Forex Profit Monster - October 2011

Another spectacular month with Forex Profit Monster! The past two months have more than made up for the slow start in 2011. Even though I consider myself a "seasoned" trader now, it's still tough to sit through drawdowns... and those drawdowns are especially tough when they happen in consecutive months in the beginning of the year and sometimes take a few months to recover from. However with October's win I have guaranteed another winning year with FPM (both in pips/dollars and number of winning months vs. number of losing months).

Some of you have contacted me regarding why I've been so late posting the results again this month. There are several reasons, some of which are personal and I won't go into, but one of which actually has to do with the results and the results blog itself. The software that I use to graph the results is limited to the number of data points it will accept. I have reached the limitation with the monthly results, so my plan was to find some new software and redesign the graph and transfer the data, or redesign the graph in the current software to show results by quarter instead of by month. I had the best of intentions to have this done by this month, but it's a project that keeps getting moved lower on the priority list. I will however keep working on it so that the graph can continue to be posted on the results blog each month.

Anyway, on to the October results:

25 trades
12 wins - 3,267 pips
13 losses - 633 pips

Total: +2,634 pips

48% win rate
Avg win: 272
Avg loss: 48
Avg risk/reward: 5.66 to 1

And here are the results by currency pair as traded on the 4 hour chart:

AUD/USD 2W, 0L +1,426
USD/CAD 2W, 1L +539
GBP/USD 2W, 0L +390
EUR/USD 2W, 1L +341
USD/CHF 2W, 2L +144
EUR/JPY 1W, 2L +33
GBP/JPY 1W, 1L +4
USD/JPY 0W, 6L (-243)

And the totals for 2011 so far:
January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221
September +2,227
October +2,634

That's a total of 7,667 pips so far in 2011, and an average per month of +766 pips. For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at http://www.forexprofitmonster.com/.

To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Best of luck in your trading!

Jim
http://www.forexprofitmonster.com/

Forex Profit Monster Results - September 2011

Here we go... into another Fall of economic uncertainty. What's going on in Europe... is the stock market heading for free-fall... is the U.S. Dollar finally going to collapse... is Gold a bubble about to burst or is it picking up a head of steam to the upside again???

If you find yourself asking these questions and allowing your opinion (or other's opinions) about these situations to either make your trading decisions for you or make you freeze up and unable to make a trading decision, then you are trading without a plan.

To be a successful trader you MUST have a plan in the form of a resilient trading system. I developed Forex Profit Monster in 2006 and have been trading it on a live account since 2007. That's almost 5 years... and even though FPM doesn't win every month (no trading system does... if someone tries to tell you theirs does you need to run the other way) it has kept my losses and drawdowns to a minimum and delivered relatively steady profits over time. The month of September was no exception, with a win of over 2,200 pips. This extraordinary month puts me at a new high for total pips won and more importantly, at a new high in my account balance! It has also almost doubled the pip total for the year... all in all a great month!

Here are the details for September:

16 trades

8 wins: 2,756 pips
8 losses: 529 pips

Total pips: +2,227

Avg win: 344
Avg loss: 66
Avg risk/reward: 5.21 to 1

Win rate: 50%


And the breakdown of results by currency pair traded on the 4 Hour chart:

GBP/JPY 1W, 0L +620
GBP/USD 1W, 1L +620
EUR/USD 2W, 0L +589
EUR/JPY 2W, 1L +434
USD/CHF 1W, 2L +153
USD/JPY 1W, 0L +17
AUD/USD 0W, 1L (-92)
USD/CAD 0W, 3L (-114)


And the totals for 2011 so far:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221
September +2,227

That's a total of 5,033 pips so far in 2011, and an average per month of +559 pips.

For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at http://www.forexprofitmonster.com/.

To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Best of luck in your trading!

Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - August 2011

Summer is officially over, but I have a hard time letting it go... it's my favorite time of the year. I've just returned from the beach and am getting back into a "regular" routine, which will include being more timely in posting updates here on the blog :-)

August results were the kind of results you expect from trading in summertime... a lot of aimless ranging by price... which could mean getting "chopped up" and showing a loss. However this August there were also some very good trends that closed out that helped me to show a profit instead of a loss. Thanks to a huge win on the USD/CHF of over 900 pips, August showed an overall profit of 221 pips.

Since I am writing this post so late in the month I can also say that September is ending up a great month, with many of those other pairs beginning to show some nice profits on moves that began in the beginning to middle of the month. Not only will September be a profitable month, it will be one of the most profitable of the year... most likely helping the system average return closer to its historical monthly mean.

