March 31, 2012

ForEx Trend Rider

Parish Announcement: I am taking a couple of weeks off from trading over Easter. Recording of trades will resume on Monday 16th April.

Week 5

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 (new)

 

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

 

Date Time Direction Stop Pips  P/L
26-Mar 11:45 Sell 30 -30 -£       300.00
28-Mar 11:00 Buy 17 -17 -£       170.00
29-Mar 13:45 Sell 20 18  £       180.00
29-Mar 15:00 Sell 12 10  £       100.00
30-Mar 12:30 Sell 14 -14 -£       140.00

 

Week 5: -33 pips for -£ 330
Overall:  203 pips for £ 2030

 

EUR/USD 4 hour (risking 3% of bank per trade)

 

Date Time Direction Stop Pips Lotsize  P/L
05-Mar 16:00 Sell 46 46  £      6.91  £       317.98
07-Mar 08:00 Sell 47 -47  £      6.97 -£       327.52
16-Mar 04:00 Buy 67 65  £      4.74  £       308.21
19-Mar 08:00 Buy 89 87  £      3.67  £       319.60
20-Mar 12:00 Buy 73 -73  £      4.61 -£       336.53

March: 78 pips for £ 282
Overall (5 weeks):  165 pips for £ 881
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

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