Forex Morning Trade Journal

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  • #1241
    ReviewTeam
    ReviewTeam
    Keymaster

    Forex Morning Trade Journal

    To The Best Of Our Knowledge This Product Is No Longer Available

    About This Journal

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


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    #1243
    ReviewTeam
    ReviewTeam
    Keymaster

    ReviewTeam

    15-Feb-2011

    Our January results are as follows:

    – 18 Trades

    – 5 winners (35 pips each)

    – 6 losers (-40 pips each)

    – 6 Break-even

    This has produced a Net loss of -65 PIPs or -3% based on 40 PIPs and 2% risk per trade.

    ReviewTeam

    15-Mar-2011

    We have taken 16 trades in February as follows:

    – 11 winners (35 pips each)

    – 3 losers (-40 pips each)

    – 3 Break-even

    This has produced a Net profit of +305 PIPs or +15% based on 40 PIPs and 2% risk per trade. It means we are +12% Year to date based on being -3% from January.

    ReviewTeam

    31-Mar-2011

    We have taken 19 trades in March as follows:

    – 11 winners (35 pips each)

    – 4 losers (-40 pips each)

    – 4 Break-even

    This has produced a Net profit of +225 PIPs or +11% based on 40 PIPs and 2% risk per trade. It means we are +23% Year to date.

    ReviewTeam

    29-Apr-2011

    We have taken 13 trades in April as follows (New rules traded since 19th April as advised by vendor):

    – 3 winners (35/5 PIPs each)

    – 4 losers (-40/45 PIPs each)

    – 6 Break-even

    This has produced a Net loss of -100 PIPs or -6% based on 40/45 PIPs and 2% risk per trade. It means we are +17% Year to date, an average of just over 4% a month.

    ReviewTeam

    01-Jun-2011

    We have taken 16 trades in May as follows:

    – 6/4 winners (35/5 PIPs each)

    – 6 losers (-45 PIPs each)

    This has produced a Net loss of -40 PIPs or -2% based on 45 PIPs and 2% risk per trade. It means we are +15% Year to date, an average of around 3% a month. A little disappointing to have two losing months in a row but nonetheless the draw-down at present is not great.

    ReviewTeam

    30-Jun-2011

    We have taken 17 trades in June as follows:

    – 4/5 winners (35/5 PIPs each)

    – 8 losers (-45 PIPs each)

    This has produced a Net loss of -195 PIPs or around -9% based on 45 PIPs and 2% risk per trade.

    At the half way stage of the year, after 6 months trading, we are in profit for +130 PIPs which equates to just over +5.5%, around 1% a month. Better than your average bank but for the risk and effort we would have expected more after 6 months – The vendor has of course reported better results than this – Our results are based on trading as per the manual and as indicated on our MT4 charts.

    We do not trade our personal accounts in July and August but we will do our best to record and produce results for these months, in the meantime we wish you an excellent summer.

    ReviewTeam

    30-Jul-2011

    There were 15 trades in July as follows:

    – 7/5 winners (35/5 PIPs each)

    – 3 losers (-45 PIPs each)

    This has produced a Net profit of +135 PIPs or around +6% based on 45 PIPs and 2% risk per trade.

    That doubles our return Year to date after a couple of bad trading months, so +265 PIPs which equates to just over +11.5%. Our results are based on trading as per the manual and as indicated on our MT4 charts, this month the vendor did not report the losing trade on 8-Jul (due to long candle filter (not in the manual)).

    ReviewTeam

    31-Aug-2011

    There were 16 trades in August as follows:

    – 6/4 winners (35/5 PIPs each)

    – 6 losers (-45 PIPs each)

    This has produced a Net loss of -40 PIPs or around -2% based on 45 PIPs and 2% risk per trade.

    This month again the vendor did not report trades as we found them, obviously in his favour. We had on the 16th and 25th August +5 after moving our Stop loss as per the rules. The vendor reported +35 on both occasions – It is annoying (that’s the polite word) that the vendor continues not to accurately reflect results.

    Our return Year To Date (YTD) is now well down from where it was previously. We are now at +225 PIPs which equates to about 10% YTD. Our results are based on trading as per the manual and as indicated on our MT4 charts.

    chrismac1

    15-Sep-2012

    This guy is on last chance saloon with me. On average, 3 or 4 days per month are reported favourably to the vendor in the results section of the website, in my experience. Yesterday, there was a spike up – so that meant the “take profits 5 pips” value was triggered. Not the “let this ride then report 35 pips profit.”

    Sometimes a minus 45 ends up going down in the records as plus 35, you only need to do that 2 or 3 times a month to turn a losing record into a winning one.

    ReviewTeam

    30-Sep-2012

    There were 17 trades in September as follows:

    – 8/3 winners (35/5 PIPs each)

    – 6 losers (-45 PIPs each)

    This has produced a Net profit of +25 PIPs or around +1% based on 45 PIPs and 2% risk per trade.

    This month results are more or less in line with the vendor which is nice to see.

    Our return Year To Date (YTD) is now +250 PIPs which equates to about 11% YTD. Our results are based on trading as per the manual and as indicated on our MT4 charts.

    ReviewTeam

    31-Oct-2012

    There were 17 trades this month as follows:

    – 5/4 winners (35/5 PIPs each)

    – 8 losers (-45 PIPs each)

    This has produced a Net loss of -165 PIPs or around -8% based on 45 PIPs and 2% risk per trade.

    This month results are more or less in line with the vendor which is nice to see.

    Our return Year To Date (YTD) is now +85 PIPs which equates to a miserable 4% YTD. Our results are based on trading as per the manual and as indicated on our MT4 charts.

    ReviewTeam

    07-Dec-2012

    There were 14 trades this month as follows:

    – 5/1 winners (35/5 PIPs each)

    – 8 losers (-35 PIPs each)

    This has produced a Net loss of -100 PIPs or around -6% based on 35 PIPs and 2% risk per trade. This is versus -70 PIPs reported on the website due to the “long candle” rule on 28-Nov which we do not apply.

    Our return Year To Date (YTD) is now negative (break-even) at -15 PIPs. Our results are based on trading as per the manual and as indicated on our MT4 charts.

    ReviewTeam

    28-Dec-2012

    In line with the Forex Morning Trade website we only traded this strategy up to and including 16th December. There were 9 trades as follows:

    – 2/3 winners (35/5 PIPs each)

    – 4 losers (-35 PIPs each)

    This has produced a Net loss of -55 PIPs or around -3% based on 35 PIPs and 2% risk per trade. This is versus -100 PIPs reported on the website due to us taking a winning trade on the 12th December whereas officially it was reported as a No trade.

    Our return for 2011 using this system is officially negative at -70 PIPs or -4%. Our results are based on trading as per the manual and as indicated on our MT4 charts.

    This is enough exposure and patience for us to remove this from our Systems We Use list at the end of the year.


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