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Tuesday, June 13, 2006 |
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Forex Project - FX Engine Performance
Currently I am trading a live mini-account with FX Engines to evaluate it. I'm using real money and my own money to prove whether this is as good as it looks.
FX Engines focus on the ability to trade the news automatically through their platform. Since news tends to create major short-term moves in currency prices (sometimes in just the first 1-10 tics after the announcement), they see the potential for profit with a limited amount of risk. In fact, most trades orders are placed with a stop loss of only 10 pips.
| Week # | Pip P/L | Gross P/L | Total # of Trades | Total Winning Trades | Total Losing Trades | Total Even Trades | Avg. Winning pips | Avg. Losing pips | | 0 | 0 | $0 | 1 | 0 | 0 | 1 | | | | 1 | 58 | $58 | 2 | 2 | 0 | 0 | 29.0000 | | | 2 | 22 | $22 | 5 | 2 | 3 | 0 | 20.5000 | -6.3333 | | 3 | -51 | $-51 | 4 | 0 | 4 | 0 | | -12.7500 | | 4 | 19 | $19 | 6 | 3 | 3 | 0 | 18.3333 | -12.0000 | | 5 | 3 | $3 | 5 | 2 | 3 | 0 | 10.0000 | -5.6667 | | 6 | -3 | $-3 | 1 | 0 | 1 | 0 | | -3.0000 | | 7 | 41 | $41 | 3 | 2 | 1 | 0 | 38.5000 | -36.0000 | | 8 | -5 | $-5 | 2 | 1 | 1 | 0 | 18.0000 | -23.0000 | | 9 | -35 | $-35 | 1 | 0 | 1 | 0 | | -35.0000 | | Total | 49 | $49 | 30 | 12 | 18 | 1 | | |
Forex Trading
forex
fx engines
trade the news
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Last Updated ( Tuesday, June 13, 2006 )
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