All our automated strategies had poor results this last week with Profx5 giving back 435 pips and Strategies 1-4 being 204 pips down. The large whip-saw price movements caused by extreme recent volatility is largely the cause. Now that volatility has settled down we should see more normal results and a return to profits.
For those of you who trade our Sunday Gap strategy (free to download), this Sunday (19th October) offered two viable trade opportunities (USDJPY and EURJPY). Both trades reached their respective full profit targets for 21 pips each. Our Free to download strategy is now 612 pips in profit for the year to date and we haven’t had a single losing Sunday since January this year.
2013 has come to a close. What an exciting year it was with the introduction of a new Expert Advisor – PROF X5. The last couple of months were a real challenge with a couple of strategies taking large draw downs. However, this is the benefit of trading multiple strategies – when one or two are not performing well – others compensate. The net total result for the year was 4321 pips. Not a stellar year but still pretty good and proof once again that our strategies stand up to all trading conditions.
Individual trading strategy results for 2013 were as follows:
PROF X5 1634
Strategy 1 -312
Strategy 2 356
Strategy 3 3091
Strategy 4 745
Free Strategy 1460 (manually traded)