This posting is an update on how the automated trading system, FXCM’s Forex System Selector, has performed to the end of the second week of a four week trial.  Previous postings about this detail the process of selecting a trading portfolio.

Read on to see the results to date.

The account currently shows a profit of $3,795.70 at the end of the second week.  There are no open positions at present.

The following screenshot shows some of the closed positions.  Unfortunately there appears to be a glitch in the system that doesn’t allow the latest trades to be displayed.

The dollar return is obviously very good, considering that only one position (10 mini contracts) was used at any one time, however one trade results in a large percentage of the return.  Outside of that trade, the system has had some wins and losses, typically of about the same side.  Overall, there have been more winning trades than losing trades, and combined with the win/loss size, over the two weeks, this system has positive expectancy.  However, it hasn’t been smooth sailing all the way.

I’ll continue to monitor trades over the next week and report on progress.

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

This entry was posted on Saturday, November 1st, 2008 at 7:38 am and is filed under Automated Trading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.