Forex Killer, Live Trading Statement
I recently wrote a review on the Forex Killer system and suggested a trading system to accompany this product. As many of you would have liked it, I executed this strategy solely on a live account during the past week (which was very volatile because of the high news density). The results pleased me a lot (they can be seen here).
Even though conditions were harsh, I managed to get a 105 pip profit on my trading strategy. I did make two mistakes, involving entering a trade on EUR/JPY with a 69.5% probability which ended as a looser and a USD/JPY trade which I closed myself too early with a 0.51 USD loss, it would have been a 0.42 USD win if I had let it stay as is.
The system was therefore capable of producing profit in excess of 200 pips but since I was testing it, I did make the above "mistakes" for the sake of experimentation. As you can see, the trailing stop does make a difference, as I had tested for the two weeks before the last one, any larger or any smaller is detrimental to my trading plan.
I will continue to test this strategy for the following week. If it remains as profitable, I may increase lot sizes and consider it seriously as a part of my trading routine.
Even though conditions were harsh, I managed to get a 105 pip profit on my trading strategy. I did make two mistakes, involving entering a trade on EUR/JPY with a 69.5% probability which ended as a looser and a USD/JPY trade which I closed myself too early with a 0.51 USD loss, it would have been a 0.42 USD win if I had let it stay as is.
The system was therefore capable of producing profit in excess of 200 pips but since I was testing it, I did make the above "mistakes" for the sake of experimentation. As you can see, the trailing stop does make a difference, as I had tested for the two weeks before the last one, any larger or any smaller is detrimental to my trading plan.
I will continue to test this strategy for the following week. If it remains as profitable, I may increase lot sizes and consider it seriously as a part of my trading routine.
Comments
Post a Comment