Forex Pipmanager

20/12/2022

LIVE STREAM

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19/12/2022

https://www.youtube.com/channel/UC6E7LSxWp4Wn7-ktKl_FzSA

16/12/2020

DAY 27

The best performer of the day was Agimat Ultra with +9.42 Euro. Close behind DailyFX with +8.01 Euro. Both systems had a good day.

Agimat Ultra did not need any grids today. All entries were correct.

The signals from DailyFX were good. Sorry if I repeat myself. But still, the bad AUDUSD sell trade, unfortunately, negates the good results. It will all depend on how that trade turns out. On the stop loss, I would lose more than 50 Euro.

Again a horrible day with the Renko candles. This method is now the top candidate to leave the test lab. I will change a bit the risk and entries the next days. But if I can´t get good results within the next 3-5 days this method will not stay in the test lab. It produces too many false entries so far.

The Guiding Light EA is at the moment in a EURUSD buy trade. In some minutes we have FOMC and I hope it will not end in a bigger drawdown. Today I banked again profit with that EA.

With the help of the analysis and the signals from FX Street I made again profit today. One more good trade and the overall result from FX Street is over 60 Euro. Nothing to complain :-) It is the second-best system of the test lab.

15/12/2020

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.

14/12/2020

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.

13/12/2020

DAY 25

That´s what I want to see: On Friday all systems made a profit. The complete week was good after I stopped using the trade ideas from TradingView on Monday. It was the first system that I removed completely. 14 losers in a row were enough...

I also stopped all testings with the Dynamic Swing Trader indicator. As you know I used an auto-trader that took the H1 signals. After 3 good weeks, the profit was lost in this week again. Basically, it happened the same as on the H4 test lab account. So this indicator is out too.

Agimat Ultra traded only on Friday. Small profit, but better than a big loser. And I had two winners with the Renko system.

This week I added the signals from DailyFX VIP into the Test Lab. The profit was very good. The open trades are a bit worrying though. We have to see how that develops in the next weeks.

The signals from FX Street were very good this week. Nothing to complain.

The Guiding Light EA made less profit this week than the week before. On the last two trading days this week, the EA came into not so good trades. It took a bit to come out of that trades. But the EA is still the number 1 system after 5 weeks, the second place goes to FX Street.

The Red Hawk EA made +2.04 Euro this week on the long-term test account. The account balance is up to 260.94 (start: 250 Euro).

10/12/2020

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.

09/12/2020

DAY 23

So far our systems in the test lab banked good profit this week. But we have a high red number on the open trades.

Yesterday I removed TradingView and replaced it with the signals from DailyFX VIP. Sometimes the entries from them are a bit too early in my opinion. But so far nothing to complain about. After two days the signals banked 16 Euro. Two trades are open though. AUDUSD sell and CHFJPY sell.

With FX Street I had today first a wonderful buy trade on Gold but then the NZDUSD buy trade destroyed that profit again. The day ended with a small minus. But FX Street brought this week already good money.

No trade on Agimat Ultra again.

Finally, I found the bug on the Metagrid Renko version. I traded the last nine days only with 0.01 because the trade manager closed the trades always in the wrong places. Now that bug is fixed and I can begin to use the Renko system as I wanted.

The Guiding Light EA was in a good mood today. It came into several risk-free trades. But then it could not resist opening again a sell trade on EURNZD. If you followed the charts today, you know that NZD crashed. And so the sell trade from the Guiding Light EA is not in a good condition. Already eight grids are active. Only one could be closed so far. But there was literally not retracement since the up move. It gets interesting with that trade. Tomorrow we have the ECB meeting, if the Euro gets another push up this could bring the EA in big trouble for a while. But if the Euro gets weak tomorrow this could bring me out of that bad trade.

07/12/2020

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.

06/12/2020

WEEK 4 / Month 1

Can you believe it?! A full month of the Forex Test Lab is already over.

TradingView crashed our weekly result totally. With a result of -80.55 Euro. Every trade idea I took from their website ended with a loser. The "highlight" (haha) was a USDCAD buy trade which ended with a disaster. The problem is in my opinion that everyone who wants can publish any trade idea on TradingView - regardless of how stupid the idea is. Most probably I will replace TradingView, I have to think about it for some more hours. But such a big minus is hard to compensate for. I already got from William an interesting signal service, which could be a good replacement. More on Monday.

I had turned off the Guiding Light EA on Friday because of the NFP release. The EA made almost 20 Euro profit this week and there was no need to risk this money on the crazy Friday.

The Renko trading style is nice. I like the clean chart but I have to practice more to find entries. This is the reason for the small profit. I will go into more trades in the new week.

As you maybe saw I had to restart the Agimat Ultra test on Wednesday. My Agimat Ultra auto-trader had a bug, which caused that the trades got closed too early. Now all is working fine and the test is running as it should. Agimat Ultra had no bigger problems this week, two trades needed the grids to end in profit. It is too early to make conclusions.

With FX Street I had mixed emotions this week. The weekly profit is nice with almost 10 Euro. At the moment a bigger EURUSD sell trade is running. They told that EU can´t go any higher now and that EU at this time of the year gets normally weaker anyway. But after the sell trade was opened EU went 50 pips higher instead of going down. My trade was -42 Euro in minus. On Friday EU began to go down a bit and with the end of the trading week, my trade was at -6 Euro. If EU goes further down this could bring a lot of pips or the next disaster if EU stays that strong.

04/12/2020

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.

02/12/2020

For my today´s report, I begin with Agimat Ultra. Unfortunately, I have to restart the test. My Ultra auto-trader had a bug. It secured the grids after a while with a break-even stop loss. With this, the grids got destroyed. In the morning two trades were without any grid. They had no chance to come in profit again. With an intact grid, it would have been possible to close them profitable. The other three trades ended with a profit. I had to close the two destroyed trades with -15 Euro. It would be unfair to let these negative trades in the statistic as it is not the fault of the system. So I restart tomorrow the Agimat Ultra test again with a 500 Euro start balance.

Overall it was a not so good day for our systems in the test lab. Both trades on the Renko system were losers. But it is much too early to judge this system after two days of using it.

The trade ideas from TradingView are really bad at the moment. Since one week all trade ideas are losers. The overall profit is down from 21% to 7%. It looks like the market does exactly the opposite of the trade ideas.

The Guiding Light EA is still working on the EURNZD sell trade. It was -35 Euro in the morning and with the help of the grid retracements, it is now at -2.50. I hope the EA can close this trade overnight. With other trades, the EA made +1.44 Euro.

Three signals/trade ideas from FX Street triggered today and so far they are at -10.30 Euro overall. There is a EURGBP sell, EURUSD sell and NZDCHF buy. EG and NC are in profit, but the EU trade is at -13 Euro. If EU goes tomorrow further up it could get ugly for this trade. The forecast from FX Street is that EU can´t go further up and will drop now, especially because it does this every year between December and February. We will see if EU knows that!