January 13, 2011
- in Uncategorized by schooloftrade
Automated Futures Trading Systems Review
Let’s start with our favorite market…gold futures…it certainly has been on a run this month of January!
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You can see the last three days have been FILLED with winning trades.
We took 9 trades on this 13 range chart over the passed three days and look at the results.
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A loss costs me 20 ticks, and a winner earns me 60 ticks.
3 losses = 20 x 3 = -60 ticks
6 winners = 60 x 6 = +360 ticks
Net profit = 300 ticks = +3,000usd in the past three trading days. Pretty impressive.
As you can see the drawdown is low, we don’t over trade with this auto strategy, and don’t forget these results are for each contract! Wow.
Gold looked good, but lets see if this auto trader can make it work with crude oil…
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Another great week of day trading with this auto strategy on crude oil.
Only three trades this week and 2 of them were winners and 1 loss.
Our losses cost us only 20 ticks, and the winners earn us 60 ticks, so it takes a LOT of losing trades to take back the money from the winners.
Net profit on these three trades = 120 – 20 = 100 ticks = $1,000usd in 3 days auto trading crude oil futures.
As always, we will train our members how to use this in training, see you in the live trade room tomorrow at 745am EST!
