January 11, 2011

Trading Elite Club

Day 1 – Monday 10 January

I had to nip out to two Doctor’s appointments; these coincided with most of the day’s positive movements! So my experience yesterday was a losing day.

The service stopped at 16:15 for the day.

Time Bands Scalping 10 pips with a 15 pip stop-loss Scalping 15 pips with a 20 pip stop-loss Signal-to-Signal with a 40 pip stop-loss
6:00 to 9:00 -16.70 -34.80 -34.80
9:00 to 12:00 -13.50 - 3.50 + 4.60
12:00 to 14:00 +10.00 +15.00 + 3.70
14:00 to close -20.00 -25.00 -13.60
Totals -40.20 -48.30 -40.10

It’s a little difficult to match my results with Paul’s but signal-to-signal it appears I missed around 80 pips of profit, which would make one hell of a difference to the figures. The scalps would probably remain in negative territory but reduced by around 20 pips. There were also so teething troubles with the MetaTrader script I have developed to close existing TEC trades and open new ones which account for some of the loses too.

There were some technical difficulties in the morning to do with the beeps and boings that can be used to manage the trades. However, the average variance between Paul’s published signals and the entries I took on SmartLive Markets MetaTrader was 0.7 pips.

Filed under Forex,Spread Betting,Trading by Arthur

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