21/02/2020 daily update

Finishing the week on a high with the Forex trading, really starting to get to grips with executing my trades, using an expert adviser on MT4 in conjunction with my algorithm has helped speed up and streamline the process.

 I have received some great feedback from the Instagram community with the trades I have placed over the past couple of weeks, I may only be demoing my system but it is definitely proving to a profitable one.

Yesterday evening I opened a trade on AUDCHF pair and woke up this morning to a 30+ pip move, not yet at take profit levels, hence why there are still two trades open the screenshot below, tonight I have opened a EURJPY trade, showing a small loss as not yet overcome the spread on entry but algorithm was showing a baseline cross, so that's why I took the trade.

 Finally the GBPNZD trade that's been open since 13th February reached take profit and closed one half, I've moved the stop loss to break even but not yet activated my trailing stop, will review on Monday evening next week.

Speaking of encouraging feedback I am going to fast track the release of my signals trading service and release this before I go ahead with a full on copy trading service.

Look out for more info on my Instagram story

https://www.instagram.com/the_fx_blogger/

20/02/2020 round up

Yesterday I had an open sell trade on chfjpy, this had already hit my Take Profit level for one half of my trade and I duly moved the stop loss to break even on the other half, before I could review it at the end on the day candle closure, it had reversed, closed me out at break even.

All was not lost as my algorithm had presented another opportunity as the price had crossed over the baseline, showing a buy trade along with my other indicators.

Take profit on the buy trade was achieved before lunchtime today and then moved the stops to break even on that trade too. The market has not yet moved sufficient distance for me to activate my trailing stop but its not too far away. Current screenshot of my open trades along with my trade which hit TP today.

My 2020 Vision

Halfway through Feb and 2020 is going well, back test done on Forex algo and continuing through with the forward/demo testing, little wins and little losses offsetting each other, mixed in the 100+ pip moves, its coming together nicely. My MT4 copy trader gained the first follower this week, this is a demo account and as such you can only link demo accounts to the copy trader account, I do intend to convert my copy trading service to a live account soon.

I will be trading with an IC markets account as they cover Singapore Dollar markets v's the 8 majors too, where as my current broker only offers USDSGD. Also by using the same broker as myself you dont have to worry about slippage where one broker is offering a different entry price to mine and you miss out on the extra pips.

I am going to make my copy trading service, most affordable and available to any and everyone and set my fee as low as MT4 will allow, I think this is $20 per month, but was hoping to be able to set it $10 per month.

This is service works much like a managed account, except there is no profit share involved, you keep all of your profits and only the cost is the small management fee.

If you follow signals providers and are sick of missing out on the best entries and the best moves, then this service is perfect for you, instant execution, when ever I make a trade you get the trade(s) placed on your account, the same entry, the same stop loss and the same take profit level.