Here are the results for August:

35 total trades
9 wins: 2,124 pips
26 losses: 1,903 pips

Total: +221 pips

Win Rate: 25%
Avg Win: 236 pips
Avg Loss: 73 pips
Avg Risk/Reward: 3.23 to 1

And the results by currency pairs traded on the 4 Hour chart:

USD/CHF 2W, 0L +960
AUD/USD 2W, 2L +305
USD/CAD 1W, 2L +216
USD/JPY 2W, 4L +137
GBP/JPY 0W, 4L (-165)
EUR/JPY 1W, 4L (-310)
GBP/USD 0W, 5L (-370)
EUR/USD 1W, 5L (-552)

The results this month once again help to show the resiliency of this system... the fact that the win rate of trades for the month was ONLY 25%... but that it still showed a profit!

Here are the results for 2011 so far:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221

That's a total of 2,806 pips so far in 2011, and an average per month of +350 pips.

For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at http://www.forexprofitmonster.com/.

To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Best of luck in your trading!

Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less/

July 2011 Results - Forex Profit Monster

The hazy, lazy days of summer... less trading volume and more vacation... means I'm late again this month posting the results! Thankfully my lack of discipline is only showing in this regard... my trading continues to be right on track :-)

The month of July was a winner, although not a fantastic one, still a winner, with a profit of 225 pips. There weren't a lot of huge moves in July... a nice trend on the EUR/JPY for a little over 300 pips accounted for most of July's profits. Once again I closed out the month and started August with over 1,000 pips of positive equity, and out of that equity I've closed out a USD/CHF short trade that profited me almost 600 pips toward the August results, which just about guarantees that I'll have a winning August as well.

It's been a rollercoaster month so far in the equities, with the DOW seeing some of its biggest one day gains and losses ever over the past couple of weeks. What does this mean for the currency market? Hard to say... usually it means a strengthening U.S. Dollar as people flee the more volatile, "riskier" markets for the "safety" of cash and U.S. treasuries. Funny thing is, this time it doesn't seem to be happening. Most people are either sticking it out or buying gold and silver... which seems to lend creedence to those who are waiting for the U.S. Dollar to devalue even more... or even collapse. As a trend follower I won't allow those fundamentals to affect my trading by influencing my decisions... I'll still take long trades on the Dollar if I get a signal to do so... but I have to admit that I'm much more comfortable taking the short side of the Dollar these days, especially since it's where I've been making most of my money in the past several months.

Here are the results for July:

28 total trades

12 wins: 1,309 pips
16 losses: 1,084 pips
Total pips: +225

Win rate: 43%

Avg win: 109
Avg loss: 67
Avg Risk/Reward: 1.62 to 1

And the monthly results by currency pair traded on the 4 Hour chart:

EUR/JPY 2 W, 1 L +324
EUR/USD 3 W, 1 L +127
USD/CAD 2 W, 1 L +34
GBP/USD 1 W, 2 L +5
USD/JPY 0 W, 1 L (-25)
USD/CHF 1 W, 3 L (-49)
GBP/JPY 1 W, 4 L (-61)
AUD/USD 2 W, 3 L (-130)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225

That's a total of 2,585 pips so far in 2011, and an average per month of 369 pips.



That's it for July... for more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at http://www.forexprofitmonster.com/.
To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.


Best of luck in your trading!


Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - June 2011

I'm a little late posting the June results... with the July 4th holiday things got a little hectic last week, but I'm forcing myself to transfer the results of my trading logs to the blog today... before it's time to post the July results :-)

June was a tough month on the 4 Hour chart... A LOT of ranging, particularly on the GBP/USD and USD/CAD, with these two pairs basically providing the negative pips that made June a losing month. The good news is that as of the writing of this post the Pound is experiencing a large move in the direction of my current trade, with the GBP/USD breaking out to the downside and looking like it will be helping to add to positive pips for July. Also the USD/CAD is entering a tighter range on both the 4 Hour and Daily charts, so a breakout and large move on this pair is impending, hopefully by the end of this month!

Here are the results for June:

43 trades

10 wins: 1,181 pips

33 losses: (-1,992) pips

Total pips: (-811)

Win Rate: 23%

Avg win: 118 pips

Avg loss: 66 pips

Avg risk/reward: 1.78 to 1

Results by pair:

USD/CHF 2W, 3L +247

EUR/USD 2W, 2L +171

USD/JPY 1W, 3L (-15)

GBP/JPY 2W, 2L (-48)

EUR/JPY 2W, 2L (-72)

AUD/USD 0W, 4L (-178)

USD/CAD 0W, 8L (-389)

GBP/USD 1W, 9L (-527)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)

That's a total of 2,360 pips so far in 2011, and an average per month of 393 pips.

