managedfx performance using MTP

[amtum]

For anyone who's interested, here are the results for the last 9 months, trading managed forex accounts using the Mtpredictor software. Except from the Mtpredictor software I also use some discretion.

The numbers I present are taken from the broker statements, not corrected for performance fees.

I only trade the major currency pairs, using intermediate term timeframes.

As you can see, the numbers you can get using Mtpredictor are very good, especially compared to the risk one takes. The strategy I run uses a max leverage of 3x account value per position; not more then 4 positions at the time; a max R of 1%.

My Clients are all very pleased with 45% winning trades (currently) and a max draw down of <3% this year.

Good trading to you all,

PB

[mattijschris]

Very nice.

What time frame do you trade?

Mattijs Christiaanse

[amtum]

Hi Mattijs,

Trading forex you should trade time frames of at least 60 min, preferably even larger. When trading daily bars one should not expect to many set-ups. My personal experience tells me that it's more important to focus on good risk/money management then on time frames only. With good management you should be able to trade any reasonable (not to choppy ...) liquid market.

[mattijschris]

Do you think it makes sense to only trade daily bars? As I have no time to trade any shorter timeframe. Or are the setups on daily timeframe so rare that it is not worthwhile the effort?

[amtum]

Yes, sure it makes sense. You'll need to build a larger portfolio and not just trade a small number of currency pairs like I do.