Not to be confused with 4ex Pips

Week 5
EURUSD AM -17.2 Pips, PM 13.3 pips.
Total -3.9 pips for £-7.73 off the £1,000 start bank and £-39 of £10 per pip.

GBPUSD AM 30 Pips, PM -15 pips.
Total 15 pips for £39.76 off the £1,000 start bank and £250 of £10 per pip.

Overall:
EURUSD AM 18.5 Pips, PM 72.8 pips.
Total 91.3 pips for £141.94 off the £1,000 start bank and £913 of £10 per pip.

GBPUSD AM 30 Pips, PM 30.1 pips.
Total 60.1 pips for £106.75 off the £1,000 start bank and £701 of £10 per pip.

 
Please note that I am only aiming for 10 pips per session. Often more pips would be available but I stop once 10 pips have been reached. This will mean there are differences between the official results and mine. I cannot compare results directly as I am unsure what the author’s exit strategy is.

If the first signal in the session is a loss I will look for one more signal that session, in other words I will take a maximum of 2 signals per session. I will only have one trade open per Instrument too, so if another signal comes along and I have an open trade I ignore it.

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.