Testing 5m Force Strategy, Day 4

Today, I was busy with my personal task. But I had plan to continue trading with 5m Force strategy whenever I get time. The first opportunity I got was a good one. But collected couple of pips only.

Here price was bouncing back from lower TL. Stoch and MACD nicely confirming the signal. A good long trade. But after entry, price was moving sideways. I was afraid of losing pips. So I got out early with 2 pips on board. But later price moved more than 30 pips. The movement was sudden with no significant news release. If I could stick to the plan, I could have got my collection of pips for the day.

Then another bullish bounce was forming. Immediately took the long entry. See what happened here:

Price moved sideways. This time I waited and at last I got out with 8 pips. So experience paid me at last.

Next, I got into a trade which was not there actually. This was a bad trade. I entered this trade in another demo account. Because I wanted to keep my demo account for this trade flawless. Later I realized I should not enter such experimental trade other than the strategy itself. Because I'm new to forex. So I should now follow the footstep of the experts. Let's see the trade below.

The rounded marked candle was my signaling candle. When the price was at the high level of the that candle, MAs were about to cross, stochs were about to cross but MACD was not favoring.... I thought I'll get the signal on next candle. Why don't I enter the trade early.... It was not only bad but also suicidal. But fortunately price stopped on the lower TL where my S/L was below the lower TL. I was survived and after moving sideways for about half an hour, price suddenly started to move towards north and I got fortunate 14 pips there by T/P set up. It moved way beyond that level.

After that bad trade, upper TL moved above a little. And then a bearish bounce started to appear at the upper TL. I was ready for this short trade and I was waiting for the signal candle to close and all the crosses to be completed. See the set up below:

The expected candle will come over the vertical line on right. Let's see what happens next.

Set up was fine but price movement weren't supportive. Even then I pulled out 3 pips here.

A good sell opportunity again. A bearish bounce from the upper TL. But again only 3 pips as price started to move sideways.

 I'll now call the day off. See you next week. Hope to learn from my mistakes. Thanks for staying with me.


Total pips collected today: 2 + 8 + 14 + 3 + 3 = 30
Potential pip gain could be: 30 + 9 + 35 + 4 + 3 = 81

This weeks collection: 39 + 19 + 30 = 88 (in last 3 days with this system). There were 7 pips loss. But this loss was due to unplanned trade without following this system. I'm just showing the collection op pips with this system in my available time.