Saturday, April 28, 2012

Week 7

EUR/USD 15 minute (flat £10 per pip)

Note I work with additional filters:

Both MAs below trendline for a sell, or above for a buy

Some degree of separation between the MAs

Don’t trade off a large bar (think this is in the manual anyway) of around 20+ pips long

Don’t trade off a large move in either direction as you should never trade the end of move

This seems to result in 1 trade per day. At the end of the trial I will summarise my entry times.

An interesting week; several big moves that I could not get on as the indicators used by this system lag a little. However frustrating missing big moves is (and it is), remember that the rules are designed to protect the bank, so there are losing trades you don’t get in to.

Week 7: -26 pips for -£ 260
Overall:  198 pips for £ 1980

4 hour trades are reported once per month. I am in an open trade from the 20^th so will report on April next week.

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Filed under Forex,Spread Betting by Arthur