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June 2014 Profit Report

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  • June 2014 Profit Report

    The first month of Summer in the northern hemisphere has been a little challenging.


    Volatility has been down and as a result most of our traders have struggled to generate pips. This is with the exception of Smart Trader who knocked it out of the park with his biggest gain of the year (6.19%). This show really shows us the importance of diversifying our portfolio's across different traders and strategies.

    June Profit ReportAll statistics verified by Myfxbook. Past returns may not be replicated in the future.
    Smart Trader +6.19%
    Nickís Overall Profit +$462
    Smart Trader killed it this month with his biggest gain of the year. The highlights were a 141 pip winner on EURNZD and 131 pips on EURCAD. It's fantastic to see this trader continue to generate attractive returns in a difficult market.
    FX Amplified +1.54%
    Nickís Overall Profit +$8,840 (my account is set to 4x risk)
    A respectable end to the month for FX Amplified after recovering from a couple of decent sized losses on EURUSD and USDJPY during the first week.

    He's been doing a solid job this year and it's great to see him building some momentum and continuing to poke his head above his watermark high.

    TradeAlerter +0.63%
    Nickís Overall Profit +$1,714(my account is set to 2x risk)
    Low volatility has hurt TradeAlerter more than anyone because he specialises in JPY crosses.

    To give you some perspective on the significance of this change take a look at USDJPY's average daily range (ATR indicator on the daily chart). 12 months ago this pair moved 205 pips per day, It's now moving only 39 pips. That's an 81% reduction in volatility!

    I respect that TradeAlerter hasn't forced trades and is continuing to generate pips despite the difficult conditions. When volatility returns, so will the returns, until then expect him to keep risk to a minimum and only take very high probability short term trades.
    FX Viper +0.02% (11.5% floating drawdown)
    Nickís Overall Profit +$3,177 (trading 2x risk)
    The FX Viper faithful are being tested as we continue to hold onto the USDCAD drawdown from last month. After an extended period of time it's easy to become fatigued holding onto losing positions. I have offered an insight into my experience dealing with this kind of situation on our forum. Please click here to view the post.

    The thing to remember is that FX Viper has been making money from the markets for over a decade. This is nothing he hasn't dealt with before and I personally have no doubt that he'll recover the floating losses very soon.
    Joel Kruger -29.86%
    Nickís Overall Profit -$834
    Gosh darn it...

    Joel got badly burned on S&P during the month as the US stock market continued to rally against him. He was forced to close the trades in respect of the parameters set out at the beginning of the 3 month cycle.

    Due to demand from subscribers Joel is starting a fresh cycle on 1st July and will do his best to recover and surpass the recent losses. It's very unfortunate timing, however I still believe Joel has the skills and market intelligence to generate returns for me and our members. I need to mention that the the overall growth on our site is not correct because it doesn't take into account the 9.9% gain of last month. We are working on a way to rectify this.
    The road to forex riches is fraught with pot holes, ForexSignals.com offers you a high wheelbase, 4WD to travel through smoothly as possible, however our vehicle won't remove the bumps completely.


    However we will get to the destination!

    See you in the trading room!

    Nick McDonald

    ForexSignals.com

    Remember - Forex is a risky business. Only trade with money you can afford to lose. We take no responsibility for any loss (financial or otherwise) as a result of our signals, technical issues related to our site/software or your own greed.
    Would you like free lifetime access to our forex trading room?

    Open an account at Blueberry Markets and save the $97/monthly fee.

    Click here to find out more.

  • #2
    Hi,

    Nick I have a question to you. When you check one Fund return they report "NAV" value and equity values.
    Say that Fx viper is +0.02% makes me wonder.
    Better Profit Report would be to have Equity return during the month instead.

    If the trader never close trades ( big Floatings ) you will have positive months but in reality it is not.

    Comment


    • #3
      Originally posted by spamme View Post
      If the trader never close trades ( big Floatings ) you will have positive months but in reality it is not.
      No loss booked yet. Trade is still open they are still praying for a reversal. Big floatings are part of the gamings with FX Viper.

      Comment


      • #4
        I'm not sure what you are looking at spamme, but Nick's post clearly states the floating loss of Viper, right next to the monthly gain.

        i.e. FX Viper +0.02% (11.5% floating drawdown)

        Comment


        • #5
          Originally posted by timo View Post
          I'm not sure what you are looking at spamme, but Nick's post clearly states the floating loss of Viper, right next to the monthly gain.

          i.e. FX Viper +0.02% (11.5% floating drawdown)
          Hi,

          First of all this is not a post against Fx Viper or any system. I just would like to get results based on Eqtuiy.

