January continues to excel and is possibly heading for our record start to a trading year. A third great week to get the year off to a flying start. All trading strategies were once again in profit last week with Prof X5 banking a modest 67 pips and Strategies 1-4 up over 200 pips for the 3rd week running. This gave us a net gain of 328 pips for our automated trading strategies in the third full week of the year.
For those of you who trade our weekend gap strategy – all I can say is WOW!, WOW!, WOW! – we had a record 8 viable trade setups this week (25th January). ALL 8 trades (AUDUSD, EURCHF, EURGBP, USDCAD, EURJPY, EURUSD, USDCHF & USDJPY) reached their respective full profit target for a fantastic combined total of 228 pips. EURCHF, EURJPY and EURUSD gapped more than 30 pips so our trade management rules came into play, where we took off half of each position when halfway to its respective full profit target and moved the stop to break even. This free to download, manual strategy ended 2014 up 559 pips, a drop from previous years, but still a nice return for the amount of time required to trade this manual strategy and is already up 311 pips in 2015.
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 2013 were as follows:
PROF X5 -1639
Strategy 1 1852
Strategy 2 414
Strategy 3 2948
Strategy 4 1348
Free Strategy 559 (manually traded)