Forex Profit Monster Results - September 2012 and 3rd Quarter

The September results are in, and once again there is a recurring lesson to be learned.  After two losing months in July and August, September is not only a winning month but wipes out the past two losing months and then some.  With September's win of 1,103 pips, that gives me a total of +62 pips for the 3rd quarter of 2012.

Some would read that last sentence and say, "Big deal, you mean you traded 4 Hour charts for 3 months and all you won was 62 pips... why bother???".  

If you find yourself thinking this way then you have A LOT of work to do as a trader.  The point isn't that I made 62 pips across 3 months, the point is I WAS PROFITABLE AT ALL.  To be honest, at this stage of my trading I don't really even think about how much I win or lose anymore.  I focus on my process (following my predetermined trading plan including my exit signal) and let the profits accumulate as they may.  I know from testing my system (and also trading it live for several years now) what to expect over the long term and I don't let any minor setbacks derail my thinking or my actions.  

As a trader this is the stage that you need to advance to if you want to become profitable for the long run.  There are going to be losing periods and you can't let these periods shake you out of your process.  Even if you're trading a system that will give you a "perfect" 45 degree equity curve, there are still going to be drawdowns.  If you backtest a system and see a 45 degree equity curve over several hundred trades, that doesn't mean there aren't negative portions of that curve.  If you look at the equity curve with the same inputs in a Monte Carlo simulator for a smaller number of trades (say 20 or 30 trades instead of several hundred) you could even see equity curves that look like mirror images of your "perfect" 45 degree curve that you would never want to trade because they look like they're making you go broke.  When this is happening in real time "live" trading you have to remember that these times won't last and if your system is robust and you are seeing the same types of forward results you saw in your backtesting then you just have to keep focusing on your process until the losing period ends and you catch the wins that will pull you out of your drawdown.  I believe I've shown this fact in "real time" over the past 5 years on this blog... and I've also seen the profit accumulation in my trading account... that's what keeps me going during losing times.

On to the details about September's results...  let's start with the equity graph updated for the 3rd quarter:

As you can see, not much positive gain for the 3rd Quarter, but no drawdown either.  Since I've started graphing the equity curve by quarter instead of by month there have been fewer drawdowns showing in the curve and I've recovered from them more quickly.  That's another lesson to remember... the higher the time frame, the less volatility that will show in your trading.  This is true in both the time frame you trade and the way you track your results... you need to ride out the small losing periods and stick to your game plan!

Here are the results for September on the 4 Hour chart across the 8 pairs I trade with Forex Profit Monster:

27 trades total

13 wins:  1,890 pips

14 losses:  787 pips

Total: + 1,103 pips

Win rate:  48% 

Avg win:  145 pips

Avg loss:  56 pips

Avg risk/reward:  2.58 to 1

And the results by currency pair for September:

EUR/USD  2W, 0L  +520

USD/CHF  3W, 0L  +349

EUR/JPY  1W, 2L  +160

GBP/JPY  1W, 1L  +145

GBP/USD  1W, 2L  +142

USD/CAD  2W, 2L  (-70)

USD/JPY  1W, 3L  (-70)

AUD/USD  2W, 4L  (-73)

The results for 2012 so far:

January: +891

February: +206

March: +1,667

April: (-293)

May:  +1,640

June:  +2,209

July:  (-343)

August: (-699)

September +1,103

That's a total of 6,381 pips, or an average of 709 pips per month.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim

www.forexprofitmonster.com

Forex Profit Monster Results - August 2012

It's not very often that I see 2 losing months back-to-back, but that's what August brought to me.  The bad news is that I closed out the month of August losing 699 pips, but the good news is that I caught some great trends toward the end of the month and carried about 1,900 pips of profit in open equity into September.  As long as there aren't any large spikes in volatility this should be enough to wipe out the drawdown that I entered into at the end of June and should keep me from showing a loss for the 3rd quarter of 2012.  Of course I won't know until the month of September is closed out and the pips (and money) are "realized".

