forex trading performance

[pbb]

Hi there,

Here are my results, trading forex intraday over a four month period of time.

Using only a risk of 1% each trade ( this would mean that trading forex cash, I will only need a leverage of 1:5 per trade on average, which is very low among forex traders), I have managed to get some great results.
I have traded only November and December after analysing/papertading September and October.
I use a 100% fixed set of rules, NO SECOND GUESSING ALLOWED. In the last four moths the maximum number of consecutive losing trades was 5 in a row, this happened only 3 times.

Results based on a 1% risk, measured over the starting account size.


w/l ratio--- return in % starting account---average winning trade


september .56 --- 34% --- 3.7R

october .46 --- 16% --- 2.8R

november .44 --- 20% --- 2.7R

december .43 --- 18% --- 3.3R


An $50000 account, would be up +$44000 using a 1% risk.

The thing I like the most on this strategy/performance is that it is very solid, all months are productive. There is just one single losing week (-2%).

It’s not some kind of roller coaster, it’s emotionally very easy to trade.

MTP changed my trading and I am very thankful for that.

[Biggo]

Hi PBB

Well done on your trading your results are great.
It to me shows that you can make good returns with low risk (1%) with good management & position sizing. This was a concept that I found hard to grasp when I started trading. I was of the opinion to make big returns you had to take big risks.

I would be interested to know if you are just using ts1,ts2 & ts3 setups & using the standard trailing stop set up in your trades?
Also are your trades EOD or intraday & what time intervals do you scan?

I hope you dont mind me asking these questions.

Regards

Biggo

[mrkam]

to add... (and I'm a Forex newbie....)..

1. How do you manange the "off" hours? We will be not tracking, but of course, the market moves ahead... do you set a fixed stop and see how things went later... or do you set a fixed pip trailing stop... I know MTP doesn't use trailing stops, but rather, moving fixed stops at specific points...

2. On the other end, do you use profit stops? as the market moves while we are "off", it may move up then back while we are not watching.... again, MTP doesn't really use profit stops, rather letting the loss stops stop us out...

thanks,

Mark