Forex Profit Monster Results 2013 3rd Quarter

*********************************************************************************
(The portfolio of currency pairs being traded on the 4 Hour chart with Forex Profit Monster consist of:

EUR/USD, USD/CHF, USD/JPY, GBP/USD, USD/CAD, EUR/JPY, AUD/USD, GBP/CHF, AUD/CAD.

This portfolio will remain the same each quarter unless stated otherwise.

All results INCLUDE transaction costs... THIS IS REAL LIVE TRADING so all costs, spreads, slippage, interest rate swap, etc... are included in the results.)
*********************************************************************************


The 3rd quarter of 2013 was actually a profitable quarter... even though the equity graph posted below doesn't look like it.  One of the unfortunate things about mark to market accounting is that you are accounting for ALL value in the account, including open equity, so an equity curve of an account balance can be deceiving.  Q3 was a quarter where some of the trends came along toward the end of the quarter and were not closed out but carried over into Q4.  This makes the account balance curve look like it's still in a drawdown even though the fund is at new equity highs:

Here are the stats for Q3 for Forex Profit Monster:

3rd Quarter: + 4.33%

104 total trades - Win rate: 30.39%  

Max Drawdown: 17.26%  Average Risk/Reward ratio: 2.17 to 1

Some things of note... even though the win rate was about the same as Q2, the returns weren't as big because the average risk/reward ratio was smaller.  In "human english" for those not as experienced in trend following it just means the trends were there... they just weren't as strong/large/long during this time period.

Here is an equity curve for the first three quarters of 2013:

This equates into a total growth of 25.89% for the first three quarters of 2013.

In the next post I will provide the results for the 4th quarter and the blog will be up to date until the first quarter of 2014 comes to a close!

Thanks for following along and best of luck in your trading!

For more information about purchasing Forex Profit Monster for your own trading (and also my daytrading system Forex Day Monster), visit my website at www.forexprofitmonster.com.  Or you can visit my eBay page (http://www.ebay.com/usr/jimsgr8stuff4less) where I list one or two systems per week at a discount off the regular price on the website.

Jim

www.forexprofitmonster.com