ICC Forex System testing

[GMP]

Morning Pip Report:
£$ +62
€$ -40 +28
€£
£¥ +56
€¥ -40 +24
$¥
Ft -12

total: +78

Big turnaround in the Euro this morning with far better German data than expected, followed by strong UK data. Still too quick to close a profitable trade - two centuries available on the sterling pairs. Need hypnotherapy or something.

 

[GMP]

Morning Pip Report:
£$ -3
€$ -9
€£ +8
£¥ --
€¥ +34
$¥ --
Ft --

total: +30
Pretty flat morning - happy to have made a profit.

 

[GMP]

thinking out loud:
trawler fishermen don't expect to catch a whole shoal of fish, they just need to net enough to make a living... likewise, I don't need to catch every pip of a move, I just need to make a profit - what a market does after I exit is immaterial if I've made a decent gain

 

[GMP]

8 til 10:
£$ --
€$ -18
€£ +10
£¥ --
€¥ +42
$¥ --
Ft +11

total: +45

 

[GMP]

Morning Pip Report:
£$ -24 -37 +9
€$ -21
€£ -15 -18
£¥ -14
€¥ -18 +41
$¥ --
Ft +10

total: -87

In trading, you have to take the rough with the smooth, but I lost 7 out of 7 trades for -147 pips to start with this morning, and that's as rough as I want to experience it, thankyou. Had a feeling it'd be choppy with no real news 'til the US durable goods figures due lunchtime, but it turned into a perfect anti-fit for my system.
Well overdue a morning like this, but it's always a bugger to take when it happens.

 

[GMP]

Morning Pip Report:
£$ +1
€$ +10 -2
€£ --
£¥ +14
€¥ --
$¥ --
Ft +10

total: +33
More cautious this morning; tedious flatlining

 

[GMP]

11.30 finish:
£$ -15* +10
€$ +7
€£ --
£¥ +20
€¥ +20
$¥ --
Ft -13 +6

total: +35

*wrong entry
40 pips' worth of missed entries... need to work on my teabreak timing

 

[GMP]

Morning Pip Report:
£$ -3
€$ -16 +3 -6
€£ --
£¥ +20 0 -4 -2
€¥ -14 -5 -10 +5 +5
$¥ --
Ft --

total: -27

Only decent mover was sterling but I wasn't in place early enough to catch the entries. Otherwise, complete & utter August frustration.

 

[GMP]

Morning Pip Report:
£$ +10 (+32)
€$ +10 (+20) -3
€£ -4 +5
£¥ -13
€¥ -11 -8
$¥ +15 (+23)
Ft --

total: +1(+41)

First day using MxvldiffUniv 64/400 levels, as stumbled across yesterday p.m. Strict 10/15/20 targets vs.(notional exits)

 

[GMP]

EOD Pip Report:
£$ +10(+32) +10(-11)
€$ +10(+20) -3 +10(-14)
€£ -4 +5
£¥ -13 +20(-3)
€¥ -11 -8 +20
$¥ +15(+23)
Ft --

total: +61(+33)

Strict 10/15/20 targets vs.(notional exits where different)
Predictable that the post-US open results differ from the morning - far better off using targets this afternoon, and far better off using conditional exits this morning.

 

[GMP]

Morning Pip Report:
£$ +36
€$ +54
€¥ +20
Ft -10 -7

total: +93

Intending to focus on these four for the rest of August. The drop-off in volume makes results less useful, but at least these markets retain some semblance of normality.
Nice clear morning for once.

 

[GMP]

Junking this - classic case of reading too much into light volume market behaviour.

EOD Pip Report:
£$ +10(+32) +10(-11)
€$ +10(+20) -3 +10(-14)
€£ -4 +5
£¥ -13 +20(-3)
€¥ -11 -8 +20
$¥ +15(+23)
Ft --

total: +61(+33)

Strict 10/15/20 targets vs.(notional exits where different)
Predictable that the post-US open results differ from the morning - far better off using targets this afternoon, and far better off using conditional exits this morning.

 

[GMP]

EOD Pip Report:
£$ +36 +38
€$ +54 +19
€¥ +20 +52
Ft -17

Afternoon as smooth as the morning. Funny how when you tweak a system, its first day or two works like a charm. Tough to envisage these results being repeated.

 

[GMP]

Friday Morning Pip Report:
£$ -4 +18
€$ -10 +10 +2
£¥ +10
€¥ +12
Ft -20 -3

total: +15
Couldn't resist £¥...probably should resist Ftse

 

[GMP]

Morning Pip Report:
£$ -2
€$ -7 -9 +8
£¥
€¥ +5 -3 +8
Ft

total: 0
Encouragingly small losses on a becalmed morning.

 

[GMP]

Morning Pip Report:
£$ -17 -13 +40
€$ -6 -10
£¥ +11 -13
€¥ -27 -12 -9 +11
Ft --

total: -45
More flatness this morning, but the system didn't cope as well as it did yesterday.

 

[GMP]

Morning Pip Report:
£$ -17 +35
€$ -6 +11
£¥ -6 +33
€¥ +20

total: +70
Finally got some movement after the BoE report. Got out a bit early but after the last couple of days I think it's more likely to retrace than extend over the next 20 minutes.

 

[GMP]

wrong there - following the exit rules would've been about the same on the two $ trades, but would've netted another 30 or 40 pips between the two ¥ trades

 

[GMP]

Morning Pip Report:
£$ -21 +71
€$ -15 +100
£¥ -27 +60
€¥ +16

total: +184

Perfect example of the value of not exiting before the system tells you to, even in August. Some small profits will be lost, but the big moves will more than compensate for them.
More importantly, if big moves like this are missed out on through impatience, the whole system can be shortcircuited through losing trades mounting up and not being recouped.

 

[GMP]

Morning Pip Report:
£$ -5 -9 +16
€$ +22 +27
£¥ -20 +59
€¥ +24 +38

total: +152
(That's two days giving the lie to the "You can't trade in August" maxim.)
still finding it hard to not exit winners too early
also need a repeating 5min alarm to make sure I'm in place for entries instead of reading some journo sniping at Capello, for instance