Not to be confused with 4ex Pips

Week 6
EURUSD AM 61 Pips, PM -20 pips.
Total 41 pips for £59.87 off the £1,000 start bank and £410 of £10 per pip.

GBPUSD AM 10 Pips, PM -20 pips.
Total -10 pips for £-18.08 off the £1,000 start bank and £-100 of £10 per pip.

Overall:
EURUSD AM 79.5 Pips, PM 52.8 pips.
Total 132.3 pips for £201.80 off the £1,000 start bank and £1323 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.