Results.
For those who are interested and to provide complete transparency, please find here my monthly detailed report showing all my trades and results.
In short, I made 14 trades for a gain of 351 pips or 47.87 $ which is equivalent to 47% of the initial balance. I know that the gain was huge in percentage points but this was because I started small and profited from a rising of 3% in the pair during the month of October.
At the time of writing, I have an open position at 83.40 and waiting for the stochastics on the daily chart to leave the oversold level before starting a new campaign. Do you remember when I told that care must be taken when applying this grid system ? Here you see it in full effect.
Status.
After my first month of trading my system, I can say that I’m not disappointed but rather more confident that I was on the first day.
I’m now more aware of the risks that this strategy carries and I’m prepared for that risks.
All calculations done, I’m prepared to take positions all the way down for a draw-down of -12% from peak and certainly more, since I don’t take positions while stochastics are overbought. From there, I can still go to -25% from peak but with no more positions and adding 2k to balance and from there, I could go even to -48% from peak by adding 3k more to my account.
I’m learning what the word Patience means, since the recent top of 83.40 it’s now 6 days I have not traded. This is why I started to think on how to play the draw-downs with the same strategy or with some derivations on it to play it in reverse mode. I have some ideas but need some time to maturate them before disclosing to public. If you have some thoughts on that, you are welcome in the discussion.
Let’s start the second month of life of this system and see the results.
BT
For those who are interested and to provide complete transparency, please find here my monthly detailed report showing all my trades and results.
In short, I made 14 trades for a gain of 351 pips or 47.87 $ which is equivalent to 47% of the initial balance. I know that the gain was huge in percentage points but this was because I started small and profited from a rising of 3% in the pair during the month of October.
At the time of writing, I have an open position at 83.40 and waiting for the stochastics on the daily chart to leave the oversold level before starting a new campaign. Do you remember when I told that care must be taken when applying this grid system ? Here you see it in full effect.
Status.
After my first month of trading my system, I can say that I’m not disappointed but rather more confident that I was on the first day.
I’m now more aware of the risks that this strategy carries and I’m prepared for that risks.
All calculations done, I’m prepared to take positions all the way down for a draw-down of -12% from peak and certainly more, since I don’t take positions while stochastics are overbought. From there, I can still go to -25% from peak but with no more positions and adding 2k to balance and from there, I could go even to -48% from peak by adding 3k more to my account.
I’m learning what the word Patience means, since the recent top of 83.40 it’s now 6 days I have not traded. This is why I started to think on how to play the draw-downs with the same strategy or with some derivations on it to play it in reverse mode. I have some ideas but need some time to maturate them before disclosing to public. If you have some thoughts on that, you are welcome in the discussion.
Let’s start the second month of life of this system and see the results.
BT
Simplicity is the Ultimate Sophistication.