Here are the results for the 4 Hour chart in August:

27 trades
  6 wins:    517 pips
21 losses: 1,216 pips

Total:  (-699) pips

22% win rate
Avg win:  86 pips
Avg loss:  58 pips
Avg risk/reward:  1.48 to 1

And the results by currency pair:

GBP/JPY  1W, 1L  +79
USD/CAD 1W, 2L  +62
AUD/USD 2W, 1L  +58
EUR/JPY  1W, 2L  (-40)
GBP/USD 1W, 2L  (-93)
USD/JPY  0W, 5L  (-151)
USD/CHF 0W, 4L  (-289)
EUR/USD 0W, 4L  (-325)


The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)
August: (-699)


That's a total of 5,278 pips, or an average of 659 pips per month.

In a couple of weeks I'll post the September results and of course the end of September means the end of the 3rd quarter, so I'll have an updated chart of the overall equity.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim
www.forexprofitmonster.com

Forex Profit Monster Results - July 2012

There's nothing like a vacation to get you to clean up all the work you're behind... and since I'm leaving for the beach tomorrow morning for a vacation I wanted to get the results blog up to date.

After a big winning month there's always a time for some ranging before price establishes direction again, and July was no exception.  It was a small losing month, which I've come to expect after those large 2,000+ pip wins like I saw in June.

Here are the July results on the 4 Hour chart for the 8 pairs I trade:

35 trades
12 wins:   1,056 pips
23 losses: 1,399 pips

Total: (-343) pips

34% win rate
Avg win:  88 pips
Avg loss: 60 pips
Avg risk/reward:  1.46 to 1

And the results by currency pair:

EUR/JPY  2W, 1L  +251
EUR/USD 1W, 3L    +58
USD/JPY  1W, 2L    +46
USD/CHF 1W, 3L     +1
USD/CAD 2W, 3L  (-66)
AUD/USD 2W, 3L  (-81)
GBP/JPY  2W, 4L  (-195)
GBP/USD 1W, 4L  (-357)

The yearly results so far in 2012:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  +2,209
July:  (-343)

That's a total of 5,977 pips, or an average of 853 pips per month.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim
www.forexprofitmonster.com

Forex Profit Monster - June Results - 2nd Quarter Results

As you can see from the updated graph above, it's time for the 2nd Quarter results for 2012 (and of course the June results) for Forex Profit Monster.  (Actually the results are overdue, but I've been so busy that I haven't had time to update the blog).

The one thing you'll notice about the equity curve pictured above is how much smoother it is since I've started tracking it quarterly instead of monthly.  This is a lesson for those of you who are impatient... while I've changed nothing at all about the trading system or the way I trade it, the drawdowns now look almost nonexistent.  Just by spreading the data out over time the equity curve smooths itself out.  Something to think about if you find yourself getting upset and angry after a losing month (or even a losing trade)!  If you are trading a system with an edge if you are consistent and patient over time you will profit.

Here are the results for June:

31 trades
10 wins:  3,105 pips
21 losses:  806 pips

Total profit: + 2,209 pips

32% win rate
Avg win:  301
Avg loss:  38
Avg risk/reward:  7.92 to 1

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

EUR/JPY   2W, 2L  +777
GBP/USD  1W, 2L  +687
GBP/JPY   1W, 3L  +605
USD/CAD  1W, 3L  +333
AUD/USD  2W, 1L   +68
USD/JPY  3W, 2L   (-47)
USD/CHF  0W, 4L  (-105)
EUR/USD  0W, 4L  (-109)


The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640
June:  2,209


As for the 2nd Quarter of 2012, it was a good one!  A total of 3,556 pips were added during the months of April, May and June.  That brings the total for 2012 to 6,320 pips and the all-time total to 63,190 pips since I started trading the system in the Fall of 2007.

That's it for now... I'll post the totals for July in the next few days.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading...

