This week’s results:
Cable Glider — 0 win , 0 losses
Euro Ranger — 3 wins, 1 losses
This week, the account had a net gain.
This month, the Cable Glider is showing a net gain.
This month, the Euro Ranger is showing a net gain.
This month, Euro Ranger has been more profitable.
Well, I don’t have a chart to post this week. I’m having data problems that are preventing me from getting an accurate looking chart. At any rate, the Cable Glider was completely shut out because of its volatility filter. The Euro Ranger had 3 wins and 1 loss. I’ll be on the sidelines for the last two days of September. This has been the most profitable month for me so far this year. Hopefully I’ll get this data issue resolved and post the complete monthly results in a couple of days.
This week’s results:
Cable Glider — 0 win , 0 losses
Euro Ranger — 2 wins, 0 losses
This week, the account had a net gain.
This month, the Cable Glider is showing a net gain.
This month, the Euro Ranger is showing a net gain.
This month, Euro Ranger has been more profitable.
Wow, what a week. News that Lehman Brothers would file for bankruptcy on Monday caused a large upside gap in the Euro which was filled (and then some!) for the second week in a row. Later in the week, we got the news that the US government would provide an 85 billion USD bridge loan to AIG in order to prevent a gigantic bankruptcy. Next, we got news that the US government intends to form an entity similar to the Resolution Trust Corporation to buy impaired mortgage debt, and finally, both the US and UK have temporarily banned all short selling of financial stocks. Meanwhile, bad Lehman debt caused some money market mutual funds (MMMFs) to “break the buck”…the US government responded by announcing that it will temporarily insure MMMFs with money from the Exchange Stabilization Fund! All of these events occured only one week after the US government took over Fannie Mae and Freddy Mac. All of these are incredibly weighty financial events, and they seem to be occurring at warp speed.
Now then, in the midst of all of this, how did my little ol’ FX trading systems do? Well, the Cable Glider has a volatility filter that kept it out of the market all week. The Euro Ranger had two wins, one each on the long side and the short side, with no losses. For the first time this month, I don’t have any errors or manual overrides to report, though I did have to fight off a strong urge to shut the Euro Ranger down on Friday morning.
I also did a little bit of work on a new results chart that’s intended to show my actual results compared to my system’s ideal walk forward results. This should serve as another powerful indicator of whether or not my discretion helps or hurts my trading systems’ performance. In just four weeks time, there’s already a noticeable gap between the two. The walk forward results are up 7.3%, while my actual results are a mere 1.8% Most of this difference is due to a coding error in the Euro Ranger that was discovered last week, but even so, if I had been more diligent, I could have avoided the error.