Overall performance

Isn’t it wonderful when things work out? Up over 25% for the month! Actually this month has been interesting for me for several reasons. Firstly, and the most obvious I suppose, is that trading went very nicely. The encouraging thing is that now my account is beginning to get advantage from exponential growth. While I realize that this also opens up the account to increased volatility, it also opens the door to above average returns for the year if this performance can be maintained.

As you know I have closed a few losing accounts along the way, but taking a look at the components, you’ll see a number of these accounts have now started to really produce, with 4 running well over 100% for the year, and the rest in double figures.

The other exciting thing is that earlier this month I took on OANDA’s api, and have spent just about all my waking hours since in programming my trading methods. Right now my trading is limited by what I can physically analysis and trade. There’s simply not enough hours in the day to do all I want to do. With the api I can automate so much of what I do, and can then trade more frequently, more accurately and more intelligently.

I have given my initial thoughts on this at http://users.bigpond.com/morleym/Thoughts.htm - API

Individual components

The following charts again show individual equity curves in percentage terms of the various trading components traded throughout the period. The charts are from the beginning of reporting, or inception, with this month performance commencing from the vertical line.

For a change I thought I’d put up a wall chart of my consolidated trading this year. What this shows is the daily percentage change, plus or minus. As regular readers know I trade a variation the FFP money management method. Mine is actually a little more aggressive than the standard model when things are going well, and a little more conservative if things are going badly. Anyway, I think the chart just about shows that my daily volatility has increased a modest amount with recent good performance, without becoming overly scary.

It’ll be interesting to see this develop.

Trade Components

AUD/NZD: Have a look at the numbers on the left hand side. Yes; that is percentage gained this year! What is particularly interesting is the 2 charts that have ‘Reported PL’ and ‘PL’ on them. These are highly speculative accounts that could well blow. However the initial investment was very small which enables me to continue to go for it! If, and I have to say ‘if’, things continue to work out – this is where the big bucks will come from. If not, there will be another opportunity tomorrow!

Breakout Trading was pretty average this month

As too were these two baskets

Stopped during the month

Trading in the following pairs was stopped during the month due to uninspiring results

Finally I dropped this pair altogether. Maybe it’s the Iraq war or something, but this pair seems to be going from one extreme to the other and back again. I’ve given up trying to work it out.
For a long time I’ve been maintaining this account for analytical purposes only, as it follows (nominally trades) 16 different pairs. It’s been a lot of work each day, but the results have been invaluable for other accounts. Now I’ve got an api, I can do all this work automatically. Ah, bliss!

Under simulation

Shown here are a few of the methods I currently have in simulation.

GBP/USD: if I was still trading this pair I’d be pretty upset by now! A continuing portrait of a disappointment.
This started off as a $100,000 game account. Last look it was over $800,000! I hope those reading are motivated by this. Good things are possible!

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