Not to be confused with 4ex Pips

Week 7
EURUSD AM 20 Pips, PM -10 pips.
Total 10 pips for £34.10 off the £1,000 start bank and £200 of £10 per pip.

GBPUSD AM 0 Pips, PM 0 pips.
Total 0 pips for £0.00 off the £1,000 start bank and £0 of £10 per pip.

Overall:
EURUSD AM 99.5 Pips, PM 42.8 pips.
Total 142.3 pips for £235.90 off the £1,000 start bank and £1523 of £10 per pip.

GBPUSD AM 40 Pips, PM 10.1 pips.
Total 50.1 pips for £88.67 off the £1,000 start bank and £601 of £10 per pip.
As advised Monday 11/3, I am going to change my stop loss strategy and allow trades to fully stop out rather than using an indicator to attempt to limit losses. I am also going to using a jumping stop, moving the stops every 10 pips of profit to try and catch some of the bigger moves.

I am monitoring Indices and Oil but I won’t report results on them until I am sure that some minor adjustments to the rules are not required. I feel Oil in particular will need a wider stop and slight adjustment to the entry rules because of the wide spread and volatile nature.

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.

Please also note that for ease of reporting I am using GKFX however this does give different signals to, say, IG Index.