With the spirit of innovation, the Fenghuang Trust Fund operates a research divisions called "Wealth Labs". This is a place where trading and investment strategies, money management and fundamental/technical analysis techniques are refined and perfected for consistent and safe ways to profit. Updates to this will be made as interesting articles form the basis for continued testing of new strategies.
FOR 2009-2010 PROJECT PENG ID 001
Initial deposit 10000.00
Total net profit 19059.32
Gross profit 114061.88
Gross loss -95002.56
Profit factor 1.20
Expected payoff 93.89
Absolute drawdown 951.46
Maximal drawdown 18615.09 (48.10%)
Relative drawdown 61.07% (18367.54)
Total trades 203
Short positions (won %) 106 (31.13%)
Long positions (won %) 97 (36.08%)
Profit trades (% of total) 68 (33.50%)
Loss trades (% of total) 135 (66.50%)
Largest
profit trade 6450.00
loss trade -2740.00
Average
profit trade 1677.38
loss trade -703.72
Maximum
consecutive wins (profit in money) 4 (7834.15)
consecutive losses (loss in money) 15 (-8298.77)
Maximal
consecutive profit (count of wins) 9621.23 (2)
consecutive loss (count of losses) -8782.92 (11)
Average
consecutive wins 1
consecutive losses 3
This is only by using an EA, in otherwords, this is trading using programs. Works well for GBP USD and EURUSD. If only I could find a filter for the ranging markets I'd be fine. With human intervention I'm sure that this script will do much much better.
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I've decided to start an excel spreadsheet, which lets me know historical ranges to calculate the percent chance the range of the past days were. This information is very useful for me because my current strategy requires a good idea of the range, allowing for better stop placement, take profit and recognizance of "odd" periods in the trading sessions.