          Yes I see the Floating % but I think better to give return based on Equity.
          Equity is what you get not the balance.

          Look at this system "no losses" but big Floating and this turn this system to crap : http://www.myfxbook.com/members/spir...scovery/564413

          Comment


          • #6
            Originally posted by spamme View Post
            Hi,

            First of all this is not a post against Fx Viper or any system. I just would like to get results based on Eqtuiy.

            Yes I see the Floating % but I think better to give return based on Equity.
            Equity is what you get not the balance.

            Look at this system "no losses" but big Floating and this turn this system to crap : http://www.myfxbook.com/members/spir...scovery/564413
            If you want equity reports, you can easily get that from MyFxBook. All signals here have public MyFxBooks.

            I'm not sure what the point you are trying to make is by comparing Viper to the other system?

            What does that have to do with equity / balance reporting? Not much IMHO.

            Seems like you are having a dig at the floating loss Viper is currently holding.

            Comment


            • #7
              Originally posted by timo View Post
              If you want equity reports, you can easily get that from MyFxBook. All signals here have public MyFxBooks.

              I'm not sure what the point you are trying to make is by comparing Viper to the other system?

              What does that have to do with equity / balance reporting? Not much IMHO.

              Seems like you are having a dig at the floating loss Viper is currently holding.
              Oh no I have no problem with any floating that part of the game. But in Oct. report I can read

              FX Pendulum +5.01%(16% floating drawdown)
              Nick’s Overall Profit +$1152 (trading 2x risk)

              Sorry but that gives wrong view of the system. This system is negative during Oct. not +5%.

              Remember Equity is was you get .... you never know what is behind the door and sometimes you need to close your account and the broker will give you equity....

              Comment


              • #8
                I just report the stats from myfxbook. It also seems to be industry standard to report the balance rather than the equity on a monthly basis.

                All you need to do is click on any of the links (my account included) to get a detailed view of the situation.
                Would you like free lifetime access to our forex trading room?

                Open an account at Blueberry Markets and save the $97/monthly fee.

                Click here to find out more.

                Comment


                • #9
                  Originally posted by Nick View Post
                  I just report the stats from myfxbook. It also seems to be industry standard to report the balance rather than the equity on a monthly basis.

                  All you need to do is click on any of the links (my account included) to get a detailed view of the situation.
                  Hi,

                  What do you mean by "industry standard" to report the balance.
                  Funds report Equity ( even Equity with the cost ).

                  I think report the equity evolution is more correct then the balance.

                  Comment


                  • #10
                    Hi,

                    NAV is what is industry standard : http://en.wikipedia.org/wiki/Net_asset_value

                    Do you agree ?

                    Originally posted by spamme View Post
                    Hi,

                    What do you mean by "industry standard" to report the balance.
                    Funds report Equity ( even Equity with the cost ).

                    I think report the equity evolution is more correct then the balance.

                    Comment


                    • #11
                      Originally posted by spamme View Post
                      Hi,

                      What do you mean by "industry standard" to report the balance.
                      Funds report Equity ( even Equity with the cost ).

                      I think report the equity evolution is more correct then the balance.
                      I'm only speaking from personal experience. All the reports that I remember reading have used the balance to report returns with a separate section for peak to trough drawdown (which includes equity)
                      Would you like free lifetime access to our forex trading room?

                      Open an account at Blueberry Markets and save the $97/monthly fee.

                      Click here to find out more.

                      Comment


                      • #12
                        Originally posted by spamme View Post
                        Hi,

                        NAV is what is industry standard : http://en.wikipedia.org/wiki/Net_asset_value

                        Do you agree ?
                        I have't labelled it "Net Asset Value".

                        I'll continue to report the monthly return based on the Myfxbook reports. I don't think anyone can accuse me of hiding anything and the Myfxbook information is what most of us use to verify results.
                        Would you like free lifetime access to our forex trading room?

                        Open an account at Blueberry Markets and save the $97/monthly fee.

                        Click here to find out more.

                        Comment


                        • #13
                          Nick I do not acccuse you for anything.
                          You do a great work.
                          What I mean is giving equity progression in % would give a much more correct view of the systems. ( Improvement of your reporting )

                          System doing good with balance maybe not to good with equity.



                          Originally posted by Nick View Post
                          I have't labelled it "Net Asset Value".

                          I'll continue to report the monthly return based on the Myfxbook reports. I don't think anyone can accuse me of hiding anything and the Myfxbook information is what most of us use to verify results.

                          Comment

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