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WELCOME TO MY FOREX TRADING JOURNAL

Attention!!  E-GOLD is no longer supported by LITEFOREX. Please use other e-currency to make deposit or withdrawal.


"Fundamental is a must and technical will made everything much better" - Me, Aldhy

"Trader is a speculator looking for an opportunity to capitalize on the mispricing of securities. If you can’t do that, than you are only a gambler in a negative expectancy game of chance." ~DarkStar, ForexFactory.

FOREX very  interest me. A challenge to combine technical and fundamental analisys,  to get the best trading decision, make me exited every day.

Check some of my trading system that I created on left menu.
Happy Trading

Hi traders and EA developers,
Want to get 
0.5 pip REBATE for every closing posisitons? *
Want to trade news with FREE FAST NEWS SERVICE ?
Deposit $1 and trade using the greatest Metatrader4 Platform ?
Want to get EA's in this website for FREE?
INSTANT DEPOSIT using Liberty Reserve, E-Bulion and Webmoney
FIX SPREAD, even on NEWS
Up to 1:500 Leverage
**
Business opportunity with Affiliate Program 

Simply open a LIVE Account on  Liteforex.Org FOREX Broker under my affiliate and you will get all of those benefits. CLICK HERE FOR DETAIL or you can contact me or click banner below to start opening new LIVE ACCOUNT on  LITEFOREX.ORG


* 0.5 pip rebate only available for LIVE ACOUNT opened under my affiliate program, so make sure you open account by click on banner above and contact me for sure. Then inform me your Liberty Reserve account. If you are late to inform me, than only last 15 days rebate can be claimed.

** Without proper risk management, this high degree of leverage can lead to large losses as well as gains..

 

Journal Harian
15 Sept 2008 - The Phantom EA - New Feature

Hello Guys  

How r u today. I hope you have a great day

Its been so long since my last writing. Just want to inform you that my Phantom EA currently has a new feature called "SmartDynamicSLandTP". By using this feature you do not have to set the SL and TP manually anymore.  As we know, deciding what SL and TP will be used is very crucial when we use The Phantom EA. And sometime it is not easy to do it since we have to make sure that the SL and TP fit the ranging value. And it can be very time consuming since we have monitor chart everytime.

But with this new feature, the EA will calculate the TP and SL by it self.  So we have more time to do something else

This new feature has been tested successfully at GBPUSD, USDCHF and EURUSD with 0.1 lot and maximum level reached is 8 and max drawdown for GBPUSD and USDCHF is around 9500 point and 23000 for EURUSD which happen one on 4 years data.

I'm sure this is the one and only martingale base EA that can passed strategy tester with 4 years data with maximum level reached as low as 8

Yes I know that the result is not so impressif. This EA will only open one position everyday. But I'm sure this martingale base EA is very safe and if you use it on 3 chart you can have 3 position everyday, so i think it is cool.

Below is the backtest result :

GBPSUD Margin: 10000, Lots:0.1, Drawdown max: 9000an, Max. Level: 8 (6.4lot)

GBPUSD The Phantom EA Backtest 

USDCHF Margin: 10000, Lots:0.1, Drawdown max: 9000an, Max. Level: 8 (6.4lot)

USDCHF Forex EA Backtest Profit 

EURSUD Margin: 25000, Lots:0.1, Drawdown max: 22000an, Max. Level: 8 (6.4lot)

EURUSD Forex EA Backtest Profit

 For details, please test it by yourself. Just download it from download section to get the EA.

Below is some note that you have to concern to test the EA:

1. Use H1 Timeframe.

2. Start the tester from 30 days after oldest day. Because this EA need to use 30 days older data to calculate the SL and TP.

3. If you use 0.1 lot, use 10000 margin for GBPUSD and USDCHF and 25000 margin for EURUSD.

4. If you forward test this EA on 3 chart, it will much better if you install the metatrader on 3 different folder. And open 3 metatraders simultaneous and each metatrader handle only one chart and EA. We need to do this because we need to prevent colision on opening/ closing position for each Chart.

OK, happy trading

 



Artikel Penting
List of tradeable news

Below is an Excell file which contains list of tradeable news from 6 countries with strong currency like US, UK, Euro, Canada, New Zealand and Australia.

This file created by one of News Trader at Forex Factory, "BigMac". Thanks to him :)

CLICK HERE TO DOWNLOAD 

More...
Download Felix Triggers since August 1st 2006
Important things to remember when trading the news
wrong assumptions about news trading
News Trading VS Trend
Forex News Trader Trading Style


DISCLAIMER AND RISK WARNING

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts

Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex market. Don't trade with money you can't afford to lose. This ad/presentation is neither a solicitation nor an offer to trade forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this ad/presentation. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. Me and my products will not be held responsible for the reliability or accuracy of the information available on this ad/presentation. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by me and/or my products. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

 

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