Doubleyourmoney: August 2007

Thursday, August 30, 2007

Wednesday, August 29, 2007

Trade 0008

AUDJPY
Close NOW at 94.39
40 pips

Profit $1.52

Trade 0009

GBPJPY
close NOW AT 233.12
455 pips

Profit $9.31/$1000 account balance

Trade 0007

CADJPY
Close NOW at108.41
-83pips

Loss -$5.32/$1000 account balance

Tuesday, August 28, 2007

Trade 0006

USDJPY
Target hit at 114.20
99 pips

Profit $5.14/$1000 account balance

Many entry orders are cancelled before execution and many trades are closed before target or stop is reached, so it is advisable to check this blog regularly.

Monday, August 27, 2007

Just added this to firs post:

I use following compouding rule: I don't use new account balance to calculate new trading sizes until there is 30% increase from initial account balance or since previous increase.

Sunday, August 26, 2007

Trade 0002

GBPUSD
CLOSE NOW AT 2.0169

379 pips

Profit $37.90/$1000 account balance

Trade 0001

GBPJPY
CLOSE NOW AT 235.50
-990 pips

Loss -$20.13/$1000

Friday, August 24, 2007

Trade 0007

CADJPY
Entry order
Buy at 109.24
Limit 112.20

Trade 0006

USDJPY
Entry order
Sell at 115.19
Limit 114.20

Thursday, August 23, 2007

Trade 0004

August 22 18:21:03 2007

Stop Loss
AUD/JPY
93.4700
-92 pips

Loss -$3.50/$1000

Trade was 30 pips away from target.

Just closed this trade on demo:

August 15 22:42:51 2007

Sell Market
USD/CAD
1.0816
52,743 units

August 23 10:12:28 2007

Close Trade
USD/CAD
1.0534
52,743

282 pips
P/L $1411.37

I forgot to post this trade here for some reason.

Wednesday, August 22, 2007

Trade 0005

CADJPY
Close NOW at 109.40
215 pips

Profit $13.80/$1000 account balance

Tuesday, August 21, 2007

Trade 0005

CADJPY
BUY NOW at 107.25

Monday, August 20, 2007

Trade 0004

AUDJPY
Sell NOW at 92.55
Stop at 93.47

Just added this to first post:

I started forward testing this system on a demo account 3-4 weeks ago and it is still under testing. I don't recommend anyone to take trades posted here on a live account. Signals posted here are for informational purposes only.

Trade 0003

GBPCHF
Buy Now at 2.3986

Sunday, August 19, 2007

Trade 0002

GBPUSD
Buy NOW at 1.9790

Trade 0001

GBP JPY
Sell NOW at 225.60

Saturday, August 18, 2007

Backtesting Results

I'm going to post free trading signals for ten currency pairs. Each currency pair has it's own system/strategy. For past two years I've been working on trying to find strategies/systems that work consistently every year. Trades are long term trades.

10 year backtesting results:

GBPAUD*
12000 pips
DD:-1000pips
Trade size: 582 units**/$1000 account balance

GBPCHF
22000
DD:-2000
Trade size: 297 units**/$1000 account balance

USDJPY
16000
DD:-1000
Trade size: 593 units**/$1000 account balance

GBPJPY
32000
DD:-2500
Trade size: 237 units**/$1000 account balance

AUDJPY
18000
DD:-1350
Trade size: 440 units**/$1000 account balance

GBPUSD
9000
DD:-500
Trade size: 1000 units**/$1000 account balance

USDCAD
7000
DD:-1000
Trade size: 527 units**/$1000 account balance

EURJPY*
3000
DD:-500
Trade size: 1188 units**/$1000 account balance

EURAUD*
4000
DD:-500
Trade size: 1164 units**/$1000 account balance

CADJPY*
4400
DD:-800
Trade size: 742 units**/$1000 account balance

Some currency pairs have big DD, so it is important to follow suggested trade sizes.

* 5 year backtesting
** 10000 units = 1 minilot

DD means maximum drawdown

Trade sizes are chosen so that each pair has max drawdown of $50 per $1000 account balance or 5%. This way all pairs are made equal and portfolio is properly balanced and well diversified . I use following compouding rule: I don't use new account balance to calculate new trading sizes until there is 30% increase from initial account balance or since previous increase. Using this system I'm expecting 80%-100% returns per year.

I started forward testing this system on a demo account 3-4 weeks ago and it is still under testing. I don't recommend anyone to take trades posted here on a live account. Signals posted here are for informational purposes only.