The new selection of trading models for the second trial of FXCM’s Forex System Selector have been active for 5 days (including a weekend).  This article is an update on performance so far.

The previous trial used some models without a long trading history.  This latest trial focusses on models with a sound long term history.

So far the results have been pleasing.  The account equity has increased to $100,721, from a start of $100,000.  The models have been constrained to trade relatively small volumes.

The following screenshot illustrates the trades made to date:

As you can see, all but one has been profitable so far.  There are currently 3 positions open.

I have previously made the point that a one month trial is not really a very long period to evaluate a combination of systems, but it does give an overview of how it will perform in live trading.  I’ll continue to provide periodic updates of progress.

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Tags: automated forex trading, FXCM, fxcm forex system selector

This entry was posted on Tuesday, May 13th, 2008 at 1:37 pm and is filed under Automated Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.