Ed Mamula.com

My month to date results for March 2007:

 # closed winning trades : 2

# closed losing trades : 0

 Net monthly profit (loss)% :  43.4%

Current drawdown : 0% (at new equity peak)

 With the help of equity curve timing and one favorable manual override, the Cable Glider has reached a new equity peak as of 10 AM EST.  Without the timing and front-running, the system itself is still in a 7% drawdown.  Needless to say, I am very pleased with how quickly the system recovered, given the relatively steep and sharp drawdown it experienced just two weeks ago. 

When Jack Schwager asked Ed Seykota in “Market Wizards” what his trading rules to live by were, he listed:

 a) Cut losses

b) Ride winners

c) Keep bets small

d) Follow the rules without question

e) Know when to break the rules

Part of my motivation for starting this website was the idea that if the system’s results were made public, I’d be more likely to let the system run without manual overrides.  For the most part, this has been true.  Tonight, I overrode, or rather front ran, a signal on the Cable Glider. 

  (The 2nd cliff the GBP/USD has fallen off of in the last 2 days)

The net result? 

31 extra pips or $2480 profit by front-running the signal.  I *am* less inclined to break the rules today than I was a few months ago, and most times when I break the rules I actually come out ahead. 

In fact, this may be the only time where I can successfully break the rules.  The GBP/USD started a sharp down movement last Thursday night, and I closed the position so that I would not hold over the weekend.  When the market opened tonight, the continuation of the down move happened before 6:30 PM EST, which is usually the earliest that I’ll take a signal.  I’ve yet to figure out how to modify the Cable Glider to accept such “continuation trades”.  Until I do, I guess I’ll be here on Sunday nights to watch the market manually until I can code this as a rule.