System: SPM Capital Management
Description: A fundamental discretionary approach to form a bias from a global macro-economic perspective. Thus forming an idea of market sentiment, I will use this information combining technical analysis of levels to capitalise on currency moves.
I trade pull backs to technical levels in line with the fundamentals using the real time news feeds. I will scale in once if the prices goes against me.
My stop size will vary depending whether the trade is daily sentiment or fundamental.
Each position will be a max of 0.1 per £1000
TP will usually be the fair value price that i see for that pair. Or I will exit the position if I feel the sentiment has changed.
Type of Trading: Real
Started: Nov 11, 2014
Tracking: 5 users
Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDDKK, USDJPY, USDSEK, XAUUSD
Essentials: The SPM Capital Management system has made 919 trades with an average winning trade of 31.55 pips / £3.61, the average losing trade around -59.10 pips / -£6.47 and an average trade length of 1d.
The best trade it ever had was (Dec 10) 259.7 in pips and the worst trade was (May 01) -568.5 in pips.
It has won (132/202) 65% of its attempted buys and (512/717) 71% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.