The results are in for the first 10-day results for my Forex signals.
12 trades, 102 pips profit.
Here is the breakdown
Pips: 29, 27, -44, 15, -48, -50, 0, -4, 36, 40, 47, 54.
Total: +102 pips
Losses: 4 (33%)
Wins: 7 (59%)
Break even: 1 (8%)
Average loss: -36.5 pips
Average profit: 35.43 pips
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-Mike Norman
1 comment:
Pip, pip hooray! .... Sorry couldn't resist.
If I interpret this correctly, very (very) roughly 1/2 percent win or lose each trade with 2:1 win to lose ratio.
Is that a cumulative gain equivalent to about 1% of stake over 10 trades? Maybe not, because I'm assuming all trades are close to 1:1 ratio with USD.
With 20:1 margin, that would be a substantial gain .... $2,000 on a $10,000 stake. Winning (or losing) about $500 a pop.
Not sure my heart could stand up to that. I only make $200 a day as a relief teacher.:) Still tempted though, MMT must give an edge knowing the true momentum of the market, seeing through all the financial media bullspin.
Dunno I could get the analysis right often enough, I usually understand the economics but get the trade ass backwards.
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