Sunday, June 15, 2008

Tallying Up the 100-pip System Winners

Scout-Forex Day Trading Service runs two separate systems.

The first system is the End-of-Session System which produces clear cut trade entry and exit. The system is fully 'automated' and it exploits the forex trends during the most active trading hours.

The second system is the new 100-pip System which is aimed a maximising the profits by sharpening up the trade entry and exit. It utilises an improved method for entering into the markets and at the same time lowering the trading risk with dynamic stops.

I publish my day trading report for the End-of-Session system every month. I also review my trades everyday on my Day Trading Blog. Right now, I am setting up a trading results page for my 100-pip signals. The results page will be updated here every week. All signals are issued live to my Service Subscriber and their performance are tracked in real time on the member site.

All I need to do now is just tallying up the total number of trades and their potential winning pips for each week. The following table will weight up the final results for the 100-pip exit strategy as well as at different lower mid-point exits.


Jun 08
No. Trades
TP=40
TP=60
TP=80TP=100
100-pip Hits
06/02 - 06/06
10
+228
+268
+388
+508
6
06/09 - 06/13
5
+200
+120
+160
+100
1
06/16 - 06/20
12
+68
+28
-52
-12
2
06/23 - 06/30
8
+29
+129
+149
+229
4
Total
35
+525
+545
+645
+825
13

* TP = take profit level

Related post:
How to Make 100 pips in One Single Forex Trade

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