Thursday, 14 August 2008

Day 4 - The horror of it

Hi All,

I am super busy tonight so its a very quick update! Tommorrow I will get more added.

I sent an email to the author of Forex Auto Pilot who stated that FAPS makes 96% of winning trades. He informed me that the large negative open trades were normal and could stay that way for weeks. Having a look at the backtesting you can see this to be the case. He mentioned I should stay patient, and also thought the dollar would weaken shortly.

AFTER he said that, the USD gained more strength and now my total open positions hold a negative value of 850pips - waaaaaaaaaaa

Still I am patient - it is only money.

Bogie hasnt performed great since, it made a loss of 113 pips. Still, it is still UP though be it by about 10pips.

I am currently running some massive backtests using optimisation on GBP/USD.. only 1 million runs left for it to do.

More info tommorrow with screen shots again. ( Busy praying to the trading gods the US weakens... at least until I get rid of the negative open positions ).

Peter

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