Hi, I have spent a lot of time recently working on a trend following system and portfolio to trade it on. I will link a small live account to this journal for the purposes of displaying the results.
I will start with a £1000 account on VantageFX UK and I will trade EurAud, AudUsd, Gold, Silver, Oil and S+P500.
The system is a relatively basic trend following approach with some tweaks. It trades only on the close of the daily candle so don't expect much action!
The system risks 1% of current account balance on each trade and will add on in the right circumstances. The only exception to this money management rule is the instruments that trade with a higher tick value will use the minimum lot size and so therefore will risk slightly more than 1%.
The expected return is between 20 and 80% per annum and the max drawdown is expected to be between 25 and 30%. As is the nature of such systems there will be long spells of small losing trades but the largest winner will be much bigger than the largest loss.
The initial stop loss and trailing stop amount is calculated using ATR.
If you have any questions I'll be glad to answer them, otherwise enjoy the ride.
I will start with a £1000 account on VantageFX UK and I will trade EurAud, AudUsd, Gold, Silver, Oil and S+P500.
The system is a relatively basic trend following approach with some tweaks. It trades only on the close of the daily candle so don't expect much action!
The system risks 1% of current account balance on each trade and will add on in the right circumstances. The only exception to this money management rule is the instruments that trade with a higher tick value will use the minimum lot size and so therefore will risk slightly more than 1%.
The expected return is between 20 and 80% per annum and the max drawdown is expected to be between 25 and 30%. As is the nature of such systems there will be long spells of small losing trades but the largest winner will be much bigger than the largest loss.
The initial stop loss and trailing stop amount is calculated using ATR.
If you have any questions I'll be glad to answer them, otherwise enjoy the ride.