The month of May was another profitable month for Forex Profit Monster. I finished May with a profit of +503 pips across the 8 pairs I trade on the 4 Hour chart (and I also have over 1,000 pips in profit still open from trades opened in May as of the writing of this post).
May's results brings the pip total for the year to more than 3,000 and the average per month to more than 600. Historically the mean return for this system has been around the 600 pips per month mark, so it's nice to see a return to that amount after the slow start I experienced this year.
Here are the details of the May results:
38 total trades
16 wins: +2,140 pips
22 losses: (-1,637) pips
Total pips: +503
Win rate: 42%
Avg win: 133 pips
Avg loss: 74 pips
Avg risk/reward: 1.79 to 1
Results by currency pair:
GBP/USD 2W, 0L +427
EUR/USD 3W, 1L +268
EUR/JPY 2W, 3L +209
USD/CHF 2W, 2L +174
USD/CAD 3W, 2L +5
USD/JPY 2W, 3L (-29)
AUD/USD 1W, 6L (-192)
GBP/JPY 1W, 5L (-359)
And the up to date yearly results so far for 2011:
January (-35)
February (-334)
March +869
April +2,168
May +503
That's a total of 3,171 pips so far in 2011, and an average per month of 634 pips.
I have received some comments this month from people asking about my usage of the system... to which I will respond, that's why this blog is here! The answer to every question that was asked is contained in this blog. I know there are a lot of posts, but if you want to know more about the system and how I use it reading this blog will answer your questions. I don't mean to come across as rude, but I don't have the time to answer the same questions over and over again... when they've already been answered in the posts contained here.
If you have a question that is not covered (or need more details) I will be happy to answer them... just contact me through the email contact at the website (www.forexprofitmonster.com).
Thanks for stopping by my blog and I hope your May was as profitable as mine!
Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/
