January 24, 2011
- in Uncategorized by schooloftrade
Automated trading system review on Gold and Crude Oil Futures
We had a challenging day in our live trade room this morning, so lets see how this fancy auto trader did in this choppy and sloppy market we saw today.
Lets start with Gold, one of our biggest movers for the autotrader.
We can see today’s results don’t look that impressive.
You can see we closed out that trade on Friday for a nice big winner, and then this morning this fully-automated trading system gave back the money it made last week.
We earn 85 ticks for a winner and it only costs me 30 ticks for a loss, so three losses you see cover the winning profit we made on Friday,
Here’s why we are always excited to see this strategy run…look at the long term number.
– Low drawdown
– Never over-trades
– 30 day profits at $5900 per contract (yes, this is ONLY 1 contract)
– We can have this hold overnight, or we can use less margin and exit on close, its up to me and my risk tolerance.
Looks like gold futures can handle anything the market throws at it…
But what about crude oil? We had tough trading on crude oil today, how did the auto trader perform?
I can see the crude oil got stopped out for a loss on the last trade from last week, and then this morning you can see a pretty quiet trading.
We are long from 87.66 waiting for our final target to be filled at 89.16.
Today’s results may not be too impressive, but remember we watch a lot more than today’s results to get more confident in using this auto trader.
Look how we have done over the past 30 days…
Don’t forget, we have a NEW version 1.4 being released this week which has a Lot more improvements….i know….why fix it? Hehe.
See you guys in the live trade room tomorrow @ 745am EST
