Day Trading Service: 12-Week Performance Review

A brief recap. Below are the live day trading results since the launch back in February:

Week 1: +105 pips
Week 2: +25 pips
Week 3: +235 pips
Week 4: +210 pips
Week 5: +225 pips
Week 6: -10 pips
Week 7: -60 pips
Week 8: +210 pips
Week 9: -30 pips
Week 10: -40 pips
Week 11: -55 pips
Week 12: +225 pips

The system winning rates is around 65%. The total pips by the end of week 12 is +1040 pips. The system recorded three consecutive winning months (Feb -Apr): +365, +455, +45 pips so far -thus averaging +288 pips per month.

By the end of week 12, we had 7 winning weeks totalling +1235 pips and averaging +176 pips per week. 5 losing weeks totalling -195 pips and averaging only -39 pips per week. Based on these figures, the reward-to-risk ratio is a healthy (at least) 4.5 to 1 on the weekly basis. This will hold true as long as we can keep the average winning pips and simply have more positive weeks.

Once I have more statistics, perhaps I can perform a simple projection on the system earning potential. My system uses automated trade setups based on fixed entry and exit rules.

For your information, I have already running an additional system utilising the same trade setups from late April, which is aimed at finding better trade entries and exits. I will run a separate performance review for those trade setups too.

All of my trade setups can be found on the member site. I appreciate your kind and positive comments which help to keep me motivated all this long.