MB Trading : 1 Trades: 2.3 pips
GO Markets : 1 Trades: 1.3 pips
InterbankFx : 1 Trades: -1.0 pips
InterbankFx AU : 1 Trades: 0.3 pips
FxPro : 1 Trades: 0.3 pips
Alpari UK (Mini-1) : 1 Trades: 1.0 pips
Alpari UK (Classic): 1 Trades: 1.3 pips
FXDD : 2 Trades: 6.3 pips
AxiTrader : 1 Trades: 1.0 pips
FxSol : 1 Trades: 2.0 pips
TRADE DETAILS: Open Close Profit
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MB Trading S2 Sell: 17:21:16 1.31688 -> 18:25:59 1.31665 2.3 pips
GO Markets S2 Sell: 0:20:37 1.31697 -> 1:26:03 1.31684 1.3 pips
InterbankFx S2 Sell: 22:20:37 1.31689 -> 23:26:05 1.31699 -1.0 pips
InterbankFx AU S2 Sell: 22:20:38 1.31689 -> 23:26:03 1.31686 0.3 pips
FxPro S2 Sell: 0:20:40 1.31701 -> 1:26:05 1.31698 0.3 pips
Alpari UK (Mini-1) S2 Sell: 23:20:39 1.31692 -> 0:26:04 1.31682 1.0 pips
Alpari UK (Classic) S2 Sell: 23:20:51 1.31695 -> 0:26:04 1.31682 1.3 pips
FXDD S2 Sell: 0:37:02 1.31695 -> 1:37:21 1.31665 3.0 pips
S1 Sell: 0:56:28 1.31720 -> 2:23:29 1.31687 3.3 pips
AxiTrader S2 Sell: 0:20:38 1.31691 -> 1:26:04 1.31681 1.0 pips
FxSol S2 Sell: 17:37:00 1.31690 -> 18:53:20 1.31670 2.0 pips
FXDD – 2 trades 6.2 pips
2-1-12 Alpari U.S. real 2.1 pips
Alpari UK classic
S2 sell
1.3 pips
finfx S2 .4 pips
fxdd S2 3 pips
Looks like the spread was exceeded at fxdd & finfx for the S1 trade
FinFx: 0.2 pips
ActivTrades +2.3
FinFx: 2.7 pips
ATC -> 4 pips.
Fxcbs -> 2 pips.
February 2011 was amazingly quiet.
It’ll be interesting to see how it performs this month
Out of curiosity I took a look at the big MD losses in 2011 and the one loss in January. I wanted to see if there were any patterns. Not that the patterns would be predictive but they could be helpful.
1.) 5 of the 10 losses took place on Tuesdays.
– On 2 of those Tuesdays we had the FOMC and Fed Funds Rate red folder
news earlier in the day
– On a third Tuesday we had the ISM news and an FOMC member spoke
– On the 4th Tuesday we had core retail sales news
– The 5th loss on a Tuesday was on Dec 20, 2011. I think this day
fell into a No Trade Zone because of the holidays. I had my EAs
turned off because of the lack of liquidity
2.) The loss on Jan 2, 2012 was also in what I would also consider a No
Trade Zone. First because of the holidays. And secondly it was a
bank holiday in almost all the major markets.
3.) The loss on June 22, 2011 was on a Wednesday and we had the FOMC, Fed
Fund Rate announcement and an FOMC press conference.
4.) The loss on Wed July 13, 2011 occurred after the late in the day
announcement by Moody’s of the possible reduction in the US bond rating
5.) And the loss on Monday June 20, 2011 had no major news announcements.
I think it might make sense to reduce risk or lot size on FOMC days. Also perhaps turn aggressive off. I think someone else noticed that some of the losses were S2 trades although I didn’t have time to go back and check that.
Happy trading!
Sandy
Hi Sandy,
thanks for the analysis. Would the losses on FOMC days have been prevented by the RSM? I would have thought RSM would have triggered a “too risky” no trade day.
Hi Aspro. I think several have said that RSM has saved them from bad trades. Not sure it was on FOMC days but I’ll give you the dates and if you want you can look up the discussion here for each day. I know 1 or 2 have said they reduce risk on FOMC day.
Also I just realized I repeated 1 day. So there were only 9 bad trades and there is 1 less trade on FOMC tuesday.
Here are the dates I have: Feb 15 2011, June 20 2011, June 22 2011, July 13 2011, Aug 9 2011, Sept 6 2011, Dec 20 2011, Jan 2 2012
Sandy
Hi Sandy,
That’s a very good summary.
It seems to me that RSM always disables trades on FOMC days, and sometimes 1 or 2 other trade days during the month. I’m not sure of their exact criteria for disabling trades. Trying to interpret whether or not a news event or current financial headlines will cause increased risk is always a bit subjective.
Having said that, there seems to be some merit in disabling Megadroid from trading on FOMC days. FOMC is unique in that it’s the only scheduled US news event that occurs late in the US session (i.e. 14:15 EST), less than 2 hours before Megadroid starts trading. All other US news event occur at either 8:30 EST (NFP, CPI, GDP, Retail Sales), or at 10AM EST (ISM, Consumer Confidence), and so their impact is diluted by the time the Megadroid Session starts. And NFP always occurs on a Friday, so it won’t effect Megadroid.
Hi Richard. I totally agree.
Sandy