The Trade Machine will be publishing regular results of the new CowabungaEA-by-TheTradeMachine. If you have not read the first post, please check it out here:
Cowabunga Expert Advisor by The Trade Machine
You can download the Cowabunga expert advisor for free and see real time live results of this automated system by following the above link.
Todays Results
Main 4 Hour Trend
The main trend was down since 11/01/2009, so the expert advisor looked for short trades.
15 Minute Chart Trades
07:00 – 07:15 GMT Bar - The 5 period EMA crossed below the 10 period EMA, RSI was less than 50, Stochastic was headed down and not in oversold territory, and MACD histogram went from positive to negative.
A short position on the GBPUSD was entered at 07:15 GMT time at 1.63995, stop loss at 1.64495, take profit at 1.63500. Take Profit was reached at 09:16 GMT.
17:45 – 18:00 GMT Bar - The 5 period EMA crossed below the 10 period EMA, RSI was less than 50, Stochastic was headed down and not in oversold territory, and MACD histogram went from positive to negative.
A short position on the GBPUSD was entered at 18:00 GMT time at 1.63627, stop loss at 1.64127, take profit at 1.63500. Take Profit was reached at 19:09 GMT.