Not to be confused with 4ex Pips
Quiet week, but it has been across the board of all the Forex services I am monitoring. NFP This afternoon, so I’ll stop for this week here.
EURUSD AM -11 Pips, PM 10 pips.
Total -1 pips for £-2.22 off the £1,000 start bank and £-10 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.
EURUSD AM 133.5 Pips, PM 52.8 pips.
Total 186.3 pips for £318.93 off the £1,000 start bank and £1963 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 am monitoring Indices but have now dumped 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.