Fri 20 Apr 2007
Cable Glider Forex System Results as of April 20th, 2007
Posted by Ed Mamula under NarrativesMy 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.