Jim
www.forexprofitmonster.com

Forex Profit Monster Results - May 2012

I've been trading long enough now that I've become very comfortable with Forex Profit Monster.  I designed this system in 2006 and started trading it live with real money in 2007.  In the past 5 years I've seen the cycles that the market and this system goes through... but the month of May showed me another "first" for this system... I had some pairs that I didn't take a single trade on for the entire month.  The reason for this is that trades opened in April carried all the way through the month of May and into June with positive open equity and no exit signal.  While this may be a common occurrence for trading a Daily chart, it's the first time I've seen it happen on the 4 Hour chart.  I also consider it a "harbinger" of things to come... if you study markets and believe in fractals and wave theory then a move like this is most likely setting up for the higher time frames (Daily and Weekly).  I'm currently carrying close to 3,000 pips of open equity into June, so it looks like another good month of trading with FPM next month as well!

Here are the results for May 2012 on the 4 Hour chart:

8 total trades
4 wins: 1,890 pips
4 losses:  250 pips

Total:  +1,640 pips

50% win rate
Avg win:  472 pips
Avg loss:   62 pips
Avg risk/reward:  7.61 to 1

And the results by currency pair (I've listed the open equity on the pairs that didn't have any trades in May, this amount was not included in the profits for May but is being carried forward from April into June):

EUR/USD  1W, 0L  +732
AUD/USD  1W, 0L  +541
USD/CHF  1W, 0L  +533
USD/CAD  0W, 1L  (-58) (plus +450 in open equity)
USD/JPY  1W, 3L   (-108)
GBP/JPY  No Trades (+800 open equity)
EUR/JPY  No Trades (+800 open equity)
GBP/USD No Trades (+700 open equity)


The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)
May:  +1,640

That's a total of 4,111 pips for 2012 so far, with an average of 822 pips per month.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Jim
www.forexprofitmonster.com

Forex Profit Monster Results - April 2012

April 2012 was a "ranging" month, to be expected after the nice start to the year.  Some small wins, some small losses... all adding up to a small losing month, the first losing month of the year.  The nice thing is that during the month of May several large trends began on a few of the pairs and I'm currently carrying an equity profit of over 1,500 pips which is almost a guarantee of a very profitable May (as long as the trades close out in the next week or so)!

Here are the results for April:

36 total trades
12 wins for 1,172 pips
24 losses for 1,465 pips

Total for April (-293)

33% win rate
Avg win: 97
Avg loss: 61
Avg risk/reward: 1.59 to 1

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

GBP/JPY  2W, 0L  +259
EUR/JPY  2W, 1L  +143
GBP/USD 1W, 3L   +36
EUR/USD 2W, 2L  (-21)
USD/JPY 1W, 3L  (-98)
USD/CHF 2W, 3L (-143)
AUD/USD 1W, 5L (-188)
USD/CAD 1W, 7L (-282)

The yearly results and total so far:

January: +891
February: +206
March: +1,667
April: (-293)

That's a total of +2,471 pips and an average of +617 pips per month.

For more information regarding purchasing Forex Profit Monster (or my day trading system Forex Day Monster), please visit the website at www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

I got a question this month through the blog about the MT4 platform slowing down and freezing while using FPM and FDM.  Unfortunately the MT4 platform is a "memory hog" and this is almost always a RAM issue with the computer being used.  The lower the time frame you are trading the more of an issue this becomes.  The only remedies are:

1.  Use fewer active charts on your platform.  You can always use one chart and "drag" the new currency pair you'd like to see into the chart from the navigator window instead of running several charts at once.

2. Trade a higher time frame that requires less of your computer's memory resources (combined with fewer charts this is even more effective).

3.  Upgrade to higher RAM for your computer.

Thanks for visiting the results blog and best of luck in your trading!

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

Forex Profit Monster Results - March 2012

Time for the March results (and quarterly update) for Forex Profit Monster. March was a great month with over 1,600 pips of profit realized, mostly from Yen pairs that had entered into sustained trends in February.

