Performance Tracking
AUDITED TRACK RECORD - VERIFIABLE ACCOUNT STATEMENTS - TRADING REAL MONEY
Sunday 26 July 2015
Weekly forex outlook 26 July 2015
In this video, I talked about 2 trades that I closed on Friday as well as my analysis for AUDUSD, EURNZD, EURUSD and USDCAD for next week. There's a quick scan of the news calendar for next week and I finish the video with discussion about the live accounts that I have made public on my blog.
Friday 24 July 2015
New account added: High risk (Discretionary)
Good Friday everyone,
I have added myfxbook link to a 3rd trading account that I have. This account is for trades that do not meet all the requirements that I look for. I think of it as a way for me to release my trading urges and temptations. Trading requires a high level of discipline everyday therefore it 'feels' good to turn it down a bit at certain times.
I still use proper risk and money management for all of the trades taken on this account. There is a difference between the gain and abs gain because of deposits and withdrawals. This account is traded on MT5 therefore it couldn't be 100% verified by myfxbook. I will be discussing some trades taken on the high risk account if it falls under price action. I primarily trade price action but I do follow Elliot Wave Theory and take trades based on its principles.
Have a great weekend everyone.
Viet
I have added myfxbook link to a 3rd trading account that I have. This account is for trades that do not meet all the requirements that I look for. I think of it as a way for me to release my trading urges and temptations. Trading requires a high level of discipline everyday therefore it 'feels' good to turn it down a bit at certain times.
I still use proper risk and money management for all of the trades taken on this account. There is a difference between the gain and abs gain because of deposits and withdrawals. This account is traded on MT5 therefore it couldn't be 100% verified by myfxbook. I will be discussing some trades taken on the high risk account if it falls under price action. I primarily trade price action but I do follow Elliot Wave Theory and take trades based on its principles.
Have a great weekend everyone.
Viet
Tuesday 21 July 2015
Automated Trading System
Hi everyone,
I have added a second account dedicated to track performance of a simple trading system that I have been working on. The system is based entirely on price action and support resistance. It performed as expected using 4 years of out-of-sample data on 10 currency pairs so the next step is to forward test with real money.
Why do I do this with real money? Because only real performance with real money counts. Back testing and demo trading mean absolutely nothing. Only one thing matters in the space of professional trading: risk-adjusted performance. I inspire to become a fund manager therefore I will take the path that is required of me.
This account is completely automated and will be active 365 days a year. It has built-in risk management protocol to withstand volatility from most economic news. The aim of this account is to prove that the system is robust. Testing period will be 2 years. Expected annualized return of the system is 8% with standard deviation of 2.4%. Expected maximum draw down is 15% with standard deviation of 5.3%.
I would like to thank Adrian F. , Daniel S. , Mark M. and Richard D. for their contributions and feedback to the system. A special thank to Rene H. for his endless hours of coding and troubleshooting with me. Thank you all once again.
Regards,
Viet
I have added a second account dedicated to track performance of a simple trading system that I have been working on. The system is based entirely on price action and support resistance. It performed as expected using 4 years of out-of-sample data on 10 currency pairs so the next step is to forward test with real money.
Why do I do this with real money? Because only real performance with real money counts. Back testing and demo trading mean absolutely nothing. Only one thing matters in the space of professional trading: risk-adjusted performance. I inspire to become a fund manager therefore I will take the path that is required of me.
This account is completely automated and will be active 365 days a year. It has built-in risk management protocol to withstand volatility from most economic news. The aim of this account is to prove that the system is robust. Testing period will be 2 years. Expected annualized return of the system is 8% with standard deviation of 2.4%. Expected maximum draw down is 15% with standard deviation of 5.3%.
I would like to thank Adrian F. , Daniel S. , Mark M. and Richard D. for their contributions and feedback to the system. A special thank to Rene H. for his endless hours of coding and troubleshooting with me. Thank you all once again.
Regards,
Viet
Sunday 19 July 2015
Weekly Forex outlook 19 July 2015
Hi everyone,
I have been occupied with other forex projects this week and unfortunately I do not have time to make a weekly video.
Going into next week, I am looking for a pullback on USDCAD to 1.2800 level to enter long. With EURUSD, a daily close below 1.0820 would tell me that the recent (weak) uptrend since April of this year is over with a formation of a lower high on 17/6/2015 and lower low.
Regards,
Viet
I have been occupied with other forex projects this week and unfortunately I do not have time to make a weekly video.
Going into next week, I am looking for a pullback on USDCAD to 1.2800 level to enter long. With EURUSD, a daily close below 1.0820 would tell me that the recent (weak) uptrend since April of this year is over with a formation of a lower high on 17/6/2015 and lower low.
Regards,
Viet
Sunday 12 July 2015
Weekly Forex outlook 12 July 2015
In this week's video, I discussed my trade on AUDJPY as well as analysis for AUDUSD, AUDNZD, GBPAUD and GBPUSD.
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