Oil Market and Trading, as we could see from our previous article, can be quite a quite simple thing if Trading Advise is kept. More systematic trading results are reflected in trading in charts.
Oil Trading Technical System
As we can see, the system managed 57 deals between 2002 and 2008. 29 positions were long when we were buying oil and 28 were short when we sold. The total earnings were 74, 300 USD with 52% of the deals profitable. We see that almost a half of our deals failed, and we still managed to earn a considerable profit with:
• Average deal profit $1,303
• Average amount of a profitable deal constituted $5,309. The duration of a profitable deal was ca 10 weeks.
• Average amount of a failed deal constituted $3,694 with average duration of 4 weeks. See the graphic description of the asset’s dynamics.
