Channel Trader PRO Discussion

Did anyone catch that amazing EUR/USD sell position? It was opened at some point this morning for me and completely took off after the ECB press conference! - well pleased. However, I am confused that I can't see it on the actual CTP myfxbook?

Hi Rob,
How did Swing trader pro look this morning during the move?
Is it still working for you?

swing did not catch that move. That was most likely a news event and it affected a lot of pairs. The swing trader strategy is basically when the price reaches 2 standard deviations away from the average you will enter a trade and take profit when price goes back to the average. So it's definitely not a trade with the current short term trend strategy. You are kinda trading against it. I have 6 open trades right now. And I think I entered them too close to this news event. I should have waited another day. They are all drawdown about 70 pips currently. But I think it will catch the market correction and move back down to the average +150 pips. I closed 7 other trades this week. Smallest one was +40 pips. I like manual trading a lot better.

What a fantastic move that was and to think I was toying with the idea of putting a sell trade in about 2 hours before it made the big move.

Hi Rob,
How is Swing Trader doing? Is it still holding up well?

Bad losses today with that euro move. Affected trades with the Swiss frank too. I think swing trader needs to come with some more training

Actually the trades may have been winners. They didn't hit stoploss. I had a margin call. We will see. My fault partly for risking too much. Can't try to be an overnight millionaire

Hey guys,

Please... move the discussion for Swing Trader Pro to the correct place.
You can find the Swing Trader Pro Discussion at the Following URL:
https://www.myfxbook.com/community/trading-systems/swing-trader-pro-system/1030354,6

This discussion is for Channel Trader Pro.
Those who are subscribed to this thread would greatly appreciate it.
Getting email notifications for this thread when it's not about Channel Trader is a waste of time.
Thank you,
LL

If ChannelTraderPro takes another big hit, then I am giving up on it!

😇the day befre last day,i pause the vtp and ctp...........that's a smart decision

Bad trades since CTP was released. Why previous transactions are very good, or it is not true at all?

Hello Unlimited Forex (RockmanX). This is the answer to your question: SYNERGY FX.

Where is everybody? At church/synagogue/mosque praying for divine intervention on these two trades?

Fingers crossed CTP recovers.

It seems to me a consistent trait of successful EA's that the strategies start to fail over time having had a sometimes lengthy successful runs. Some discussion here about why strategies generally start to fail and oft quoted 'changes in market conditions' might be good. Be equally good if Doug gave us his own insights, and what he thinks is happening in the market.

Best hope on the AUDCAD play is if RBA statements are leaning towards lower rates late Thurs/early Fri GMT and/or better than expected CAD employment stats.

Regarding EURJPY, no news coming I can see that might affect current levels. Heading in right direction, but strong resistance at 132.13 and 131.34, both of which are above our entry price. May be better to cut and run as near to B/E as possible.

Really don't want to be going into a second weekend with these trades open - as I'm sure any of you - or Doug do/does.

Come on people, speak up!

Update on my last post - I guess Divine intervention took place (Doug closing out manually...?) on the EURJPY position. Frankly I'm happy with a 16pip loss versus the 120+pip drawdown we've seen. Thank you Doug!

Let's see if we can get away clean on the AUDCAD trade - RBA Gov Stevens played down need for rate cut 10.30GMT earlier so that may work against us. https://www.reuters.com/article/2015/11/04/australia-rba-stevens-idUSS9N0ZF01Z20151104. That said he did say 'If policy were to change, it would almost certainly be an easing'...

Only possibility of some relief pre weekend is more positive than expected CAD employment figures on Friday.

After that, we're into next week for the long haul/pertinent news events to the pair:
Tues 10th 01.00GMT CNY PMI Y/Y
Weds 11th 05.30GMT CNY industrial production figures.
Thurs 12th 12.20am GMT AUD Employment Change and Unemployment rate

Synergy broker = SCAM

Don't get caught...

https://www.jltrader.com/2015/10/02/asic-regulated-forex-broker-synergyfx-appears-to-be-a-scam/

I am an user of Channel pro since august this year.

It is true the the recent past performance has been disappointing but I must say that all trades reflected in myFxbook account are identical to the ones in my real account.

I lost money with this system. It is true. But it is true that during August / September I had amazing profits. I insist. This profits were on my real account.

Therefore I would wait before saying that the system is Scam. Actually in my country you could afford criminal pennalties accusing a company of being Scam without evidence.

While I do not know if the system and the provider are true and therefore I will not accuse anybody of anything, the true is that the risk/profit ratio does not convince me. Therefore I will stop using it. This is the only reason.

Also I have seen that a lot of very good systems failing during September and October. May be this means that the market is changing.

I am using other Doug's products and so far I can not complain.

Good trades.

 

Good news on CAD unemployment data. Back to a mere 84pip DD as opposed to the earlier 126pip deficit. Not enough to dig us out of the trade so only bad CNY AUD data next week will give us a chance to BE.

Getting concerned at the increased frequency that CTP makes bad trade decisions. I'm tempted to place opposite trades to CTP as I would stand to make a lot more pips than CTP is struggling to achieve these days. :(:(

Sorry guys I haven't been chatting here much if you need to reach me you can reach me via email.

The aud/cad. exiting one, anyone want to close it ? I am thinking about it . Any sugeestion ?