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