ATC : Caught In An Endless Loop

My robot show some good results but due to a programming error. It was in an endless loop now.

By right my robot should enter 3 trade with 1.64 lots for each trade. Now it only enter 1 trade. By right my ranking should be around 22!

Automated Trading Championship 2012 - Day 1

My name on the last row in page 1

Hope that it can perform well till the end

My Second Product In MQL5.com

I've released my second product on MQL5.com again.

I call this indicator Tails.

Tails is an indicator that predicts where the price will rebound and reach in a day candle.

This is to be used in time frame below D1.

By default, the indicator will plot 2 Support and Resistance lines. If needed, you can set the Extended_Levels to true to show 3 Support and Resistance lines.

Visit this link http://mql5.com/9jt to see pictures

Round Numbers 00 Levels

I was reading on the round number support and resistance levels. When price reaches the 00 levels, it either break of reverse.

How does it compare to my DSR5 then?

Let the picture do the talking.

My First Product In MQL5.com

I just released my first product in MQL5.com, Average Hourly Range.

Basically it is a script that will return the average hourly range of the currency pair that you run the script on.

With this piece of statistics, you can:

• clearly identify the volatile and low volatile period
• greatly enhance your trading system TP and SL levels

How does this compare to ATR

• ATR calculates its values based on the previous bars and it lags.
• AHR calculates its values based on the history hours.

Visit this link http://mql5.com/9ga to see pictures

Weekend Daily SR Levels

Miss the buy entry by a few pips at level 79.588

Here goes the chart

This Blog Is Not Dead!

As the title mention.

In order to participate in ATC 2012, I've been focusing learning to code in MQL5 and finally wrote my participating EA.

Check out my result for the submission.


The verification of your Expert Advisor is complete. Expert Advisor checking report:
2012.09.04 19:17

1. Copy
experts\template.ex5 ok

2. Compile

3. Configuration
template on EURUSD:M5 every tick 2012.01.01-2012.08.01


4. Start
finished in 1 min 33 sec


5. Statistics
330 kb of log files
114 trades, 276 deals, profit 191207.96 USD

No errors!

Technical Support
Automated Trading Championship 2012

Wish me good luck!

Next Week Important Levels

Some levels to look out for.


84.25 - I have set a pending order to go long here.


83.65 - Will enter long with more lots on this level.

Possible Trend Change

It breaks my last resistance trend line. Let's see if the resistance turn support trend line can hold the price. If it can hold the price well, then we will be expecting a trend change.


By the way, I did not post my trade call yesterday. I entered at 82.899 and exited at 83.445. Refer to the chart why I entered and exited at those price.

Exploring Carry Trade AUDJPY

Exploring carry trade of AUDJPY how the interest can made the trade a break even with the worst entry.

Let's assume the following.

Entry price = 84.00

Lowest price = 55.11

84.00 - 55.11 = 2889 pips to reach 10 years lowest. We hope that it will not reach the low of 55.11

So we need how much money to hold this trade to avoid margin call? Depending on your trade size. Let's take 1 pip = $1.00, so we need at least $2889.

How long can the interest make $2889?

I did some code in mql4 to find out. By the way, I'm using oanda so my deposit gets interest too.

   int Break_Even;

   double Interest, Units;

   double Int_Trade, Int_Deposit;

   double Entry_Price, Lowest_Price;

   Int_Trade = 3.3;

   Int_Deposit = 3.85;

   Entry_Price = 84.00;

   Lowest_Price = 55.11;

   Units = Entry_Price * 100;

   while(Interest < (Entry_Price - Lowest_Price) * 100)

   {

      Interest += Interest * Int_Deposit / 100 / 365;

      Interest += Units * Int_Trade / 100 / 365;

      Break_Even++;

   }

   Print(Break_Even + " Days");

We need 3199 days to make $2889! It is around 8 years plus.

Breaking Resistance

As stated in my previous post, the price bounce off at 82.50 and breaking resistance levels.

If it continues to break the highest resistance level, we should be expecting a change in trend.

Long At Support Trend Line

Two important support levels at 83.686 and 82.314 on the daily chart.

I took long yesterday at 83.788 and exited at 84.457


Price retrace back to the support levels. Hit long again at 83.90 as I see downside is limited today.

Tricky Day

A pin bar formation on the daily chart hints bullish trend.

On hourly chart, seems bearish. Today gap up a lot, making the strength indicator not accurate.

So my guess today is to long. Enter at 86.25.

1st TP at 86.90

2nd TP at 87.35

Continue To Short

Strong down trend. Sell when reversal candle appears. Better if it appears above 85.752. TP @ 85.25.

Strong Down Trend

Strong down trend. Let it retrace above 86.70 before going for a sell. TP @ 86.10

Making A Better Strength Indicator

After weeks of research. Here I present my new findings for my new strength indicator.