That's it for June... for more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com.

To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Best of luck in your trading!

Jim

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - May 2011

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/

Forex Profit Monster Results - April 2011

It's been almost a year since I've had a "windfall" month like April. It always feels good to reap the rewards of being a patient trend follower... and when the pips come flowing in like they did last month, you can't help but feel good! After all was said and done, I finished April with a profit of +2,168 pips across the 8 currency pairs I trade on the 4 Hour chart. I'm at a new account balance high, a new equity high, and I have a few trades still open that have carried over into May with a current total of about 1,500 pips of profit!

I'll get into the exact details of the month's performance in a little bit, but first the time seems right to address a question I got about 2 weeks ago from a fellow trader. I'll keep this person's name anonymous because I didn't ask to publish his question, but I think it's important to answer it and discuss the subject matter he brings up in an open forum so that others who may have the same mindset can learn.

The question posed was regarding my year end results with Forex Profit Monster over the past few years and the "sub-par" performance of the first two months of 2011:

"With regards to decreasing ROI year after year (2008: 300%, 2009: 60%, 2010: 30%, 2011: ?% do you consider FPM to be slowly losing its edge?"

I don't mean to be rude, but if this seems like a good question then you have a LOT to learn, young Jedi. :-)

The fact that the ROI has decreased each year for the past 3 years is not because the trading system is becoming less effective... it's actually quite the opposite! This system is very robust, and it adapts to the current market conditions. The reason that I experienced a 300% return in 2008 was because of the global "market meltdown" toward the end of that year. FPM helped me to achieve the incredible results in 2008 (not only a 300% return for the year, but more than a 100% profit in the month of October alone) while many other traders and investors were losing 40-50% of their account values (or more... there were a lot of account "KABOOMS" heard toward the end of 2008!). It was the "black swan" event that drove the profits for 2008... those profits were extraordinary and they can't be expected EVERY year. However sooner or later they will happen again (with things the way they are more likely sooner than later), and if you're trading a sound trend following system like FPM you'll be in the same position I was in 2008 when they do.

As far as 2009 and 2010 are concerned, all veteran traders know that after a huge event like we had in 2008 it will always take some time for markets to "settle down" again while volume and volatility move from one extreme to the other... and because of this profits during these times can be squelched. I don't know if that's what you can call a 60% and 30% return, but I guess you can if you're comparing it to 300%. However, any way you look at it even 30% is a great year. Even suggesting that a 30% return on the year is "poor" performance (as the person who asked the question seems to think) shows someone who is far removed from reality!

Here's some "homework" for you if you think a 30% return on the year is poor performance... go to your local bank and ask them how much of a return they're willing to give you on a savings account; or better yet, tell an investment adviser that you think a 60% or 30% ROI on the year is poor performance and tell them you'd like to invest with them... I'd almost guarantee they won't take you on as a customer... in fact they may call security and have you escorted from the building LOL!

If you are a new trader (or even an experienced trader) who thinks the question asked was valid, then you need to adjust your view of the market(s). Trading systems can only deliver what the market allows them to under the current market conditions. If you think you have any control other than to follow your trading plan and accept the returns available then you should probably give up trading because you're going to lose all of your money in the long run. Find someone who is a good trader/money manager, give them your money to trade and let them make you some money... or just donate the money you were going to use in your account to a worthy charity... at least then it will do some good since you're probably going to lose it all anyway! As an added bonus of doing this you can claim the tax write-off!

And here's some more advice for those of you who might feel better selecting a professional to manage your money... invest it in a trend following fund... and do the opposite of human nature and buy in during a drawdown (when the fund is actually temporarily losing money) so that you can maximize your returns when the new trends kick in! If you buy in during the "good times" (like after a 300% ROI year), you may start out in a drawdown or during a long stagnant period while the market consolidates. If you're going to be successful even placing your money with someone else, this is the way you need to learn to think!

Now with that out of the way, here are the results for April:

19 trades

11 wins: +2,876
8 losses: (-708)

Total: +2,168 pips

Win rate: 57%
Avg win: 261 pips
Avg loss: 88 pips
Avg Risk/Reward ratio: 2.96 to 1

Here are the results by currency pair:

USD/JPY 2W, 0L +472
EUR/JPY 1W, 3L +444
AUD/USD 1W, 0L +421
GBP/JPY 2W, 1L +344
EUR/USD 1W, 1L +213
USD/CHF 2W, 0L +203
USD/CAD 1W, 1L +90
GBP/USD 1W, 2L (-19)

And the up to date yearly results so far for 2011:

January (-35)
February (-334)
March +869
April +2,168

That's +2,668 pips total so far for 2011, or an average of +667 pips per month.

