Progress Report (WITH UPDATES)

The Intraday 10-Pair Mini Trending Strategy has had two losing days in a row now due to a flat market. As we had noted in previous posts, the problem with this strategy is that it depends on mini-trends to win and we have seen very few in the last two days. Our overall direction is to line up several strategies that win in varying market conditions. The GBP/USD strategy that relies on entirely different market conditions has been programmed and we are currently working on it's unique and exciting new money management plan. We have also done some preliminary programming on a version of our Intraday strategy that will utilize 6 pairs to win during ranging markets such as yesterday and today. That strategy would most likely only be traded when both the European and U.S. markets are closed since it would not fair well during trending periods.

So here is a summary of our progress thus far.

1) Intraday 10 Pair Mini-Trend Strategy - Programmed; Debugged; Backtested; Being live demo tested currently

2) Intraday 6 Pair Ranging Strategy - 90% Programmed;

3) GBP/USD Strategy - Programmed; In the process of being debugged; Adding new money management plan

UPDATE (July 1, 2008) - We have since added a daily EUR/USD strategy that takes about one trade per month. The Intraday 10 Pair is ready to go. The Intraday 6 pair ranging strategy is still in development and is unlikely to be traded live within the next 60 days. The GBP/USD Strategy is programmed, debugged, backtested, and being tested live alongside the EUR/USD Daily and the Intraday 10 Pair.