How does the model
trade?
The model typically looks
for a 50-pip profit against a 30 to 50-pip adjusting stop loss. These
levels are determined by the model at the start of each new trading
week. The model has parameters that give it a cautious stance
overall, and there are typically just 1-2 trades per day. To cut down
risk, the model closes positions on Friday night before the NY close,
and the first trade in any week is the next signalled
trade.
When did live trading
begin?
Spotradar EUR/USD model has
been run live since January 2005, and GBPUSD have been trading live
since November 2006. In that time on EURUSD we have seen a maximum
number of 5 consecutive losing trades, and periods of 11 - 17
consecutive winners, on GBP USD we have had a maximum number of 5
consecutive losing trades, and several periods of 5-6 consecutive
winners.
What trading
results have been produced?
HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE
DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN
HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT
THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN
ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND
NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCCOUNT FOR THE IMPACT
OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO
WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN
SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY
AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS
RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY
SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
PREPARETION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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Summary of Live GBP/USD Trading Track Record
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Contact Nostradamus
for more information.
eMail
geoffgant@nostradamus.co.uk