Here are the results:

33 total trades taken

14 winning trades: 2,752 pips

19 losing trades: 1,085 pips

Total profit: + 1,667 pips

42% win rate

Avg win: 196

Avg loss: 57

Avg risk/reward: 3.43 to 1

Here are the results by currency pair as traded on the 4 Hour chart:

GBP/JPY 2W, 1L +726

EUR/JPY 3W, 2L +620

USD/JPY 2W, 1L +461

EUR/USD 2W, 1L +67

USD/CHF 2W, 1L +60

GBP/USD 2W, 1L +28

AUD/USD 1W, 4L (-73)

USD/CAD 0W, 6L (-222)

The month of March ends the first quarter of results for FPM, and all three months were positive; with January posting an 891 pip gain, February added 206 pips, and March 1,667. That's a total of 2,764 pips for the first quarter of 2012, and a grand total of 59,634 pips since I started trading Forex Profit Monster live in the 2nd quarter of 2007. (You can see a graph on the performance since 2007 at the top of this post.)

For more information regarding purchasing Forex Profit Monster (or my daytrading system Forex Day Monster), visit www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Thanks for reading the results blog for Forex Profit Monster, and best of luck in your trading!

Jim

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less

Forex Profit Monster Results - February 2012

February was a fantastic month for trading with Forex Profit Monster! Not only was February a winning month again with a profit of over 200 pips, but the great news is there were 3 trades caught in the beginning of the month on Yen pairs that stayed open throughout February and carried into March with a total of more than 1,800 pips in open equity! That virtually guarantees a profitable March, which means all 3 months in the first quarter of 2012 will have been winners. A much better way to start 2012 than 2011 when the year started with back to back losing months.

Here are the details for February on the 4 Hour chart:

20 total trades

8 winning trades: 864 pips

12 losing trades: 658 pips

Total profit: +206 pips

40% win rate

Avg win: 108

Avg loss: 54

Avg risk/reward ratio: 2.0 to 1

And the details by currency pair:

EUR/USD 3W, 1L +347

AUD/USD 1W, 3L +267

USD/CHF 2W, 0L +140

GBP/USD 1W, 4L +109

USD/JPY 1W, 0L +1

GBP/JPY 0W, 0L (0) (1 trade taken, not closed in Feb)

EUR/JPY 0W, 1L (-72)

USD/CAD 0W, 3L (-109)

Here are the yearly results so far:

January +891

February +206

That's a total of 1,097 pips so far in 2012, and an average of 548 pips per month.

With next month's post of the March results I will include a new graph of the overall performance of FPM since I began trading it live in 2007.

For more information regarding purchasing Forex Profit Monster (or my daytrading system Forex Day Monster), visit www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Thanks for reading the results blog for Forex Profit Monster, and best of luck in your trading!

Jim

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less

Forex Profit Monster Results - January 2012

Finding the time to transcribe my FPM trading results lately has been tough. It's not that I've been losing (which we'll get to in a minute... a special "hello" to those of you who continue to email me hoping that I'm not still seeing success trading with FPM), but that I've been extremely busy. I've been busy day trading, which has been offering up a lot of great opportunities lately, even though I've had to actually manage some of the trades for more than a day. I've also been busy working on a new trading course that goes more in depth into the areas that traders need to work on to become successful... more on this as it becomes available.

Because I know it's important I've forced myself to sit down on a beautiful 70 degree Saturday to update the past couple months of results as I just don't get much time during the trading week anymore.

The month of January was an "above average" month for FPM, showing me a total win of 891 pips. This was a great way to start 2012, and some equity from open trades from January carrying into the next month gave me a good start to a profitable month for February as well. Here are the results for January:

25 total trades

12 winning trades: 1,802 pips

13 losing trades: 911 pips

Total profit: +891 pips

48% win rate

Avg win: 150 pips

Avg loss: 70 pips

Avg risk/reward ratio: 2.14 to 1

Here are the January results by currency pairs traded on the 4 Hour chart:

EUR/JPY 2W, 0L +532

GBP/JPY 2W, 1L +311

EUR/USD 1W, 0L +162

USD/JPY 2W, 2L +50

USD/CAD 1W, 3L +19

USD/CHF 2W, 4L (-5)

AUD/USD 1W, 1L (-7)

GBP/USD 1W, 2L (-171)

Of course this being the first results of 2012, they're also the yearly totals... +891 pips.

Remember that I'm also only updating the overall pip totals now once per quarter. A new graph will be posted with the March results.

For more information regarding purchasing Forex Profit Monster (or my daytrading system Forex Day Monster), visit www.forexprofitmonster.com or my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Thanks for reading the results blog for Forex Profit Monster, and best of luck in your trading!