Basically my strength indicator relies on Moving Average to tell me the direction where it is moving.


Now I breakdown the Moving Average to more conditions.


1. Up and Accelerating
2. Up but Decelerating
3. Down but Decelerating
4. Down and Accelerating
5. Reversal


With these conditions in mind, I assign points to each conditions.


Today's chart. My new strength indicator shows 53.75. I see a buy entry at 86.00. Take profit at 87.10.

Should We Buy?

The price has been hovering over the SR levels for the past few days.

Strength is strong. Best bet is to buy on retracement for today.

Levels to watch 83.50

TP at 84.60

Continue To Long?

RBA decides to remain unchange boost up AUD. Earlier price retrace to SR level (making the lower shadow to today's candle?) and rebound.  Today trend seems strong.

Enter Long at 83.00

TP at 83.50

RBA Keeps Current Interest Rates

RBA keeps interest unchange. The news impact made today's distance covered.

I see exhaustion at 82.70

I try to enter Long at retracement level 82.35

Follow Trend?

As per my previous post. The price is at SR levels on daily chart.

Today's outlook, early today price seems to form the lower shadow of the day candle. Trend is strong.

Enter Long.
Risk : Reward of 1:2

TP @ 83.00
SL @ 81.70

Many Tops

Looking at the daily chart, it seems that the AUDJPY had reached its strong SR levels again.

Will it break the SR level or reverse? Next week will have some news that will impact AUD. Look out for it.

Going Long

Strong trend. Going Long.

TP at 82.20

SL at 81.30

Testing my new strength indicator. Remember to move your stop when you are halfway to your profit. My painful lesson from yesterday.

Shorted Again

Strong down trend. TP at 80.40. Today got quite a number of news, be careful to trade today.

Reflected on yesterday bad trade made me understand more on my strength indicator.

This is what I have concluded.

Strength between

45 - 55

Case 1 : Ranging Trend (Price should be horizontal)

Case 2 : Trend making a reversal (Price moving in a different direction)

56 - 70

30 - 44

Case 1 : Price making a retracement

Case 2 : Gaining strength

> 70

< 30

Case 1 : Strong trend

Neutral Trend?

Neutral trend? I went for a sell.

TP @ 80.30

SL @ 81.55

* A risky one.

Continue To Short

Strong down trend. Continue to short. Though missed a good entry.

TP @ 80.95

Intraday Trading Theory : Counter Trend

Earlier today I posted a sell signal. I did not trade the sell signal (a winning trade), in fact I actually went for a buy.

I tested my Counter Trend method. Still remember that almost every candle got 2 shadows?

If the price retrace upwards, it will form the shadow below the body. So with this in mind, when the price reaches the expected distance to cover line, I went for a buy for a 20 pips gain.

* On a side note, I refer to other currency pair to determine the strength. I'm still experimenting this method.

Start Of A Reversal Or Retracement?

Pin bar form at daily chart SR levels hinting a reversal.



Weak down trend. Kind of risky to enter now. Wait for price to retrace above 82.10 and sell.

TP @ 81.75

* This might be a risky trade. Be careful. I will not trade today.

Continue To Long

Strong trend. I continue to Long.

TP @ 82.90

To Trade Or Not To?

Strong Trend. Be careful to trade these few days as there are lots of news.

Anyway, missed a good entry point. Enter when the price retrace.

TP @ 82.00

Continue To Ride?

Price is at SR levels on the daily chart. Trend is medium strong.

Enter at 80.85

TP at 81.55

* This might be a risky trade.

Riding On The Bull

Woke up late and miss a good entry. The entry should be around 80.50 area if you have read my strategy you should have know it.

TP @ 81.10

AUD Is Weak But JPY is Weaker

Referencing to other pairs. AUD is weak but JPY seems to be weaker.

By following our strategy, Long near 80.16

TP at 80.80

Considation. Waiting For A Breakout!

Waiting for a breakout. Price has been consolidating these few days. Strategy for trade signal : Breakout.

Price close above 79.743, LONG.

Price close below 78.595, SHORT.

Another Pin Bar Formation

Another pin bar at the top. Looks like it is going down. Hope all visitors profit from my previous trade call.

Pin Bar Formation

Pin bar formation. Price closing above trend line. As per previous call, continue to long.

Let's go for a "Long" Journey

Price closing above the trend line.

Referring to my previous post. I guess we all are packed for the "Long" journey.

Fibonacci VS DSR 4

Comparing Fibonacci Levels with DSR 4 SR Levels. As you can see, I have 2 SR levels so close to the Fibo levels.

I'm waiting for a "Long" journey. 3 entry points.

1st entry at 78.909

2nd entry at 78.648

3rd entry at 78.214