Tuesday, April 8, 2008

Day Trading Service @ ScoutForex dot Com: 8-Week Performance Review

(Originally posted on my daytrading blog)

A brief recap: Here are the live day trading results since the launch back in February. So far, I have great feeling and confidence about this day trading approach with the forex killer software.

Week 1: +105 pips
Week 2: +25 pips
Week 3: +235 pips
Week 4: +210 pips
Week 5: +225 pips
Week 6: -10 pips
Week 7: -60 pips
Week 8: +220 pips

The system only endured its first losses in week 6 and 7. During that period, the forex market was greatly affected by the collapse of Bearn Stearns and massive carry-trade liquidation in mid March. We easily steered clear of further price volatility traps.

Week 4 and week 8 are non-farm payrolls (NFP) week. During these weeks, the system performed particularly well (i.e. in exploiting the trends) by giving us good trading opportunities with gains over 200+ pips.

During these eight weeks, we scored a total of +950 pips from all live trade setups on member site. I appreciate your kind and positive comments which help to keep me motivated all this long.

No comments: