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prax

Trap Action EA EURUSD and USDJPY

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Expert Advisor trading performance, using simple method : Stradle Entry orders.

Forward tested with low spread pairs EURUSD, USDJPY.

order summary since June 26th

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latest performance stat :

Gain: +25.5%

Daily: 2.30%

Monthly: 25.50%

Drawdown: 7.10%

 

EA run through VPS server 24/5, no time filter, no news filter, which means it keep running all the time at any market session. even got better result as today's uncertain movement (gap) due greek referendum event.

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will keep update, in order to track daily EA performance.

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latest performance update, have hardtime moving into new VPS server. well, overall trading result still at positive result, total gain till today 25%

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quite good result after 2 weeks, with 7% Drawdown.

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latest update trading performance, drawdown still at 7%, with 30% profit gain. now using better VPS server to match tickmill server location (london). I believe a reduce at latency would give better result while entry executed.

asi.jpg

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all order are executed as planned, but the market are less volatile today, as result several order got hit while there's no further pace upon the market price.

apors.jpg

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EUR/USD to resume downside eventually Mir feels that EUR/USD looks rangebound, and that if it was going to push lower, it would have done so already at the start of the week. Nevertheless, in the long run, he can see more downward pressure and expects bearish flow to return ion the near term.

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thank's for your input Luke, EU pair movement are less volatile for past weeks, still wandering around with slight pips range.

and makes my order are got SL hitted, the EA result now down to 23% profit gain.

apords.jpg

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order summary after 4 week :

allapor.jpg

and it's seem the market giving another volatile attempt which cause positive result, trading performance result at 27% by now.

day0.jpg

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EUR/USD: Supported as Greek fears decline EUR/USD has been more resilient this week due to ease in Greek fears. EUR/GBP remains preferred for trading the Euro,believe the single currency has been data-responsive this week.

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Bullish on EUR/USD

More upside potential might be seen ahead in EUR/USD. Volatility is going to be two-sided before the FOMC. The markets remain too hawkish on the FOMC and any disappointment might see the cross pushing above 1.10 resistance for a move towards 1.12.

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it's really did happen luke :), last EU bullish formed as the EA grap several order executed. account age 5 weeks, with total gain profit 36%, at 7% drawdown.

sadell2.jpg

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Wilson Leung, Director of Trendsetter FX, joined Tip Tv to give the outlook for USD/JPY and EUR/USD.

USD/JPY: Re-test of 124.50 expected The recent China stock market rout supported the Yen temporarily as recovery in equities saw USD/JPY rebound higher. The key risk ahead for the cross remains the FOMC meeting and the US rate hike expectations, according to Leung. He further suggests buying any USD/JPY dips below 123, and maintains an upside target at 124.50.

EUR/USD: Keep an eye for a range breakout Leung notes the key upside and downside levels for EUR/USD, and sees a break below 1.1019 to remove any long positions on the pair.

See more at: USD/JPY: waiting for a 124.50 test, EUR/USD: wait for a range-break - Tip TV

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Steven Woodcock, Senior FX Analyst for Plutus FX, joined Tip TV to elaborate on the currency outlook during the thin holiday months. Bearish on GBP/USD The GBPUSD has remained a range trade this week, according to Woodcock, who believes that the range will continue into next week, with possible downside for the sterling in the future. He noted that EURGBP had been a prime driver, and that we might see a relief rally, with a possible move to the 71/71.50 area, which would pressure the GBPUSD. GBP/CHF: Downside expected Woodcock commented that the GBPCHF will come down in the future, as the EURCHF begins to just turn over, but there is not much in the charts at the moment concerning the CHF. USD/CAD: Outlook depends on Canada GDP, but susceptible to the downside The USDCAD is onward and upward according to Woodcock, with the CAD being aided by the bank of Canada. He believes it has hit a tough point at 130.50, but with good Canadian numbers today there is a chance the USDCAD could break through. Alternatively, poor numbers or oil could cause a pull back. EUR/USD: Look at the crosses Woodcock finishes by adding the EURUSD has traded heavy recently, but argues that it does need a clear out. He believes a danger move could be to the upside, and decides that a cause for a spike in the EURUSD could be the EURGBP. Woodcock advises to watch the weaker side of the crosses to ascertain outlook for the euro dollar.

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Wilson Leung, Director of Trendsetter FX, shares the outlook for USD/JPY, EUR/USD and GBP/USD. USD/JPY: Buy the dips Leung retains his bullish bias on USD/JPY, and suggests buying any dips on the pair towards 123.50, with a stop loss at 123.00. Leung notes how the pair is showing a sideways trend in midst of the August – holidays. EUR/USD: Awaiting the nonfarm payrolls Leung sees bearish potential for EUR/USD if the US nonfarm payrolls prints a strong number. He expects the pair to break below 1.08 levels on a strong US jobs data. - See more at: Strong US NFP might push EUR/USD below 1.08, Buy dips on USD/JPY | TipTV.co.uk

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