Day 20

Test

Day 19

Tuesday, August 7 Account Balance: $1,063.28

Trades for today:

4300 GBP/USD sell@ 2.01940
5100 AUD/JPY long@101.217
4300 EUR/USD sell@1.376

Results of those trades:

GBP/USD: -25 pips
AUD/JPY: -24.7 pips
EUR/USD: +4.7 pips

Total for day: -45 pips, -$18.99, -1.79%

So today finally broke the losing streak at 14, though the win was pathetic and purely symbolic.

Since I have pledged to keep this experiment going until the end of the month, I will look upon today's puny 5 pip single trade win as a sign that the highly improbable barrage of losses, (odds are 1 in 16, 384 against it occurring) is over, and that the Propooko system has managed to survive 5 days in hell, and still come out with a 4.5% profit.

So here's hoping for a brighter tomorrow, and may a barrage of TPs break upon this system and drown it in profits:)

Good Night and Good Luck to all Traders

Day 18

Monday, August 6 Account Balance: $1,094.44

Last night EUR/GBP took profit of 50.9 pips and $23.23

Today's trades were:

5200 USD/JPY long@ 118.879
5200 EUR/JPY mailto:short@%20163.874
4400 EUR/USD mailto:short@%201.37869

Results of those trades:

Disastrous: all 3 stopped out for combined loss of -75 pips, -$32.88

That makes 4 days of 0-3 trades, 12 losses in a row that has decreased the cumulative profit to 6.44%.

I think part of the reason for such terrible luck goes beyond statistics and can be explained by correlated pairs.

Today for example 2 of the trades were betting on the EURO weakening.

Due to a very strong German Manufacturing report, the EURO strengthened and 2 of my trades stopped out.

I will run continue to run this system at least to the end of August and hope that the laws of probability improve my performance through the rest of the week.

Day 17

Sunday, August 5 Account Balance: $1,106.15

Today trades:

5200 GBP/JPY long@ 240.264
4400 NZD/USD long@ .7593
5200 AUD/JPY long@ 100.662

Results: all 3 stopped out for combined loss of 72.6 pips, -$32.2, -2.91% for the day.

Open trade:

EUR/GBP Long: +26.6 pips, SL is now set to +10.

Overall this pair is a very slow mover, but the 1 day charts look good, so hopefully this trade can TP and break the stunning 9 in a row losing streak.

Odds of that are 1 in 524, so hopefully tomorrow the system can begin climbing out of the hole.

It's certainly possible, since a 3-0 day tomorrow, along with EUR/GBP TPing would mean 4 wins in a row, which would bring the system back to +15%.

Here's hoping for some stunning statistical irregularities, this time to the winning side:)

Good Night and Good Luck to all Traders.

WEEK 3 SUMMARY

% winning trades for week 3: 44.44%
% Cumulative winning trades: 50%
Pip Profit for week 3: -6.2 pips
Cumulative pip profit: 240.8
$ Profit for week 3: -$5.16
$ Profit Cumulative: $106.18
% Profit for week 3: -.46%
% Profit Cumulative: 10.62%
% Weekly Gains so far: 3.42%/week

Annual Returns extrapolating over 52 weeks, 475.16%

Overall this was a bad week, though -.46% is a fairly good "bad week" to have.

Hopefully the full power of statistics will soon come into play and the recent down trend will reverse and we can have some 2-1 and 3-0 days.

Also note that, as expected, 50% of trades were winners, and 50% were losers, yet a decent profit has been had.

As the experiment plays out more and more trades means a larger sample size and thus the % of winning trades should stay pretty close to 50%, and 50% winning trades means consistant profits for the system.

What this basically means is that , 3.42% weekly performance matches perfectly with what one expects in the long term, meaning that this system should be able to double after 21 weeks.