Monday, September 26, 2011
Monday, August 29, 2011
Wednesday, August 10, 2011
1st to 5th August 2011 - DDFX Trading System on GBPUSD : 265 pips profit
A very good week for the DDFX Trading System, all winners this week.
A few weeks back, DDFX moved to version 4 (from this version 3) but I've kept my version for now as this works fine for me.
The first sell signal arrow was when I was alerted to a potential trade. You can see that the trend indicators at this time weren't ready. I expected a move downwards and set an order on the break of the low of the first red candle. My trade was triggered and confirmed by the trend indicators and more sell signal arrows. I got in at 16388 and closed out at 16312 for 76 pips.
Next entry was a long on the 3rd August when all the trend indicators lined up along with the 3 buy arrow signals. I got 62 pips on this trade.
A short entry was next. I didn’t short after the first candle as there was just the 1 arrow despite the trend indicators lining up. After I saw the yellow short arrow indicator I went short. I got out when I saw the first trend indicator change colour which also coincided with the price bars colour change. This was a nice 85 pips!
The last trade looks late but I was waiting for all the indicators to line up and when they did I went long. This went for 42 pips. I exited when the price bars turned green along with the appearance of a change in colour in the fast trend indicator.
Overall, a great week at 265 pips!
To visit DDFX Click Here
Thursday, August 4, 2011
25th to 29th July - DDFX on GBPUSD : 95 pip profit
As the DDFX system just posts signals when they occur, there maybe times when signals appear and you maybe asleep. That's fine, move on and wait for the next opportunity. I write this as the first trade signal which appeared was at a funny hour. I set audible alerts on Metatrader to alert me when there is a signal and I remember that I woke up to put in this order. It turned out to be a good trade which netted me 45 pips. As in my diagram, there were some tell tale warning signs of a trend reversal which could have got me out the market at a better price. I tend to look at the colour change in the bars and the arrows.
I got out and sold short. The exit point for the previous trade was also the entry point for a new trade. I'm not always comfortable doing this but I had to do what the system told me. This netted me 31 pips, I got out after the first up arrow appeared.
The next day or so was very weird. You can see that the trend indicator was a bit all over the place and the up arrows and bars weren't quite right. There was a long entry which I didn't take (which would have been a loss) and shortly following that, a possible short entry (once again, I didn't take).
After a push low, I then got the trend indicators lined up and the arrows appeared for a long trade. The market move so much to the upside that I felt a bit uncomfortable trading it and put in a order at the break of the previous candle. The long triggered and I held it over the weekend. Market opened lower and I closed for a 19 pip profit. I was a little frustrated with this one.. looking at the chart, you think that I should have made much more and perhaps holding over the weekend wasn't the best of things to do.
Anyway, 3 winning trades on the GBPUSD for the week for a total of 95 pips which is quite healthy!
To visit DDFX Click Here
18th - 21st July - DDFX on EURUSD : 31 pip profit
There were a bunch of trades using the DDFX system for the EURUSD forex pair between the 18th and 21st July.
I personally find that the hourly timeframes suit me and I can't comment on the other templates which are provided (15 and 5 mins)
Anyway, on the 18th we had a long trade, the trend indicators were blue and I go two arrows which were enough for me to go long. The market however didn't move much before it fell and I ended up taking a 34 pip loss.
The next opportunity came about on the 20th July for me. I saw this move as a continuation of the upward trend despite there being some chop (one of which stopped us out) so I entered despite only one up arrow. There was a nice run and I got out when I saw the first down arrow for a 65 pip win.
Total profit 31 pips, not fantastic but a profit.
To visit DDFX Click Here
Monday, July 18, 2011
18th July 2011 - DDFX Trading System - GBPUSD and EURUSD
As I've just started testing this system, I've not made any entries as yet but I wanted to talk through the trades which could have been made on Friday if I had started testing it then... this would have been the first set of trades.
