S.A.M week 4

Final week of the month on the Charity account, been a solid week a few scratch trades and small losses but some decent winners.

Finish the month just short of 51% growth, and its given this SAM strategy a strong start. The ammount raised for Plan International is now £1927.26. June unit size will be £1.17 per point for the first week.

MyFXbook charts below and final balance on Oanda. Will post up some charts of trades soon.

All the best

Limey

S.A.M week 3

Another positive week utilising this SAM strategy for the charity account. Growth now just over 35%. £1783.00 now raised for Plan International.

I did this week on occasions utilise a slightly different timeframe chart for entries based around the same methodology, and also ran live some of the ideas for optimisation.

I did auto enter a GJ trade with a limit, but didnt change my default paramater for stop!! , anyway took quite a hit due to this error, ended losing 90 pips, should have been half that, was having a fight with Oil at the time on my own account so wasnt paying too much attention, would have probarbly finished the week higher without this and not adversely affected my drawdown stats so much.

Also ran more multiple positions on different pairs and transferred another £150 from the other £750 to allow this with the 1:50 leverage. Now taken the £150 back out as no real need from the conclusions Ive drawn. I'll put in the other £750 in full after a few more months of ironing out the creases.

Getting close to finality, probarbly will take less trades than this week and have no more than a couple of open trades at once.

In terms of compunding  week 4 unit size will be £1.03 per point. (I wont revert back if I have a losing week, it just wont go up, otherwise compounded accounts can often tread water)

Overall pleased with things so far (apart from my errors!) % gain is way too high, the most important thing and the killer with compounded accounts can be the consistency, but so far so good.

All the best

Limey

S.A.M week 2

Been a solid second week for the S.A.M strategy for the charity account, now achieved just over 22% growth on Cap, taking the ammount raised for Plan International to £1666.00.

22% in 2 weeks is over double the minimum I hope to achieve with this strategy in a month, and strangely its still to have a losing day.

The fundamentals and criteria for entries/set ups are set but trade management I do need to crunch the numbers more, so will hopefully spend some time on that next week with some data work.

MyFX book somehow splits scaled out solitary trades into 2 seperate trades so the stats below the graph are off somewhat, perhaps it doesnt take into account Oanda tran codes, not sure.


It lists largest winner as £20.85 - this is only half of one trade, the highest should be £38.61. Attached a grab of the Oanda statement to show what I mean.

All the best

Limey

S.A.M week 1

As promised though a little late (sorry)the beginnings of the mechanical strategy Im running on the charity account.

The first week of May was the first week of the forward test/live trading.


Monthly target is 10% to be compounded weekly and left. Its been backtested quite extensively.


Trade management optimization as ever is tricky/pain in th a**.

Ive used half the balance (£1500.00) of the account, so £750 initially. The RR on some of the trades is solid, small stops with this. The targets will be larger than at present.

It works across the more lively pairs (cable, EJ, EU etc) and Ive been running it prior to my full trading day really kicking off early am UK time.


Heres the 1st week of the forward test (myfxbook documented, click images to enlarge) of what Ive imaginatively named SAM, lol. (semi automated mechanical)

Risk is no more than 2%.

1/1000ths pip unit size to account size as trade ammount e.g £750.00 = 0.75 unit equivalent per pip.

Weekly compounding, so this week 0.81 per pip.

Its still early days but am hopeful this is the answer to giving the account regular attention. If it isnt satisfactory then obviously I can donate a % of my own trades and document around that.

All the best

Limey