Dear FOREXPRESS subscribers, after extensive tests, I managed to improve AUDCAD performance (in backtesting), by using a variation of the EA used in FOREXPRESS strategy. Potential profit has been doubled, while maximum drawdown was reduced by half. I also improved the settings and results of EURJPY and EURUSD pairs by more than 30%. We will trade with these new setups on Monday night (GMT+3 time), after the Easter Monday holiday.
Dear FOREXPRESS subscribers, I want to make my position crystal clear. I have 10 years of forex trading experience and I've spent the last 4 trying to create the best algorithmic system possible. FOREXPRESS is the result as every form of investment requires patience, persistence and discipline in order to flourish. My strategy has achieved some good results with relatively low drawdown so far, but that doesn't mean that will always go up and that will never suffer any kind of correction. All solid strategies go through periods of consolidation, following the market and currency pairs moves. I understand that some subscribers have lost all their patience and a lot of money in previous signals, that didn't apply any kind of risk management or stop loss and at some point suffered total failure. This will never happen to us, but by using a strict stop loss in every position, we record some losses quite often, in order to protect our accounts from greater disappointment. As for profit taking, I receive some messages asking me why we didn't close this profit or that profit, the answer is that I've performed countless tests with every break even, stop loss, trailing stop loss and take profit combination and my current setup (different for every pair) is the best possible in terms of maximum profit and low drawdown, in the long term. I am not making adjustments in my settings over a few days of bad or good results, I always test my final settings for each pair over the past 6 month period. The bottom line is that I am doing the best I can for me, my personal investments and I believe for my subscribers. All of you that feel that this suits you, please relax and enjoy our ride, it will not always be nice but at the end of each period (week to week and month to month) we will be in higher levels.
Dear FOREXPRESS subscribers, we've lost some ground this week, but this is all part of a solid strategy and a consolidating market. I know that the subscribers who joined over the last 10 days are in the red, but others that follow this signal from its earlier days are still in good profit. If we have patience, persistence and discipline we will succeed in this journey together.
Dear FOREXPRESS subscribers, the new week started with most pairs not going anywhere and that doesn't help in finding a trend. I would like once again to draw your attention to the way this strategy works. This system goes through periods of consolidation with small losses and small wins, when the market has a similar non directional behaviour, but then some bigger trends occur and substancial profits are recorded. Please take a look on this EURJPY backtest below, where this type of advancement its easier to understand. If you don't have the necessary patience to go though these flat periods, you will not enjoy the reward of upward movements when they come.
Dear FOREXPRESS subscribers, the moment we've opened a sell USDSGD trade earlier this morning, there was a rumour out that North Korean leader Kim is brain dead, driving USD up and us hiting a SL in a few minutes. What were the odds of that? Anyway, we will continue with our normal trading and soon we will find our footing.
Dear FOREXPRESS subscribers, everything that could go wrong has gone wrong and we are losing 20% from our high. I strongly feel that this is a very solid strategy that was introduced on the 18th of February, just before this global crisis broke out, has given 90% of profit in a month and a half and now corrects 20% from its high, something within my signal's description and expectations. I know it doesn't look nice at all for those who joined at the top, but my advice was to use only spare money that you will not need for the next few months. I am in this for the long run and I strongly believe we will recover soon, but given that since I've started this signal the whole world stop moving for 2 months and now an unprecedented oil crisis with negative future contract prices that were never seen has striked, we are in uncharted waters.
PS. AUDCAD's performance is really unexplicable, since my latest setup has given more than 80% in the past 6 months, but for the past few weeks its doing the exact opposite of what we expect. Earlier this morning AUD popped without any reason (again) and our virtual 700 points SL couldn't work, so the emergency SL stepped in as it should at 820 points.
Dear FOREXPRESS subscribers, a tough week comes to an end, with most currency pairs ranging and that has given a lot of false signals. We've managed to form a base and I believe we will be able to recover at higher levels soon. This is no ordinary pediod with markets in turmoil on a global scale, so a correction of 20-22% from our recent high seems normal. In better times this system can produce very good results of 20-50% per month and with patience and persistence we will get there again.
Dear FOREXPRESS subscribers, with the FED meeting a few minutes away, I didn't want to leave us exposed to some sudden moves and danger, so I closed our trades and I will resume our system tomorrow, after the ECB meeting and press conference is over. The market is giving us a hard time with no clear trend and continuous ups and downs for some days now. We will persist and we will win in this journey together.
Dear FOREXPRESS subscribers, the week ended with some gains, followed by a small setback today. We will continue our normal trading with small adjustments in our setups, in order to reflect the best possible settings over the past 6 month period (November - April). From this week all positions, including USDSGD ones, will be closed before the weekend in order to protect us from any surprises. This is a long term investment project and requires patience, persistence and discipline.
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