Summer, Summer, Summer and it isn’t even August yet! Very frustrating time of year for traders and the most difficult to trade. As you know we reduce our trade sizes through the US/UK Summer period in order to protect the gains made earlier in the year. We mostly still make profits but nowhere near as many as at other times of the year.
Strategies 1-4 had a reasonable week banking 44 pips, but a big Profx5 trade got whipsawed for a total loss for Profx5 of 100 pips. This resulted in a total net loss of 56 pips for our automated strategies last week.
For those of you who trade our weekend gap strategy – this again was in profit. However, there was only one viable trade setups this last Sunday (26th July). The USDJPY pair quickly reached it’s full profit target for a 13 pip gain. Not a huge result but it continues the winning run and this free to download, manual strategy is now up 2047 pips in 2015.
The figures and graph below show the results of our automated trading for the year up to the end of May 2015 . We are currently up 41.5% year to date which equates to a profit of £6,219.80 on an account of £15,000. The below figures are taken directly from one of our clients accounts (GKFX) who started with £15,000 in January and now has £21,219.80 with a further £378.20 in open trades. Not bad for a totally automated process with no ongoing input required:
2014 has now come to a close. What a challenging year it proved to be. Our newest Expert Advisor – PROF X5 had a poor year losing 1639 pips. However, we still have enormous faith in this EA and high hopes for a stella 2015. The market conditions (whipsaw volatility) are the worst for most EA’s and Prof X5 was no different. 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 5482 pips, an increase of 21% on 2013. See below for the individual EA results. If you have traded before you will understand how incredible and potentially life changing these results are.
Individual trading strategy results for 2014 were as follows:
PROF X5 -1639
Strategy 1 1852
Strategy 2 414
Strategy 3 2948
Strategy 4 1348
Free Strategy 559 (manually traded)