Jan 2005 Report
 

 

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1st January 2005  – 31st January 2005

Overall performance

 

Well it's a brand New Year!  A fresh start; new dreams and new goals.  I also have to say, what a nice way to start!

Those that have followed some of my discussions on the OANDA forum, or read the Compounding page, will know that I am putting a considerable emphasis on 'Daily Average Percentage Return' (ADPR) this year.   I have therefore added a new chart to monitor its progress. 

As can be seen, my ADPR for the YTD has ended up at around 1.12% which, believe it or not, is the stuff of dreams!  If I could only keep this up, it would result in a return of over 1500% for the year, and take this re-based account to a million in less than 10 months!

Realistically, I cannot expect this to last, but that doesn't alter the fact that this ADPR figure is crucial in getting to where I want to get to, and even a modest improvement over last year will result in a very good trading year.

 

Individual components

The following charts show individual equity curves in percentage terms of the various trading components traded throughout the period.    The charts are from inception of each trading system. 

  Trade Components

Not the smoothest of equity curves, but a very reassuring performance.  I hope it continues. 

Still a tough one.  The spread being the killer
Awful!  I've been  so close to dropping this one, but I think I'll give it just a little bit longer.  My trading in this idea is presently quite modest.  
Plodding on!  

New Stuff

Since my main system is going so well, I've done my old trick of opening up a smaller sub-account to trade the same pair at higher, and riskier, leverage (This is a VHV account, and VHV stands for  Very High Volatility).  Maybe it'll crash and burn, but you don't know unless you try!
I've also added two new synthetics to my trading portfolio this month.  Spread costs are always a worry when trading synthetics, but this is partly compensated by the pairs being relatively unobserved, which I tend to think is an advantage.

Dropped during Period

The main reason I dropped my yield play is because it was the only thing I was doing that wasn't automated, nor did it lend itself well to automation,  (it only trades once a week and then only to re-adjust exposure) and basically I thought it was ruining the 'purity' of my api work.

I have however kept it running in a second account, that I don't publish, and that is generally more conservative. This account had been running a bit longer and had run up to +200% in 76 days, and then dropped to +100% after 90 days. The thing is that's it's now back up to +190%, some 11 days later.

Seems like things just go in fads!

 

Continuation Charts

It is not my intention to publish these last two charts each month, however I've added them to this report to give a sense of continuity.  It's certainly rewarding to see the api development  (since the blue dot) paying off.
Actually, what's interesting in the wall chart is that it shows that this month I had my worst day's trading since I started this website.  However, this time, it comes from a much stronger base of consistent wins, and consequently was much easier to take.    
 

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