The author has templates to trade with on 15 minute, 30 minute and 1 hour timeframes and I am going to look at the longer 1 hour time frames (generally, the longer the timeframes, the greater chance of success you have as you're not concerned with noise which you see in the smaller timeframes)
Also, it is recommended to trade this only on the GBPUSD (cable) Forex pair but I looked at the EURUSD (Euro) Forex pair and I think this would also be a good pair to trade on using the DDFX system.
Ok, so to look at the charts so far:
You can see that both the EURUSD and GBPUSD charts signalled a short entry, the Euro entry was more clear with 3 arrows whereas the GBPUSD had 2 with the 3rd one appearing where the price action is now. However, as I mentioned, there is a level of subjectivity and if I were to trade it, I would have entered at the level where there are two arrows as the trend indicators mostly matched up also.
The Euro trade is already 140 pips in profit and the Cable (GBPUSD) trade is 40 pips up.
To visit DDFX Click Here
The author has templates to trade with on 15 minute, 30 minute and 1 hour timeframes and I am going to look at the longer 1 hour time frames (generally, the longer the timeframes, the greater chance of success you have as you're not concerned with noise which you see in the smaller timeframes)
Also, it is recommended to trade this only on the GBPUSD (cable) Forex pair but I looked at the EURUSD (Euro) Forex pair and I think this would also be a good pair to trade on using the DDFX system.
Ok, so to look at the charts so far:
You can see that both the EURUSD and GBPUSD charts signalled a short entry, the Euro entry was more clear with 3 arrows whereas the GBPUSD had 2 with the 3rd one appearing where the price action is now. However, as I mentioned, there is a level of subjectivity and if I were to trade it, I would have entered at the level where there are two arrows as the trend indicators mostly matched up also.
The Euro trade is already 140 pips in profit and the Cable (GBPUSD) trade is 40 pips up.
To visit DDFX Click Here
DDFX Trading System - My personal review
I'm currently testing the DDFX trading system by A. Anomaht which claims to generate 200 to 500 pips a week. I will be posting entries and exits on this blog.
The system does require you to follow the market and it will generate signals when there is an entry.. therefore you do need to spend some screentime waiting for this to happen. However, you can also set various alerts through Metatrader to email or SMS you as a particular signal appears.
There isn't a definitive entry and there is a level of subjectivity mainly because the optimal entry where all the indicators line up is not going to appear often but the author provides examples of when you can also enter.
The other plus point with this system is that it is a non-repainting system, in other words, it doesn't change it's position or appearance of it's indicators as the markets change to distort and fit a profit curve which distort your backtesting results.
The author states that it works primary for the GBPUSD (cable) Forex pair but I don't see any reason why it can't work on other pairs so I'll look at that also.
The product is available through Clickbank which is a well known online retailer.. all products carry a 60 day no-quibble refund if you don't like the product for any reason which means that you essentially have a free 2 month trial. It costs $79 USD discount from $199 through this link : Click here
To visit DDFX Click Here
The system does require you to follow the market and it will generate signals when there is an entry.. therefore you do need to spend some screentime waiting for this to happen. However, you can also set various alerts through Metatrader to email or SMS you as a particular signal appears.
There isn't a definitive entry and there is a level of subjectivity mainly because the optimal entry where all the indicators line up is not going to appear often but the author provides examples of when you can also enter.
The other plus point with this system is that it is a non-repainting system, in other words, it doesn't change it's position or appearance of it's indicators as the markets change to distort and fit a profit curve which distort your backtesting results.
The author states that it works primary for the GBPUSD (cable) Forex pair but I don't see any reason why it can't work on other pairs so I'll look at that also.
The product is available through Clickbank which is a well known online retailer.. all products carry a 60 day no-quibble refund if you don't like the product for any reason which means that you essentially have a free 2 month trial. It costs $79 USD discount from $199 through this link : Click here
To visit DDFX Click Here
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