April 2007


My month to date results for April 2007:

 # closed winning trades : 3

# closed losing trades : 7

Net monthly profit (loss)% :  2.9%

Well, it’s certainly been a choppy month for the Cable Glider and it’s been exaggerated by my manual overrides…some had a positive effect, others had a negative effect.  These are trying times, with the cable oscillating around the $2 mark.  With one trading day to go this month, we’re holding on to a slim gain for April, and incidentally, we’re in the same spot on the equity curve as we were exactly 3 weeks ago.

My month to date results for April 2007:

 # closed winning trades : 2

# closed losing trades : 5 

Net monthly profit (loss)% :  8.0%

One of the Cable Glider’s major weaknesses was exposed this week.  Although the GBP/USD rallied smartly above the $2 level, the system had filters in place to keep it out of the market during those days.  When it was ready to re-enter positions, it got rather quickly and violently whipsawed by the Friday morning price action after the British Retail sales figures.  The system is still up for the month, but I can’t help but think how much better it could perform if I were able to remove or replace these entry filters.

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