Pair-by-Pair Breakdown for April

Today (hopefully), our first protocol of the computer trader will be completed. It's completion will mean we will begin to lock in which pairs are most productive. Here is a look at how each of our pairs faired in April.

GBP/USD Strategy = +20.74% (26 Trades)
**(We also will consider using the EUR/USD, GBP/CHF, USD/CHF, EUR/CHF)

GBP/JPY Intraday = +2.69%
USD/JPY Intraday = +1.93%
GBP/USD Intraday = +3.92%
EUR/JPY Intraday = -0.22%
EUR/USD Intraday = +7.25%
EUR/GBP Intraday = +1.19%
AUD/JPY Intraday = -1.22%
AUD/USD Intraday = +0.55%
EUR/AUD Intraday = -1.15%
CHF/JPY Intraday = -2.73%
USD/CHF Intraday = +4.00%
EUR/CHF Intraday = -2.83%
GBP/CHF Intraday = +6.13%
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Total Intraday = +21.35% (794 Trades)



While 5 of the 13 pairs ended the month of April in the red; that doesn't mean we will remove those pairs. One of the concepts of the strategy is that by using corresponding pairs (example: GBP/CHF, EUR/CHF, EUR/GBP), one of the pairs in a set will often lose while the other two will make up for the loss. This strategy relies on a market that is active and a market where some currencies are strong and others weak. Lets imagine that in a given day, the Euro is weak while both the British Pound and the Swiss Franc are strong. In theory, the GBP/CHF would have a losing day while the EUR/GBP and the EUR/CHF would have a winning day. The strategy does NOT work on days when the markets are in "standby mode" waiting for direction such as those days when a major economic news announcement comes out (ie. Non-Farm Payroll), the Monday preceding a major interest rate announcement, holidays, the last day of the month, etc.