April 19, 2011
- in Uncategorized by schooloftrade
Automated Trading System Review Crude Oil, Gold, Euro and Russell Futures
It’s about time for our weekly review of our automated trading system!
Let’s start with Crude Oil Futures, one of our favorite commodity futures.
You can see the last few days on crude oil have been GREAT. We had some losses early in April that took back some profit, but look at the results and you wont be worried at all.
Friday we took a winning trade for 100 ticks or $1,000usd in profit per contract. This is only 1 contract on this example. Trading 2 contracts would have yielded 200 ticks of profit, twice as much. Easy.
This week we didn’t have a trade on Monday, and today (Tuesday) we had two trades.
· 1 winner = +100 ticks
· 1 loss = -35 ticks
· Net Profit today = +65ticks or $650usd profit
These results look great, but let’s see how the past 60 days have looked, this will give us a better picture of what to expect on YOUR trade account.
This is where you begin to see the tremendous VALUE in this automated trading system.
Over the past 60 days (2-18 thru 4-19) this auto trader earned $10,520 trading only 40 times in 60 days.
Very impressive to say the least…
· $10,000 in profit per contract
· Only $2450 in drawdown (you can do this with a very small account clearly)
· 40 trades x $5 = $200 spent in commissions to your broker
· 0.67 trades per day = never over-trades when times get rough
· Average Profit per month per contract = $5,260usd
This auto trader does not over-trade, it has wide targets and tight stops…nothing better than that…and our long term track record confirms it.
We know that crude oil made money…but how about trading the E-mini Russell Futures?
The Mini Russell is MUCH different than crude oil, but we have very similar (profitable) results!
Look at the trades we took using our auto trader the past few days…
Monday we traded long for a loss of 27 ticks or $270usd.
Tuesday (today) we got short from 824.00 and im holding the trade for a 200-tick profit target.
Furthermore, our stop loss is moved to entry + 67 ticks once we get 80 ticks of profit, so today’s trade can ONLY be a winner.
Our auto trader can do ANYTHING, trailing stops, scale-out, manage a runner, etc. Today’s trade on the mini Russell is a great example of how we lock in profit, lock OUT RISK, and make money on this trade no matter what happens.
Either way you slice it, the Russell makes money this week. Lost 27 ticks Monday, will make back 67 minimum on the trade today….we are happy traders J
This is only a few trades…the REAL STORY is told on the long term results.
Open your performance report and you see great results, even on an e-mini!
· 60 days of trading (2/18 – 4/19)
· $6740 in net profit
· 1 contract trades
· Only $1770 drawdown, which means you can use a VERY small account with this ($500 margins)
· Only took 39 trades (39 x $5 = $195 on commissions)
· Only took 0.65 trades per day, it never over-trades in the bad times
· Average profit per month per contract = $3,370usd
As you can see the auto trader does very well in good times and bad times.
Last week we saw drawdowns on crude oil and gold, and this week those drawdowns have been earned BACK to profit.
It makes perfect sense why this works so well….
· don’t over-trade so you don’t get chopped up by the hard times,
· keep wide targets and tight stops to help you make money when the good times are here,
· and this works on any market,
· any timeframe,
· anything can work.
· 100% custom-fitted to your needs as a trader.
We have a special training tomorrow for members @ 1130am EST, don’t miss it for the auto trader set-up and review!
