1 Minute Daily Trading System Journal

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  • #1249
    ReviewTeam
    ReviewTeam
    Keymaster

    1 Minute Daily Trading System Journal

    Click below to visit the website

    About This Journal

    Systems For Traders had to be rebuilt in 2013
    This system was on our Systems We Use list from Aug-2010 – Dec-2011
    This is a reconstruction of our journal including
    Key posts and comments from the original forum


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    #1257
    ReviewTeam
    ReviewTeam
    Keymaster

    ReviewTeam

    30-Sep-2010

    Note: This system is on our Systems We Use list as a “growth” account, not, as is typical for us, as “income”. This is because we know historically this system has and inevitably will, suffer drawdowns not suitable to an income based strategy. Thus it will not be included in our performance results which are the systems/services we trade for income.

    The starting pot for both GBPUSD and USDJPY is £2,000. All trades are taken manually “as per the book” and left to run to Target or Stop. We do not trade GBPJPY. Risk is also as per the manual, an aggressive 5% per trade.

    So, here we go – Month 1 (August 2010)….

    GBPUSD

    – Starting balance £2,000

    – 20 trades, 11 winners and 9 losers

    – Net profit = £69.49, circa 3.5%

    – Carried forward balance £2069.49

    USDJPY

    – Starting balance £2,000

    – 21 trades, 12 winners and 9 losers

    – Net profit = £182.70, circa 9%

    – Carried forward balance £2182.70

    ReviewTeam

    09-Oct-2010

    September 2010

    GBPUSD

    – Brought forward balance £2,069.49

    – 26 trades, 10 winners and 16 losers

    – Net loss = -£640.10, circa -31%

    – Carried forward balance £1,429.39

    USDJPY

    – Brought forward balance £2,182.70

    – 21 trades, 8 winners and 13 losers

    – Net loss = -£574.10, circa -26.5%

    – Carried forward balance £1,608.60

    ReviewTeam

    01-Nov-2010

    October 2010

    GBPUSD

    – Brought forward balance £1,429.39

    – 21 trades, 15 winners and 6 losers

    – Net profit = +587.20, circa +41%

    – Carried forward balance £2,016.59

    USDJPY

    – Brought forward balance £1,608.60

    – 19 trades, 10 winners and 9 losers

    – Net loss = -£48.60, circa -3%

    – Carried forward balance £1,560.00

    ReviewTeam

    29-Nov-2010

    November 2010

    GBPUSD

    – Brought forward balance £2,016.59

    – 22 trades, 14 winners and 8 losers

    – Net profit = +£504.90, circa +25%

    – Carried forward balance £2,521.49

    USDJPY

    – Brought forward balance £1,560.00

    – 17 trades, 11 winners and 6 losers

    – Net profit = -£275.90, circa +17.5%

    – Carried forward balance £1,835.90

    We will not be trading in December.

    Note: Our figures for November run to the end of last week, that’s because this week has 3 working days in December thus we cut off for November last week.


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    #1258
    ReviewTeam
    ReviewTeam
    Keymaster

    ReviewTeam

    01-Feb-2011

    January 2011

    GBPUSD

    – Brought forward balance £2,521.49

    – 28 trades, 12 winners and 16 losers

    – Net loss = -£549.30, circa -22%

    – Carried forward balance £1,972.19

    USDJPY

    – Brought forward balance £1,835.90

    – 20 trades, 10 winners and 10 losers

    – Net loss = -£130.60, circa -7%

    – Carried forward balance £1,705.30

    ReviewTeam

    05-Mar-2011

    February 2011

    GBPUSD

    – Brought forward balance £1,972.19

    – 23 trades, 12 winners and 11 losers

    – Net loss = -£34.20, circa -2%

    – Carried forward balance £1,937.99

    USDJPY

    – Brought forward balance £1,705.30

    – 19 trades, 9 winners and 10 losers

    – Net loss = -£156.40, circa -9%

    – Carried forward balance £1,548.90

    ReviewTeam

    03-Apr-2011

    March 2011

    GBPUSD

    – Brought forward balance £1,856.79 (Outstanding trade from February lost)

    – 27 trades, 16 winners and 11 losers

    – Net profit = +£277.00, circa +15%

    – Carried forward balance £2,133.79

    USDJPY

    – Brought forward balance £1,548.90

    – 18 trades, 12 winners and 6 losers

    – Net profit = +£336.40, circa +21.5%

    – Carried forward balance £1,885.30

    Fatchance

    04-Apr-2011

    Not quite the $1000 to $62,000 in two years, or whatever the manual or the companion True Money Management manual claims, so all those car brochures I’d carefully collected are now in the recycling container, unfortunately.

    ReviewTeam

    02-May-2011

    April 2011

    A shocking performance for GBPUSD neutralized by an impressive performance for USDJPY.

    GBPUSD

    – Brought forward balance £2,133.79 (Outstanding trade from February lost)

    – 21 trades, 6 winners and 15 losers

    – Net loss = -£722.10, circa -34%

    – Carried forward balance £1,411.69

    USDJPY

    – Brought forward balance £1,885.30

    – 17 trades, 13 winners and 4 losers

    – Net profit = +£793.40, circa +42%

    – Carried forward balance £2,678.70

    ReviewTeam

    02-Jun-2011

    May 2011

    This months it’s a similar story where GBPUSD has outperformed and USDJPY has seen a 23% draw-down – The upside being our “growth” fund is yet to grow!

