Forex newcomers trading strategies include understanding of: Options Notion, Options Notion- 2, Basic rules of options trading.
Now let’s have a look at the trading statistics of trading according to the strategy described in the previous article. Take into account that this strategy was a bit modified. For example, it was decided that the trade would be done not in the recommended day time, but in the early morning. As well, the quantity of the orders opened at once was 6 as it seemed that the margin would be too much. On Monday 28.07.2008, with a deposit of 44 000 currency units the following currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD,AUD/USD in one lot (average of 10 currency units per grade), «take profit» - 13 points, no «stop loss». The opened positions were never added more money per one account as the remaining margin was by some chance enough. I have to admit that under some other circumstance these investments could be not enough. The results are as follows:
Opening time Type Volume Symbol Opening price. S/L T/P Closing time Closing price Swop Profit
2008.07.28 05:05 sell 1.00 eurusd 1.5696 0.00 1.5680 2008.07.29 16:43 1.5680 -4.90 160.00
2008.07.28 05:06 sell 1.00 gbpusd 1.9897 0.00 1.9877 2008.07.28 05:26 1.9888 0.00 90.00
2008.07.28 05:06 buy 1.00 usdjpy 107.97 0.00 108.08 2008.07.29 17:02 108.08. 3.82 101.78
2008.07.28 05:07 sell 1.00 audusd 0.9530 0.00 0.9512 2008.07.29 17:01 0.9512 -9.20 180.00
2008.07.28 05:07 buy 1.00 usdcad 1.0199 0.00 1.0213 2008.07.28 15:14 1.0213 0.00 137.08
2008.07.28 05:08 sell 1.00 usdchf 1.0373 0.00 1.0358 2008.07.28 06:55 1.0358 0.00 144.82
Two trading days profit constituted 800 currency units. The noise trap seemed to work. It’s quite a good result as for the current forex market (though forex newcomers believe that forex offers amazing profits).