I hope your April was as profitable as mine, here's to a successful May!

If you'd like more information about Forex Profit Monster (and my daytrading system Forex Day Monster), visit my website at www.forexprofitmonster.com. You can purchase both systems there on the "Purchase" page.

You can also buy each system individually on my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two trading systems per week at a discount.

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - March 2011

The results are in for March and it was a very profitable month with a total win of 869 pips. As you can see from the graph above, that puts my equity AND account balance at a new high. It was nice to have a large win in March after the past couple of months of small losses. Even though I've learned to deal with the small losses that are a given when trading, it's still nice when those losing periods end!

Some have written to me in the past couple of months to ask why I don't post as many charts as I used to. I guess I've just gotten into the habit of providing the "bread and butter" results information that most are looking for regarding my trading with Forex Profit Monster, but for those who would like to see more current charts, here's one of March's best performer, the USD/CHF:


As you can see from the above chart, not only did I experience a nice profit from an extended downtrend on the 4 Hour chart, but I'm also currently in profit on this pair for April with the start of an uptrend (as of this blog post that profit stands at about +110 pips on this pair).

And the USD/CHF isn't the only pair that I currently have profit in open equity towards April's results... all together I have over 1,700 pips of current open profit across 7 of the 8 pairs I trade! Of course it's much too early to tell, but it looks good as far as April being a profitable month for me with FPM.

Here are the details for March's results:

26 trades total

12 wins: 1,672 pips
14 losses: 803 pips

Total pips: +869

46% win rate
Avg win: 139 pips
Avg loss: 57 pips

Avg Risk/Reward ratio: 2.43 to 1

Here are the results by currency pair:

USD/CHF 2W, 2L +337
EUR/JPY 2W, 0L +228
GBP/JPY 1W, 2L +186
EUR/USD 1W, 2L +128
USD/JPY 1W, 1L +70
GBP/USD 3W, 2L +41
USD/CAD 2W, 2L (-24)
AUD/USD 0W, 3L (-97)

Here are the results so far for 2011:

January (-35)
February (-334)
March +869

That's a total of 500 pips so far for 2011, or an average of 166 pips per month.

I hope your March was as profitable as mine, and here's to an even more profitable April and balance of 2011!

For more information regarding Forex Profit Monster (and my day trading system Forex Day Monster), visit my website www.forexprofitmonster.com. To purchase either system (or both) at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - February 2011

So far 2011 has been off to a very slow start, at least on the 4 Hour chart. There's been a lot of ranging, a lot of false breakouts, and a lot of world events that are lending a helping hand to the indecision in the markets. The good thing is that while February was another losing month, the loss was another small loss, this time of (-334) pips.

Many ask how I can continue to trade during times of loss. The answer is, if you're going to be a trader, you have to learn how to cope with losses. Losses in trading are a cost of doing business. The inability to cope with loss in trading is a serious psychological flaw. It's when the losing trader gives up on a profitable system and goes in search of the "Holy Grail". And this usually happens right before the trades that offset the losses and provide the new profits begin.

All trading systems have losses... the most important thing is that the system profits over time. And as you can see from the graph above, I'm well into profit since I started trading FPM live in 2007, and the current "drawdown" of just a few hundred pips can't really even be seen. Why would I give up on it now? This ranging can't go on forever... and the longer it does, the larger the breakouts and the longer the trends will be once they begin!

As of the writing of this post I have a few trades open and in profit, including one on the EUR/USD that has been open since mid February and is currently over 350 pips in profit. This means that even though the cash value of my account is in a drawdown, my equity is actually at a new high.


Here are the totals for February across the 8 currency pairs I trade on the 4 Hour chart:

29 total trades
9 wins: 847 pips
20 losses: 1,181 pips
Total: (-334) pips

Win rate: 31%
Avg win: 94 pips
Avg loss: 59 pips
Avg R/R: 1.59 to 1

Here are the results by currency pair:

GBP/JPY 2 W, 0 L +274
USD/CHF 2 W, 0 L +224
USD/JPY 2 W, 1 L +174
AUD/USD 2 W, 3 L (-69)
GBP/USD 1 W, 3 L (-153)
USD/CAD 0 W, 4 L (-184)
EUR/JPY 0 W, 5 L (-289)
EUR/USD 0 W, 4 L (-311)

Here are the results so far for 2011:

January (-35)
February (-334)

Total: (-369) or an average of (-184) pips per month.

