February Month End Summary
It’s the end of a trading month - well, at least for me until we welcome in the first Monday of March.
Here’s a quick update of where we are at so far - a nice +21.17% month
Drawdown - this increased from a watermark of -1.64% to -3.77% ( I know this doesn’t agree with the figure in the below chart, myfxbook uses a slightly different calculation)
Unsurprisingly most of the trades took place in GBP.USD this month, with an average trade length of around three days. This sort of holding period should indicate to you that I don’t trade hard and fast, also it should make sense why the number of tradable signals are kinda low when using the higher TFs for analysis - logical really.
Don’t forget that these are public stats on the account that i’ve linked up - here are the links >> (here)
Edit: Fundamental error in the account structure
After some thinking (yes, I can think from time to time) I’ve realised that the above account serves little purpose to the benefit of this thread as it not only contains the weekly signals in both GU and EU which I list here in this thread prior to the trading week, but is also contains a mix of the discretionary trades which I do not place here in this thread. Essentially what we’ve got is an account with both systematic and non-systematic trades. Therefore it’s an inaccurate measure of the signals which I am placing here at the start of each week, understood?
From here on in (March 2019 onwards) I’m going to add two accounts to the myfxbook link which I have provided. I’ll also stop using the account which we have been running for February 2019.
- One account will ONLY contain the trade signals which I give in this thread prior to the trading week in both GU and EU. The systematic approach
- The second account will ONLY contain my own discretionary trades which are not listed in this thread as trade signals. The non-systematic approach
So what’s the point in separating out these accounts? It’s so we can judge the systematic approach in isolation to any other discretionary trades skewing the actual returns. For example, in February just gone I know that over half of the gains were from trades other than those listed here in this thread. I don’t think that’s very useful.
I will have the accounts up and running in myfxbook before we roll into Monday 4th March!