Fri 18 Apr 2008
Forex / Futures Systems Results as of April 18, 2008
Posted by Ed Mamula under Forex Trading ResultsWins/Losses :Â 7/4
Total Return Month to Date: 4.2%
Well, the results are looking pretty good so far this month. I should mention that I had an internet connectivity problem that caused me to miss a big positive trade in the British pound and a positive trade in the Euro. If I had caught those properly, I believe I’d be up something closer to 9% for the month. The Euro Ranger system has been a breakeven proposition for me so far this month. Four small wins, two big losses, one small loss, one missed win. That seems about normal. If I had caught the missing win, the system would be 6 for 8 and be showing a profit in the neighborhood of 1.5% This system really shines when Cable Glider is doing poorly…so in a sense, it’s good that it’s plodding along near the breakeven mark.
Cable Glider is showing 3 wins, 1 loss, and one big missed win. Volatility in both Euro and British pound are still quite high, so I can by no means declare a return to normality, BUT for the record, if I had been trading this system by itself at 1% risk per trade all along, I’d be at a new equity peak right now. Of course, in the long run, this is just the kind of risk that I actually want to be taking per trade…that is, if I had a diversified set of systems running simultaneously.
Speaking of which, I’ve been seeing some promising results on a Japanese Yen system that I’m developing. The system’s main entry/exit signals come from changes in the linear regression slope of the typical price (high+low+close)/3. I sure do hope that I can roll this system out in the future, because it will mean that I’ll be trading three different instruments with 3 different strategies….breakout in the Pound, mean reversion overshoot in the Euro, and something resembling band trading in the Yen…exciting stuff.
 One more thing…I don’t want to jinx it, and I can hardly believe it too, but right now I’m really loving my day job too.Â
