Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...
Date: Thur, Jan 10th 2008
Time: 10:15am New York Time
Performance Update:
Starting Balance: 25k Demo-Acct
Current Balance: 25,196.55
Current Equity: 18,735.19
Gain: +377 pips
Loss: -153 pips
Total pips earned: +224 pips
Number of trades: 6
Number of wins: 4
Number of losses: 2
Consective wins:3
Consective losses:0
Interest Earned:$-30.24
COC:0
Largest Gain on a single trade:+213 pips
Largest Loss on a single trade:-100 pips
Largest Peak to Valley DrawDown: -1328 pips
Today's Trades:
Closed Out: Hedge Trade: Sell AudCad .8845 at 8945: -100 pips
Closed Out: Hedge Trade: Sell ChfJpy 98.43 at 98.40: +3 pips
Comments: My backtested hedge trades are not working out as planned and I have three more hedge trades open atm. They are all under water in a major way. Will keep you up to date on the trades, most likely the stop-loss will get hit today or tomorrow, its very close. If these last three hedge trades all get hit then all hedging will come to a stop until better backtesting and forward testing on hedging can be conducted. As for the Balance Point Trades, everything is doing fine.
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Titan