Welcome back Meta-Traders.2011 continued in fine fashion this week with solid performances from nearly all systems. I also had a great week in the equity markets rolling out to 2 year highs. Before we do the numbers, its clear that this pace is un-sustainable. We may end up giving it all back with many, many months of painful drawdown. That's why its important to keep a long-term perspective. Enough with the emotional moderation, let's do the numbers.
By the way, I did have to endure some nasty winter conditions this past week and shovel snow, but its not me in the picture.
The star of the week was Atinalla #1 Live which had a spectacular performance picking up over 550 pips for the week. All 3 systems which compose the portfolio contributed, but the star performer was clearly Teyacanani. Check out the way it went short on EUR/USD on Monday and took about a 45 pip loss. 3 bars later, it turned around and went long EUR/USD and rode it for a spectacular profit. That shows the power of Teyacanani and how it can change directions very quickly.
Next up is Atinalla #3 which gained 163 pips on the week and is now up a solid 10.05% for the year. Also up solid was Atinalla FE which picked up 200 pips for the week.
Next up was FX-Regression Demo which picked up 85 pips on the week and won 7 out of 8 trades. I decided to bag the God's Gift Duo live and started trading FX-Regression live in that account starting Wednesday. It was profitable on 3 out of 4 trades and I have high hopes for it going forward. A 10-year simulation showed an annual return of almost 50% with a maximum drawdown of 22%.
The rest of the systems put in performances which were less than noteworthy. My 3 new live accounts are now funded at Forex.com and ready to trade. Here's what i'll be doing this next week:
- FXDD Twin Scalpers will be converted to the Atinalla #4 portfolio live.
- Forex.com new account #1 will trade Atinalla #3 live
- Forex.com new account #2 will trade the Sapaq portfolio live.
- Forex.com new account #3 will trade Atinalla FE live.
Check back next week for the first week of live results and enjoy your weekend.
Hey Chris,
ReplyDeleteIts nice to have some really excellent results for once. I was shocked about Teyacanani for the past two weeks. I can't believe how well it has done. Like you say, expect to give some back...
I wish I had gone live last week, but I am not complaining because this week it performed well. TigerTail/Mover3 was off to a great start but then Tiger Tail decided to give back some of the profits at the end of the week. I was disappointed but still in the positive as Mover3 was really kicking it in this week as well and I was pleased with its performance.
Not bad for starting off the new year.
JT
JT-
ReplyDeleteThanks for the comment. I agree its shocking, its almost like making a profit was the last thing we expected!
I agree Teyacanani has been amazing. The other systems in the portfolio contributed as well, and all together picked up about 550 pips which was nearly the entire week's range in EUR/USD!
Looking at a weekly chart of EUR/USD, the PIP ranges have been as low as the 140's and as high as 640 in the past 10 years. So at 550 pips, that's a fairly big range, not at all typical, but certainly good conditions for these systems.
Take care bud.