automated trading system review

Hi Guys, We had a busy week of trading in our discretionary accounts this week, but let’s see how our automated trading system has been doing. The past two weeks have been most challenging for ANY auto trader because of some fundamental reasons in the markets. Bottom line, auto traders have a hard time anticipating unusual price moves, and the last three weeks have been FILLED with them for various reasons…think about it. J Nonetheless, our auto trader held up WONDERFULLY! Let’s start with Gold Futures Gold earned $5270 over the past 90 days My goal is $1500 per contract per 30 days Monthly Average = $1,756.00 (per contract)

We took 132 trades in 90 days which costs me $660 in commissions, which is small price to pay for this auto trader to do ALL the work for me. No overnight margin was used on this, and this is 1 contract.

Next, let’s look at the Mini-Russell Futures The mighty Mini-Russell (TF) earned $7,010.00 over the past 90 days My goal is $1500/mo/contract I earned an average of $2,336.67 (per contract) We took 60 trades and paid $300 to our broker for this profit…not much at all!

How about the Euro Currency Futures contract? (6E) The Euro currency has been a sleeper lately, the Dollar has been sloppy and that caused the Euro to do the same. The Euro earned $525.00 in 90 days My goal is $1500/mo/contract We averaged $175/mo/contract on the Euro Futures over 90 days We took 59 trades over 90 days and spent $295 in commissions. After commissions I have just enough to take the wife to dinner this weekend J Better than losses, and we are excited to watch this continue with better markets in June.
And finally, the only loser in the group….the Crude Oil. I was surprised how well this market held up with this auto trading strategy. Crude Oil, as you know, has been whippy and low volume moves for over a month, looking for some solid direction in the dollar, and with unrest in certain parts of the supply chain we know this market got CRUSHED on most auto traders. Ours held up pretty well, losing only a small $1840 over 90 days, and we know this can come back with 1 winning trade next week. (100 tick target, so all it takes is one winner next week) We took 117 trades @ $5 each trade that cost me an additional $585 in loss on top. I really can’t complain, 1 of 4 strategies lost money, ill take it in markets like these. After all, we can’t win every month, and next week will be out of opex and back on track!