Forex Signal Providers – Journal

FX Auto (FXDD Auto) from Tradency – As of Friday, August 17 we had well let’s say a bad day by about $200 – the market, the fed, everything is killing us right now – whipsaws galore on the atr channel. See the results below. I told you a week ago why I was lowering my atr channel trade sizes. After a few wins we get a little rough patch but have always come out okay.

Closed Trades:
+0 Forex Fiesta C4
+17 ATR Channel
-90 ATR Channel
-121 ATR Channel
-$199.31  Net Loss

Open Trades:
3 trades Net: -$170 – All Long GBPUSD

Summary:
*****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
Balance: $3287.23
Equity: $3117.23
Trades: 204
Wins: 122
Losses: 82
Biggest Winners: $266 ATR Channel July 27 (.2 lots), $257 – June 8 ATR Channel, $180 July 2 Forex Fiesta C4
Biggest Losers: $228 ATR Channel Aug 1 (.2 lots), -114 ATR Channel Aug 1 (.2 lots), $87 – June 18 with Forex Fiesta C4
*starting balance on April 29 was $2500 *****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
**adjusted balance is $1500 after I removed the $1000 for the Steinitz Metatrader EA which then proceeded to lose $850 with a nice margin call…

FX Auto (FXDD Auto) from Tradency – As of Thursday, August 16 we had one losing trade with ATR Channel – it was kind of big at 112 pips, but we will survive. I have two open trades that are down $25, we will see how that works out tomorrow. Chances are I may close stuff tomorrow ahead of the weekend. This was our 200th trade and we have won 120 of them (60%) not too bad at all…So 60% and up almost $2000 on an initial $2500 investment (remember – I took a $1000 out).

Closed Trades:
-112 ATR Channel GBPUSD
-$112.22 Net Loss

Open Trades:
1 trades Net: -$25

Summary:
*****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
Balance: $3486.54
Equity: $3461.54 – up almost $2000
Trades: 200
Wins: 120
Losses: 80
Biggest Winners: $266 ATR Channel July 27 (.2 lots), $257 – June 8 ATR Channel, $180 July 2 Forex Fiesta C4
Biggest Losers: $228 ATR Channel Aug 1 (.2 lots), -114 ATR Channel Aug 1 (.2 lots), $87 – June 18 with Forex Fiesta C4
*starting balance on April 29 was $2500 *****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
**adjusted balance is $1500 after I removed the $1000 for the Steinitz Metatrader EA which then proceeded to lose $850 with a nice margin call…

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

FX Auto (FXDD Auto) from Tradency – As of Wednesday, August 15 we had 2 losing trades – we had a ATR Channel and a Forex Fiesta C4 drop our equity by about $170…I knew we would have some losses soon. Plus the open ATR trade is going to lose, very close to being stopped out. SO we had a bad day, let’s see about tomorrow.

Closed Trades:
-$78.23 ATR Channel USDCHF
-$88.00 Forex Fiesta C4
-$169.66 Net Loss

Open Trades:
1 trades Net: -$71

Summary:
*****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
Balance: $3598.76
Equity: $3527.76 – up $2000 ish
Trades: 199
Wins: 120
Losses: 79
Biggest Winners: $266 ATR Channel July 27 (.2 lots), $257 – June 8 ATR Channel, $180 July 2 Forex Fiesta C4
Biggest Losers: $228 ATR Channel Aug 1 (.2 lots), -114 ATR Channel Aug 1 (.2 lots), $87 – June 18 with Forex Fiesta C4
*starting balance on April 29 was $2500 *****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
**adjusted balance is $1500 after I removed the $1000 for the Steinitz Metatrader EA which then proceeded to lose $850 with a nice margin call…

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

FX Auto (FXDD Auto) from Tradency – As of Tuesday, August 14 we closed nothing but had one open trade that is down about $52. The bummer is if I wold have let the ATR channel ride on Friday I would be up nearly 200 pips right now. But like I said before, I would rather grab the winner when it is available. Plus it was going into the weekend.

Closed Trades:
None

Open Trades:
1 trades Net: -$52.82

Summary:
*****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
Balance: $3768.43
Equity: $3715.61 – up $2200
Trades: 197
Wins: 120
Losses: 77
Biggest Winners: $266 ATR Channel July 27 (.2 lots), $257 – June 8 ATR Channel, $180 July 2 Forex Fiesta C4
Biggest Losers: $228 ATR Channel Aug 1 (.2 lots), -114 ATR Channel Aug 1 (.2 lots), $87 – June 18 with Forex Fiesta C4
*starting balance on April 29 was $2500 *****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
**adjusted balance is $1500 after I removed the $1000 for the Steinitz Metatrader EA

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

FX Auto (FXDD Auto) from Tradency – As of Monday, August 13 we closed two atr channel trades – the net result was a lose but I’ve had a good string of wins. Didn’t I tell you I had a reason to back it down to .1 lots

Closed Trades:
-86 ATR Channel GBPUSD
+32 ATR Channel GBPUSD – manual
Net: -$55.91

Open Trades:
1 trades Net: -$5.81

Summary:
*****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
Balance: $3768.43
Equity: $3762.62 – up $2262
Trades: 197
Wins: 120
Losses: 77
Biggest Winners: $266 ATR Channel July 27 (.2 lots), $257 – June 8 ATR Channel, $180 July 2 Forex Fiesta C4
Biggest Losers: $228 ATR Channel Aug 1 (.2 lots), -114 ATR Channel Aug 1 (.2 lots), $87 – June 18 with Forex Fiesta C4
*starting balance on April 29 was $2500 *****NOTE I TRANSFERRED $1000 OUT ON JUNE 25
**adjusted balance is $1500 after I removed the $1000 for the Steinitz Metatrader EA

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