Not to be confused with 4ex Pips

Week 8
EURUSD AM 45 Pips, PM 0 pips.
Total 45 pips for £85.24 off the £1,000 start bank and £450 of £10 per pip.

GBPUSD AM -20 Pips, PM 0 pips.
Total -20 pips for £-3.44 off the £1,000 start bank and £0 of £10 per pip.

Overall:
EURUSD AM 144.5 Pips, PM 42.8 pips.
Total 187.3 pips for £321.14 off the £1,000 start bank and £1973 of £10 per pip.

GBPUSD AM 20 Pips, PM 10.1 pips.
Total 30.1 pips for £85.23 off the £1,000 start bank and £601 of £10 per pip.
I am still struggling with the exit strategy and feel I am trying to be too mechanical. I will attempt to loosen up and see if I can improve my pip totals. I can see from other systems I run that GBPUSD is being a right old so-and-so at the moment so it doesn’t surprise me that it is difficult to secure a profit on this instrument.

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.