Forex Auto trading - Expert Advisor showing promising results

i have been running this expert advisor or auto trading robot on my forex demo account over the past one month

so far, it is showing promising signs, you may review the performance in the following link (updated very 5 minutes)

http://www.mojostock.com/metatrader4stats-mojotrader.php

over the past one month, this account is up >30%, from starting capital of USD3000 to currently more than USD4000

you can see some of the latest performance in the attached chart but to review all the historical performance, you may click the link above.

rooney

Forex Trading Blog 1dec09 - up 0.3% for the day

it was a tougher day to trade as market was a bit choppy

by the time the mojo technical indicators flashed a sell signal around 1.6405 for gbpusd, the pair had already slided down quite a fair bit right before that. so i decided to short on smaller position at 1.6407.

10 minutes into the trade, the pair held up pretty well and eurusd started to rebound strongly (bear in mind eurusd has a positive correlation to gbpusd) so i decided to close my short position for gbpusd around 1.6399 and 1.6404 for a small profit of USD25.

thank god i did cos 10 minutes after i closed my short position, the gbpusd shot up like a rocket.

better have a small profit rather than a loss.

check point : up 0.3% for the 1st day of the month

November month performance was fantastic as the portfolio was up 48.58%, way above my target of 10% per month

Let’s see how the portfolio does in December.

rooney

Forex Trading Blog 30nov09 up 3.2% for the day up 48.6% for the month

Glad to start the week on the right footing

Mojo technical signals flashed a short signal for GBPUSD around 1.6540 level today so i entered short position at 1.6539 (slower by 1 pip which cost me USD10 bucks man hehe)

anyway, pleased with the outcome as the pair struggled for about 10minutes before sliding down rapidly…..i am usually not very patient when it comes to trading forex so i prefer to trade shorter time frame. so far, i am quite comfortable with the mojo combo signals using 5minute chart.

as i rode the downward momentum, i started taking partial profits along the way and closed all positions within an hour for USD232 profit.

check point for today : up 3.2% for the day, up 48.6% for the month

see attached file for trades entered today

cheers

rooney