Here's to great trading, and may the pips flow into your account!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - January 2011

It's off to a slow start for 2011 as January was basically a "break even" month. While technically it was a loss, the loss for the entire month was only (-35) pips which is less than the spread on the trades taken since there were 31 trades in January. Any time I can finish the month in the negative and have that negative be less than the cost of placing the trades I don't really think of it as a losing month :-)

While January was basically a "flat" month, I have already closed out a couple of profitable trades of more than 100 pips each in February, and I also have over 350 pips of open equity as of the writing of this post, which makes February a positive month so far. It's too early at this point to know how the month will play out, but it's always nice to be in the positive!

Here are the results for January:

31 total trades

7 wins: 1,708 pips
24 losses: (-1,743) pips

Win rate of trades: 22.5%
Avg win: 244
Avg loss: 72
Avg risk/reward: 3.38 to 1

The results by currency pair:

EUR/USD 2 W, 0 L +566
EUR/JPY 1 W, 2 L +118
USD/CHF 1 W, 1 L +95
GBP/JPY 1 W, 3 L (-35)
USD/JPY 0 W, 3 L (-120)
USD/CAD 0 W, 5 L (-190)
AUD/USD 1 W, 5 L (-208)
GBP/USD 1 W, 5 L (-261)

For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com. To purchase, click on "Purchase" on the website, or visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Thanks for checking out the January results, and best of luck in your trading!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/

Forex Profit Monster Results - December 2010 and Yearly Results for 2010

Even though I may be a week late by the time I got around to writing this post, let me wish you a Happy New Year!

The end of a year always provides the opportunity to look back over the past year (and sometimes even further) to evaluate things... and that's what I've been doing recently with my trading with FPM.

First conceived and developed by me in 2006 and first traded live in 2007, this system is now heading into its 5th year as my primary trading system. You can see from the graph above that I've had a lot of success with FPM since the start... and if you'd like you can read about my month to month experience and results by going back to the beginning of this blog which I started in January 2008, just a few months after I began trading with FPM. There are very few trading systems available with this type of transparency... no curve fit back tests... no "look at this one trade" screen shots... just my personal month to month results (winning and losing) for anyone to see and decide if they want to use FPM in their own trading.

The end of a year is also a very telling time for a trading system as yearly results are the industry standard for judging trading systems and money management firms. Monthly results are nice to follow, but with the changes in price cycles and trends anyone can get lucky for a month (or even a few months). There just isn't enough data in the few trades generated in a single month to give you a good idea of overall performance. However in 2010 I passed some milestones with FPM... not only did I surpass the industry benchmark of a full 3 year track record, but also surpassed 1,000 trades with FPM last year. (While 1,000 trades may not be a huge sample, remember this is LIVE FORWARD TRADING... not back testing. There's a world of difference between the two, and live forward trading trumps any kind of back testing... no matter how much data you use or how many trades you back test!) The report card for 2010 is in... and even though it wasn't my best year of trading with FPM... it was still a very profitable year! I'll get to those results for the year just after the December 2010 results:

32 trades
13 wins: 2,076 pips
19 losses: 1,489 pips
Total: +587 pips

40 % win rate
Avg win: 159 pips
Avg loss: 78 pips
Avg Risk/Reward: 2 to 1

Here are the results for December 2010 by currency pair:

USD/CHF 2 W, 0 L +493
AUD/USD 4 W, 1 L +337
GBP/JPY 1 W, 2 L +318
GBP/USD 1 W, 1 L +102
EUR/JPY 2 W, 1 L +97
USD/CAD 1 W, 3 L +57
USD/JPY 1 W, 5 L (-113)
EUR/USD 1 W, 6 L (-698)

Here are the results for the year 2010:

January: +823
February: +669
March: +434
April: (-446)
May: +4,597
June (-1,870)
July (-185)
August +903
September (-1,737)
October +1,717
November +901
December +587

The win rate of months for the year 2010 was 66%

8 winning months for 10,631 pips
4 losing months for 4,238 pips

Total pips won: +6,393
Average: +532 pips per month

Here's a graph of yearly performance from 2007 to the end of 2010:


These results translated into a 37% increase in my account in 2010.

What will happen in 2011? No one knows... but I'm confident that after the results I've had with Forex Profit Monster over the past 4 years that if I follow the trading plan and manage my money properly (as instructed with the information that comes with FPM), I will continue to add to my profits in 2011 and beyond!

For more information about Forex Profit Monster (or my day trading system Forex Day Monster), visit the website at www.forexprofitmonster.com. To purchase, click on the "Purchase" tab in the menu at the top of the website, or visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/.

Thanks for reading and all the best to you, your family and friends in 2011!

Jim
www.forexprofitmonster.com
http://myworld.ebay.com/jimsgr8stuff4less/