After completing the entire course of School of Pipsology, I started to trade on a Demo Account from January 07, 2018.
As I was experimenting what I have learned in Pipsology course, so I tried to trade Hedging, Positive/Negative Correlative currencies as well as Gold.
I like Hybrid Trading style and prefer to do Swing Trading but I also do Day Trading as and when I see any opportunity to cash.
My primary indicator is Ichimoku Cloud plus Japanese Candle Stick. I also take help of Support/Resistance lines, channels and Fib ratios.
Since I was new to MT4 Platform that’s why I made few mistakes in the beginning. Instead of closing my Long position from Closed Order option, I closed my few trades from the Sale Orders and then tried to close that said Sale trades from Buy Orders due to which I couldn’t get better profit. So you would notice few trades of Sale/Buy of same currencies.
My maximum drawdown was US$.660/= in AUD/USD Long position. I could have easily squared off my position any time but I didn’t close it and let the trade run just to test my Stop loss Criteria.
Although my total loss was $.998.33 during the month of January, 2018, yet I managed to cover my losses of $.327.63 to close my Net Loss of $.660.70. My Win to Loss percentage was 58% to 48%. Expected Payoff was -27.53. Total Trades were 24, Profit trades were 14 and Loss trades were 10.
However, I have managed to earn Gross Profit of $.632.76 v/s. Gross Loss of $ 251.53 to get Net Profit of $ 381.23 during the month of February, 2018. I have also improved my Win to Loss percentage as 68.42% to 31.58%. Total trades were 19 whereas the Profit trades were 13 and Loss trades were 6.
However, my Closed P/L is still showing a Net Loss of US$.381.23 as of 15th February, 2018 which I would definitely try to cover up before the month end closed.
I am attaching my Account History/Statements of January, 2018 up to 15th February, 2018 for your review and comments.
January 2018 = Statement of Account
February 2018 = Statement of Account