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.
Jim
www.forexprofitmonster.com
