As you might expect, I'm very
pleased with this month's
performance. At +42% for the
month it is not only the best
performance that I have returned
since commencing these reports,
but to make it all the sweeter, I
was away on holiday all
month! Isn't
automation wonderful!
For those reading these reports
perhaps for the first time, let me
briefly explain that I was trading
manually up to Aug 2004, but since
then all my trading is done by my
computer servers without any
manual trading intervention from
me. Apart
from some reliability issues in
the first year things have gone
very well (I think the performance
speaks for itself), although I did
have some frustrating losses
associated with
downtime. Now I
have servers in both Australia and
the US that do my trading (using
my own programs, of course) and
the reliability issue seems to be
resolved.
BTW, although my servers are
monitoring and trading the markets
24 hours a day, I personally
do not look at the markets
realtime at all. I just
check my balances and control logs
once a day - and that can be done anywhere
where there is an internet
connection. As Ed
Seykota once said, looking at the
markets realtime is like having a
slot machine on your
desk. Like him, I
don't want to be constantly
championing my current positions
and prefer my freedom much too
much for that.
My ADPR is now up
over 0.80% per day for the whole
of 2005. While
I'm obviously not going to crack
the 1% a day mark this year, I still
think it's a realistic goal for
the future, particularly since two
of my individual methods are
running in excess of that figure
anyway.
Once again, for new readers
that may not be familiar with the
significance of this, take a look
at my Compounding
Page.
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
A wonderful
month's performance!
I
think the days may be
numbered here.
I've actually got much
better systems waiting to
get a chance of
inclusion. One
more month I suspect.
Brilliant!
This is doing much better
than AUD/JPY above, and fast
catching up capital-wise.
Maybe I'll publish the
comparison chart sometime
Enough;
no more! Obviously
either my analysis was
faulty, or things have
changed. Since
I've been consistently
removing capital out of this
account as the performance
slid into oblivion, it
really doesn't matter, but
it is a shame as I
sincerely would like to have a
profitable EUR/USD system
under my belt - next time
perhaps.
For those who are
interested the FX Thoughts
section has been expanded this
month.
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