Monthly Archives: February 2012


101s Of Trading With Our Strategies 5

Ciao a Tutti,

we have introduced a new section in this website, it is called “101 and you can find it on the horizontal menu bar above.

The aim of this section is to organize the posts related to specific topics, like “Trading with PotenzaFX” or “Trading with DuettoFX“.

The collections will be updated when we add new relevant posts.

I hope you will find these pages useful for refining your trading knowledge šŸ˜‰


DuettoFX Hits Again: +482 Pips After 3 Trades 10

Ciao a Tutti,

this post is a follow-up of “Risk Averse Approach to DuettoFX Trading“, where I explained that some pairs – EURUSD (in the duetto vs USDCHF), AUDUSD (in the duetto vsĀ USDCAD) and USDCAD (in the duetto vsĀ AUDUSD) – can be traded quite effectively with dynamic SL and TP levels based on recent price action. More precisely I used H1 charts and DuettoFX with the default period (120) and I looked at price action over the previous 60 bars. Then I measured the distance from the entry price to the highest high (in case of a short trade) or the lowest low (in case of a long trade). SL and TP are placed exactly at such distance from the entry price, so the risk:reward ratio is 1:1.

This approach was derived from my empirical observation of EURUSD trades over the last few months. Last Friday (Feb 24th) I closed the third trade in a row on EURUSD (the pair I mostly trade) using this technique with a substantial profit (+248 pips). Here is a picture of the last three trades (click on the image for zooming in):

The first two trades were closed with gains of +99 and +135 pips respectively. Using the “close and reverse basic strategy” the first two transactions would have closed with an overall loss.

I’ve included a more detailed picture of each trade (click on each picture for a better view):

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Trade #1 opened on the 6th of Feb 2012 and closed after 21 hours.
The blue dotted line is the standard exit using the “basic strategy”.
The second solid blue line is the actual exit of this Long trade with +99 pips gain.

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Trade #2 opened on the 14th of Feb 2012 and closed after 33 hours.
The red dotted line is the standard exit using the “basic strategy”.
The second solid red line is the actual exit of this Short trade with +135 pips gain.

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Trade #3 opened on the 20th of Feb 2012 and closed after 4 days and 15 hours.
This trade would be still open according to the “basic strategy”.
The second solid blue line is the actual exit of this Long trade with +248 pips gain.

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The overall profit was +482 pips which is not bad considering I only had to enter 3 trades with fixed SL and TP levels. The backtests have proven this strategy has been effective over (at least) the last 26 months. I hope this information can help you improve your trading with DuettoFX šŸ˜‰


For All “PotenzaFX DLS Trader EA” Users 4

Ciao a Tutti,

if you are using the “PotenzaFX DLS Trader EA” you may have experienced some technical glitches in the last 24 hours, due to the latest Guardian update. Unfortunately we were not able to identify this problem before the update. As a matter of fact, only a limited number of users have reported issues in the last 24 hours.

If you are experiencing problems like a blue background of your DLS Trader EA, then you should overwrite your PotenzaFX indicators with the ones that we have already put in your personal download area.

In order to download your updated indicators, you should visit a link like the following one:
http://pimpmyea.com/downloads/Guardian/#your-32-digit-guardian-license-code-here#/
As an example, if your licence code is 118F99ED2232D036DBBC3KKEC4C597CB then the link to visit would be:
http://pimpmyea.com/downloads/Guardian/118F99ED2232D036DBBC3KKEC4C597CB/
We are very sorry for any inconvenience this problem may have caused.
Andrea and Paolo

Forecast EURUSD – Poll for the 2nd Mar 2012 is Closed

Thanks to everyone who took part in our poll for forecasting the price of EURUSD at 22pm GMT of the 2nd of March 2012.


The POLL is now CLOSED


Here are the Poll Results:

The spread is -0.32 (34.21% Long Ā – 65.79% Short = 31.6% Short).

Therefore the “Social Forecast Trading System” will be

Short 0.32 lots on EURUSD for the coming week.


The system adds 0.20 short lots with respect to the previous position (which was Short 0.12 lots).

Thanks again to the 115 people who took part in the poll andĀ remember to vote again next weekend!