Jim

www.forexprofitmonster.com

http://myworld.ebay.com/jimsgr8stuff4less

Forex Profit Monster Results - December 2011

Here it is... the new equity curve for Forex Profit Monster. As mentioned in previous posts, the software that I use to plot the equity curve has a limitation of the number of data points you can use, and as of a couple of months ago that limit was reached. I decided to recompute the curve on a quarterly plot instead of monthly so that I can continue to post the curve on the results blog using the same software.

The funny thing is, the difference in the equity curve can teach a lesson as far as trading discipline is concerned. Look at the graph above and compare it to the last monthly graph:

Do you see how the drawdowns are more noticeable in the monthly graph than the quarterly graph? While technically the information is exactly the same, it shows that seen over a longer time frame the same results seem less volatile. While many small drawdowns can be seen in the monthly graph (every time there is a losing month there is a drawdown in the graph)... there are hardly any visible in the quarterly graph. The only one of any relevance at all is in Q3 of 2010... and even that is extremely small and lasts for only that quarter. Want to take it to the "next level"? Here's a graph of the yearly results:

See how there are NO drawdowns in the yearly results at all?

So what lesson is to be learned here as a trader? With a viable trading method that has a positive expectancy, you CAN'T allow the results of single trades (or even single weeks or months worth of trades) to cause you to lose your focus. If you become undisciplined because you have a losing streak or enter a drawdown, you may miss out on the profits that will help you to overcome the losses. You must keep focused on the "big picture"... or making money over time. Days, weeks, or even a couple of months of losses in a row don't mean anything over the long haul.

With that covered, here are the results for December:

29 trades total

11 wins: 1,251 pips

18 losses: 1,158 pips

Total pips: +93

37% win rate

Avg win: 113

Avg loss: 64

Avg risk/reward ratio: 1.76 to 1

Here are the results by currency pair on the 4 Hour chart:

AUD/USD 2W, 1L +268

EUR/USD 2W, 1L +239

EUR/JPY 1W, 0L +195

USD/CAD 2W, 1L +137

USD/CHF 1W, 2L +42

USD/JPY 0W, 5L (-118)

GBP/JPY 2W, 3L (-126)

GBP/USD 1W, 5L (-544)

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

November +1,286

December +93

That's a total of 9,046 pips in 2011, and an average per month of +753 pips. 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 system (or both) at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading!

Jim

www.forexprofitmonster.com

Forex Profit Monster Results - November 2011

So the holidays are over and it's the start of a new year! This post includes only the November results because I'm just getting around to transcribing my trading logs and posting the results from November. I've been enjoying some downtime over the past several weeks... but I'm taking some time on a Sunday morning to catch up on some of the more "clerical" aspects of my trading that I can procrastinate.

I've also spent some time over the past couple of weeks reviewing the data from the past few years and reorganizing it from monthly data points to quarterly. Beginning with the December results I'll start posting a new equity graph using the quarterly results instead of monthly results. (While I'll still post monthly results here on the blog, the graph will only be updated each quarter).

November was a very good month for Forex Profit Monster with an overall profit of 1,286 pips. Here are the overall results of the 8 pairs I trade on the 4 Hour charts with FPM:

20 trades total

10 wins: 2,104 pips

10 losses: 818 pips

Total pips: +1,286

50% win rate

Avg win: 210 pips

Avg loss: 81 pips

Avg risk/reward: 2.59 to 1

Here are the results by currency pair:

GBP/JPY 2W, 0L +586

EUR/JPY 2W, 1L +340

USD/CHF 1W, 0L +284

AUD/USD 1W, 1L +233

USD/JPY 1W, 0L +58

EUR/USD 1W, 1L +49

USD/CAD 1W, 3L (-91)

GBP/USD 1W, 4L (-173)

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

November +1,286

That's a total of 8,953 pips so far in 2011, and an average per month of +813 pips. 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 system (or both) at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less where I list one or two items per week at a discount.

Best of luck in your trading!

Jim

www.forexprofitmonster.com