Another Forex News Trade Loss

June 23, 2006 by Trader Rich

I had a quick news trade loss as the market moved mostly before the announcement and not after. Loss of 12 pips (6 pips x 2 lots)

This concludes a week where news trades lost 51 pips for me on a total of 5 trades. I got the big bagel… 0 wins, 4 losses on 2 news trade announcements.

As always, my performance is documented below for the 3 weeks I've been automated trading the news. 3 weeks, +29 pips.

http://www.forexproject.com/Forex_Engine_Trades/

http://www.forexproject.com/FX_Engine_Performance/

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
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
Total	29	$29	11	4	7	0