    GBPUSD

    – Brought forward balance £1,411.69

    – 23 trades, 15 winners and 8 losers

    – Net profit = +£394.90, circa +28%

    – Carried forward balance £1,806.59

    USDJPY

    – Brought forward balance £2,678.70

    – 22 trades, 9 winners and 13 losers

    – Net loss = -£609.60, circa -23%

    – Carried forward balance £2,069.10

    ReviewTeam

    05-Jul-2011

    June 2011

    With both pairs under performing this month our “growth” fund is still yet to grow!

    GBPUSD

    – Brought forward balance £1,806.59

    – 25 trades, 13 winners and 12 losers

    – Net loss = -£63.50, circa -3.5%

    – Carried forward balance £1,743.09

    USDJPY

    – Brought forward balance £2,069.10

    – 22 trades, 10 winners and 12 losers

    – Net loss = -£351.75, circa -17%

    – Carried forward balance £1,717.35

    ReviewTeam

    01-Aug-2011

    July 2011

    USDJPY outperforms and GBPUSD disappoints.

    GBPUSD

    – Brought forward balance £1,743.09

    – 24 trades, 11 winners and 13 losers

    – Net loss = -£241.90, circa -14%

    – Carried forward balance £1,501.19

    USDJPY

    – Brought forward balance £1,717.35

    – 13 trades, 10 winners and 3 losers

    – Net profit = +£500.20, circa +29%

    – Carried forward balance £2,217.55

    Fatchance

    01-Aug-2011

    Interesting figures ReviewTeam and am glad I stopped trading GBP/USD on 1Minute Daily a few months ago. I think I’m correct saying (but too lazy to look back) that you must be round about the one year mark for trading 1Minute and the growth account isn’t growing. Nothing like the track record in the manual which got me (and no doubt many others) so excited. If it looks too good, etc., etc……

    Any views RT, or indeed anyone – at what point, other than when you run out of money – it is time to say “enough is enough” for a system?

    ReviewTeam

    02-Aug-2011

    Yep, most frustrating, agreed.

    In terms of the system though, as you know we committed a very small fund to this relative to what we would usually commit to a system, £2,000 to each pair. The reasons being we wanted to experience growth rather than income. The system is 100% mechanical and historically has been proven to be reliable. We will continue to the end of the year with this at least. At this stage it will be 18+ months and we will take a judgement based on our original commitment. This was, if we are down at any stage -50% we will bail or if after at least 1 year we are showing no growth, we will bail out. We believe either of these mean that something is fundamentally wrong.

    ReviewTeam

    01-Sep-2011

    August 2011

    Usual story here again, one currency outperforms only for the other to disappoint and to mean we are still running to stand still on this “growth” fund!

    GBPUSD

    – Brought forward balance £1,501.19

    – 23 trades, 15 winners and 8 losers

    – Net profit = +£412.90, circa +27.5%

    – Carried forward balance £1,914.09

    USDJPY

    – Brought forward balance £2,217.55

    – 14 trades, 4 winners and 10 losers

    – Net loss = -£623.50, circa -28%

    – Carried forward balance £1,594.05

    ReviewTeam

    04-Oct-2011

    September 2011

    This is getting boring now – A small loss on USDJPY balanced out by a small gain on GBPUSD.

    GBPUSD

    – Brought forward balance £1,914.09

    – 28 trades, 15 winners and 13 losers

    – Net profit = +£63.20, circa +3.30%

    – Carried forward balance £1,977.29

    USDJPY

    – Brought forward balance £1,594.05

    – (Due to a lot of unusually large and small ranges) 8 trades, 4 winners and 4 losers

    – Net loss = -£44.40, circa -2.80%

    – Carried forward balance £1,549.65

    ReviewTeam

    07-Nov-2011

    October 2011

    Our Growth fund (sic!) performance this week gets even worse!

    GBPUSD

    – Brought forward balance £1,977.29

    – 23 trades, 9 winners and 14 losers

    – Net loss = -£505.70, circa -25.60%

    – Carried forward balance £1,471.59

    USDJPY

    – Brought forward balance £1,549.65

    – (Due to a lot of unusually large and small ranges) 12 trades, 5 winners and 7 losers

    – Net loss = -£208.40, circa -13.50%

    – Carried forward balance £1,341.25

    ReviewTeam

    07-Dec-2011

    November 2011

    Performance this month has, at least, been positive, slight as it is!

    GBPUSD

    – Brought forward balance £1,471.59

    – 26 trades, 14 winners and 12 losers

    – Net profit = +£7.20, circa +0.50%

    – Carried forward balance £1,478.79

    USDJPY

    – Brought forward balance £1,341.25

    – (Again, due to a lot of unusually large and small ranges) 11 trades, 7 winners and 4 losers

    – Net profit = +£131.40, circa +9.80%

    – Carried forward balance £1,472.65

    ReviewTeam

    03-Jan-2012

    We actually didn’t get the chance to trade this every day in December and thus record accurate enough results to provide a full update. So, our official end point will be a -25% return for each currency as per end November 2011 results.

    Apologies for this but the team had too much commitment during December and we also knew we would be discontinuing with this system and it has been removed from our Systems We Use list.


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