Sris Journal

[Fmanchess]

Dear all,

I will be trading the next few months using a small part of my funds on a specific ergy described in this forum. The machine was initially introduced with nicotina and is being followed actively by a few people in this forum.I have utilized it prospectively on demo trade for few months and it's given me more wins than losses.The backtesting on this system has given a mixed bag of results.There have sharp critisicm of the system by some traders as it's given mixed results and feel that the success if this system is only purely as a result of randomness and becoz of the larger range and way the GBP/YEN is acting this season and this system could fail without warning.

But it's showing me the outcomes and I tempted to keep on using it as long as it nets me PIPS.

I am going live on this system on 12/12/2007.

The main reason behind writing this diary is also to maintain an accurate record of my trades as I find it hard to do this without an accountability.Once I begin posting them ,I feel that I will be more responsible as it provides u a sense that someone is watching you.

The most important ergy of the machine I am using:

System: Find the maximum and minimum between 18:00GTM and 2:00GTM then set a buy stop order with a sell stop order with minimum.
TP 100
SL 50
If close in S/L open the stop orders.
Close the afternoon if close in S/L for the next time.
Close the afternoon if close in TP.
Do not change the SL and the TP
Closes orders only in the end of the afternoon (18:00 GTM).

( Acknowldgement to Nicotina for sharing this ergy )

Any queries on this particular system are elaborately discussed in the following thread and better addressed there than here:

https://www.nigeriaforextrading.com/...-notifier.html

There is an EA readily available to exchange this system which has been created by saaebd and he's fine tuned it to include different parameters suggested by members and in precisely the exact same time maintaining the ergy complete.

EA with this particular system:

https://www.nigeriaforextrading.com/...1287401908.ex4

( Acknowldgement to Saaebd for sharing this ergy )

that I will try to incorporate my wins to a trading calculator to compound the profits and determine where will I be in 3 months time.

Https://www.nigeriaforextrading.com/...2880740743.xls

( Acknowldgement to Zoheir for sharing this calculator )

that I will try to post the trades regular here together with the outcomes.

[Fmanchess]

Trade Two on 13/12/2007 on GBP/JPY:

Sell GBP/JPY @ 228.55, SL 229.05, TP 227.55

Target hit - 100 Pips in bank

Pips in December: 200
Pips till date: 200

[Fmanchess]

Trade 1 on 12/12 on GBP/JPY:

Buy GBP/JPY @ 228.25, SL 227.75, TP 229.25

Target hit - 100 Pips in bank

Pips in december: 100
Pips till date: 100

[Fmanchess]

Trade 3 on 14/12/2007

Buy Cease on GBPJPY @ 230.12, SL 229.62, TP 231.12
Sell Stop on GBPJPY @ 228.34, SL 228.84, TP 227.34

Since GJ continues to be oscillating in a very tight range between 228.50-230.1 in the previous 24 hours,I have terrible feeling about this trade.I have a sense that either my commerce wont be trigerred whatsoever or among my commerce will activate but the price will reunite to the stop loss in light of the tight range. So I will keep the commerce open till about 10 EST as I think the CPI announce will produce the brealout I am looking for. If this fails to materlize,I will close the commerce and remain out and as someone pleasant mentioned: No transaction, No reduction - which can be good enough for me.