A couple things to note. The system has made 434 trades in 11 days of trading (1/2 of a month) using 13 Intraday pairs and the GBP/USD strategy. The test started with a balance of $100,000. As of the end of today's trading day the demo balance is $136,050.94 or a return of over 36%. This is with a maximum daily drawdown of 2.3% on April 24th when the GBP/USD strategy had its large losing day. This is VERY exciting. However, very little can be told from such a small sample. Once our auto trader is finished we will be able to test these same parameters over years to determine how our live demo testing returns compare to historical results. Also, because of the effect wide spreads are having on a few of the currencies, it appears that we will not be able to trade 16 pairs. I am now thinking of settling on 12 solid pairs but the final decision will not be made until we can have a larger test sample.
| DATE | PROFIT | ENDING BALANCE | % RETURN |
| April 16, 2008 | $3,185.08 | $103,185.08 | 3.19% |
| April 17, 2008 | $2,499.03 | $105,684.10 | 2.42% |
| April 18, 2008 | $10,264.61 | $115,948.71 | 9.71% |
| END OF WEEK SUMMARY | $15,948.71 | $115,948.71 | 15.95% |
| April 21, 2008 | $7,563.90 | $123,512.61 | 6.52% |
| April 22, 2008 | -$162.18 | $123,350.44 | -0.13% |
| April 23, 2008 | $3,778.44 | $127,128.87 | 3.06% |
| April 24, 2008 | -$2,926.54 | $124,202.33 | -2.30% |
| April 25, 2008 | $2,460.73 | $126,663.06 | 1.98% |
| END OF WEEK SUMMARY | $10,714.35 | $126,663.06 | 9.24% |
| April 28, 2008 | -$1,676.29 | $124,986.77 | -1.32% |
| April 29, 2008 | $9,521.96 | $134,508.73 | 7.62% |
| April 30, 2008 | $1,542.21 | $136,050.94 | 1.15% |
| May 1, 2008 | $0.00 | $136,050.94 | 0.00% |
| May 2, 2008 | $0.00 | $136,050.94 | 0.00% |
| END OF WEEK SUMMARY | $9,387.87 | $136,050.94 | 7.41% |
| TOTAL | $36,050.94 | $136,050.94 | 36.05% |
Here is a breakdown of the results for the 13 pairs that we have been trading on our Upgraded Intraday strategy (we have already abandoned the USD/CAD, CAD/JPY, AUD/CHF because of their excessive spread cost). Through 11 trading days or one half month, 9 of the 13 pairs are profitable.
GBP/JPY = + 5.16%
USD/JPY = + 0.01%
GBP/USD = + 3.85%
EUR/JPY = + 0.02%
EUR/USD = + 3.79%
EUR/GBP = + 2.24%
AUD/JPY = - 0.13%
AUD/USD = + 2.22%
EUR/AUD = - 0.62%
CHF/JPY = - 0.62%
USD/CHF = + 0.38%
EUR/CHF = - 0.53%
GBP/CHF = + 5.95%
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Total through 11 days = + 21.94%
Here are the results for the upgraded GBP/USD including the changes that were implemented last night. The changes included widening the second take profit and adjusting the entry range from 3 to 2.
April 16th = + 1.62%
April 17th = + 3.48%
April 18th = + 0.50%
April 21st = + 2.91%
April 22nd = + 2.61%
April 23rd = + 0.50%
April 24th = - 3.00%
April 25th = + 0.50%
April 28th = + 0.50%
April 29th = + 3.03%
April 30th = No Trade
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Total through 11 days = + 14.11%
UPDATE: SEE THE FINAL AND CORRECTED RESULTS FOR APRIL.
