Forex Pipmanager

DAY 27

Sadly I come not into good trades with the Renko candles. I like the clean chart picture. And if I scroll back the last hours I see wonderful bricks of the same color. But if I try to come into such nice trades the color of the bricks changes very fast and the trade is over or in a big drawdown. Maybe this method is nothing for me. I miss the price action, which can´t be seen with those bricks. Of course, I'll give that method another week to test it further. But if I don´t come into better trades I will stop using this method.

Agimat Ultra banked again profit today. The account grows, slowly but it grows. The Guiding Light EA made some trades with USDJPY today and is at the moment in an NZDJPY sell trade with a little drawdown. The overall profit of that EA is now more than 70 Euro.

Some signals from DailyFX VIP reached today target 1. The open AUDUSD sell trade is still concerning and could destroy the good result.

The silver trade from FX Street which I copied with a smaller lot size reached its target. The signals from FX Street are very legit.

DAY 26

Here are the results for Monday. Today I have not that much time for a longer text. But you can see that we had a difficult start to the new trading week. All systems have open trades with a red number.

The best performer was today Daily FX VIP.

DAY 24

I can make it very quick today. All systems were lazy :) Market conditions were far beyond good today. Only the Guiding Light EA tried some trades and could not make a profit today.

The two running trades from DailyFX VIP are still in a bad condition. They moved today the stop-loss from the AUDUSD sell trade from 100 to 200 pips. If they always move the stop-loss further away we will end with a lot of big red open trades. We will see. On their channel, they posted today a lot of winning trades. But these are older trades. I don´t have them. I joined them 3 days ago.

A new signal triggered some minutes ago on Fx Street. An NZDCHF sell trade.

DAY 21 - Forex Text Lab

Today I gave TradingView another chance. And again it failed. All trade ideas I took from the website today were losers again. This makes 14 losers in a row from the TradingView trade ideas. This is bad, really bad. With the trade ideas from TradingView, I lost over 80 euros in 21 days. I decided for that reason to stop the tests with TradingView. It is the first system that has to leave us completely. Yes, I removed Red Hawk EA and Dynamic Swing Trader too - but both systems are still on other accounts for long-term testings.

It is in my opinion not worth following the trade ideas from TradingView, in fact, it can destroy money. Everyone who wants can share on the site any trade idea and that makes it in my opinion so dangerous. You can get a lot of false ideas. No doubt the chart tools from TradingView are great for analyzing. But the trade ideas from the community are not.

So one spot is free again on the test lab. And this spot gets filled with a signal service William brought up in the telegram channel. It is "DailyFx Signal VIP". They send out 4-7 signals every day and on their free channel they show on many days 100, 200 even 300 pips winners. Is that real or fake? We will find that out with that live test. I begin tomorrow using their signals on a live account.

The paid signals from FX Street made my day. The EURUSD trade reached the target today with +24 Euro. Later there was an AUDCAD sell trade which also reached the target for +20 pips. I used for that trade a smaller lot size. FX Street is now together with the Guiding Light EA the strongest system in our test lab. The quality of the signals was really good for the last 3 weeks. Yeah, I had some doubts about that EU trade as you know. But well, they were right!

The Guiding Light EA had it not easy today. He traded all day long AUD pairs and did not find the best entries. It took the whole day for the EA to come out of the trades at a break-even level. But better than losers!

On Agimat Ultra there was no trade today.

I had a small trade with the Renko system but there seems to be a problem with the Metagrid Renko beta version. It stopped my trade after one candle. Which was not the target. I have to look into this.

On Thursday the restart of the Agimat Ultra test began well. The bug is now fixed and the auto-trader takes the signals as it should. It banked so far 5 Euros.

The Guiding Light EA had no problems coming through all trades this week. It made this week 19.33 Euro. Since the start of the test lab, it made +61 Euro. Because no trade was running on Friday morning I turned the EA off. Today we heave the NFP and it is best to not use a grid EA on such a day.

I missed on Thursday a perfect entry with the Renko system. I canceled the entry too early and then USDCAD moved without me 40 pips. So I still have to practice this method more!

The sad news is coming from our two external analysis sites: The newest ideas from Tradingview which I chose were again losers and so all the gain of 21% is lost now. Every analysis from the last 10 days was totally wrong. TradingView is now a top candidate to leave us. I give it one more week though.

While on TradingView mostly amateur traders show their analysis the paid signals from FX street are made by pro traders. Does this make it better? It seems not. They told on their site that EURUSD can´t go any higher now. But it did the last two days. The result is that the EURUSD sell trade is at -42 Euro at the moment. It is a longer-term trade. If that one goes wrong it will cost me 60 to 70 Euro. If that happens I would terminate the FX street signals. The EURGBP signal was a winner though with + 8.28 Euro. The NZDCHF buy trade ended break even.

The results of the long-term test of the Red Hawk EA are totally different from the results from the test lab: The EA did not lose a single day in this week and made 9 Euro with a fixed lot size 0f 0.02 on a 250 Euro live account.

As you know I also still test the Dynamic Swing Trade indicator with an auto-trader on H1. I added it to a 20 Euro live account, yeah don´t laugh. The account is now at 28 Euro. Only one loser this week. Maybe we will see a comeback of the DST! Sorry that I can´t give you a live statistic for it because Forexfactory does now allow more than 8 trade explorers.