07
Week:  2  for +$20.07

Open Trades: 
13 Trades Open for -$587.22   Yesterday was -$843.50

Summary:
Balance: $1381.57
Equity: $794.35  (42.5% Drawdown from balance of $1381)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%)  | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 -  28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = 604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
15 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPCHF | GBPJPY| GBPUSD | NZDUSD | USDCAD | USDCHF | USDJPY
.03 lots: AUDUSD | EURCHF |  EURGBP | EURUSD | USDCHF

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Tuesday, August 7 I have no comments. DD is at 62% on a very safe allocation of lots – even less lots than recommended the EA money management.

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 0  for +$0
Week:  0  for +$0

Open Trades: 
13 Trades Open for -$843.50

Summary:
Balance: $1361.50
Equity: $518.00  (62% Drawdown from balance of $1361)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%)  | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 -  28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = 604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
15 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPCHF | GBPJPY| GBPUSD | NZDUSD | USDCAD | USDCHF | USDJPY
.03 lots: AUDUSD | EURCHF |  EURGBP | EURUSD | USDCHF

ForexRobotTrader by Steinitz (Metatrader Expert Advisor) | HAS MTF EA v2.2 – Monday, August 6 we started the week with no closed trades but another trade did open. We gained a little equity but nothing to write home about. AT least it was better than a dream I had which I actually saw a margin call and only 2 small trades were left open —aaahhhhh, so I got up went to the bathroom thought about checking the computer but said forget it. My sleep is too important.

As always keep checking my LIVE statement this is being updated every 5 minutes at: http://minnelli.com/forex/mystatement1.htm

Closed Trades:
Today: 0  for +$0
Week:  0  for +$0

Open Trades: 
13 Trades Open for -$722.13

Summary:
Balance: $1361.50
Equity: $639.38  (53% Drawdown from balance of $1361)

Weekly Summary
Date From – To = End Equity/Start Equity(Pct) | Trades Balance +/- Profit
*June 25 – June 29 = $1006.33/1000 (.6%) | 21 Trades -16 win 5 loss closed all trades in Ver 1.1
July 1 – 6 = $1054.69 /1006.33 (4.8%)  | 17 Trades $1074.93 +68.60
July 8 – 13 = $1127.33/1054.69 (6.8%) | 16 Trades $1178.64 +103.71
July 15 – 20 = $1198.69/1127.33 (6.3%) | 19 Trades $1284.43 +105.79
July 22 -  28 = $493.00/1198.69 (-58.8%) | 10 Trades $1341.00 +56.57
July 30 – Aug 3 = 604.75/493.00 (+22.6%) | 3 Trades $1361.50 +20.50
*starting balance on June 25 was $1000

Settings: Default Settings TF 1/6 | Lots=.02 and .03 on low risk | MM=false | Mini=false | Micro=true
15 pairs: AUDCAD | AUDNZD | AUDUSD | CHFJPY | EURCHF | EURGBP | EURJPY | EURUSD | GBPCHF | GBPJPY| GBPUSD | NZDUSD | USDCAD | USDCHF | USDJPY
.03 lots: AUDUSD | EURCHF |  EURGBP | EURUSD | USDCHF