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Monday, March 20, 2006 |
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I still have two short GBP/USD and EUR/USD positions from last week that were opened due to signals that my Dooku trading system generated. The market hasn't been doing much since then yet I'm sitting on an unrealized profit of $500. Yesterday I stated that my trading system had a profit target of 225 pips and a stop loss of 75 pips. Though these are the stops and limits I place on each trade, my trading system can generate reversal signals that prevent my profit target from ever being hit. The most I can lose on any given trade is 75 pips. Generally if the trade moves at least 50 pips in my direction, I'm usually guaranteed that I will profit from at least these 50 pips. It's when it moves above this when I have a chance of realizing the 225 pip profit target as long as my trading system doesn't generate a reversal signal. In backtesting, my maximum profit target was not hit as often as my maximum stop loss but forward testing should give me more insight on how this trading system will perform in the long run. I've been busy trying to import 5 years worth of intraday data into Amibroker for backtesting. I know I was talking up Amibroker like it was the greatest thing since sliced bread but 1 drawdown is the fact that they use flat files for historical data as opposed to an optimized database. What this means is that as more and more data is added, the slower and slower it is to import. I figured the import of 5 years of 1 minute data for 10 currency pairs will take about 2 days for a single cpu pc at 100% utilization. Unfortunately I don't have a dual-cpu or dual core system right now though I'm very tempted to buy one.
Forex Trading
long
loss
march 2006
pips
profit
reversal
signals
stop
system
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trading
trading system
usd
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Last Updated ( Monday, March 20, 2006 )
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