There were 22 trading days in April, with 6 up days, 7 down days, 2 no-action days and 7 non-tradable days. The biggest winning days were on 3, 28 April (+160 pips, +95 pips) and the biggest negative days were on 11, 14 and 23 April (-70 pips).
Fact 2: A rough month with out-of-sync market movementsIn my book, there was little correlation between the majors pairs in this month. Euro made new highs while Sterling weakened. Loonie went nowhere while Yen was choppy. We have avoided trading on the neutral days with split market sentiment values, i.e. 48-52% (see figure above, date with grey box) and also decided not to use trade setups with 44-56 and 56-44 (date with yellow box) . Hence, our first system optimisation. .
Fact 3: Up three consecutive months since inception
The day trading strategy allows us tackle the forex market in a systematic way day in day out. So far, we are able to gain a winning edge using this strategy in every month. The average monthly gain based on the three month results is 288 pips. We were already up +175 pips on the first trading day of May. We shall see whether we could improve on this number in the coming months.
Very recently, there was another new and exciting development with the introduction of 100-pip dynamic stops system. I will find a new way to quantify its performance.
Previous posts:
>> Feb' 08 Trading Report (+365 pips)
>> Mar' 08 Trading Report (+455 pips)
2 comments:
Interestingly using robot still plenty of losses that means it is still not so much advantage over manual trading execution.
Losing is always part of the game. It is important for the robot or in fact any other system to have a higher win rate and a better reward-to-risk ratio in the long run.
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