Hey Chart Guy,
How's your system doing today?
How's your system doing today?
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DislikedI broke it down to find out where you are long and short. Here is the results. I think it may be too heavy long USD and short CHF.
Long Short
EUR 2 3
USD 5 1
AUD 2 1
GBP 2 1
CHF 0 4
JPY 1 2
CAD 0 1
NZD 1 0
If you eliminate the USDCAD and NZDUSD, you are then long USD 4 lots and short 0.
I'm not criticizing the basket, just trying to make sense of it. It should probably be adjusted when interest rates and swap amounts change, but those changes are like a cruise ship truning around, takes a while.Ignored
DislikedI got word a lady who was raising money to trade Freedom Rocks at One World (The Captain's Fund) had raised about $5-$10 million. she got whacked with a 30% drawdown today and is closing shop after being up and running only a few months.
Oops!Ignored
Dislikedand so far it seems to be geting it's ass kicked
good thing there is a safe mode....Ignored
Dislikedand so far it seems to be geting it's ass kicked
good thing there is a safe mode....Ignored
DislikedI think it is important to note that if the carry trade continues to unwind, all "carry trade" systems will continue to produce compounded losses. While having said that it will be interesting to see if the "carry" moves to other pairs. If interest rate inbalances begin to move closer to parity than further apart, then the "carry trade" would have to continue to unwind for an extended period of time before producing new "carry" opportunities. I guess what I am saying is that this system is as good as I have ever seen for trading the carry trade, but when the carry quits working, this system will quit working. It will be interesting to see what happens.
PembyIgnored
DislikedI do believe that all systems "quit working" after awhile and suffer drawdown. It is just a question of how much drawdown can we handle before the system begins working again.Ignored
DislikedChartguy,
Are you running the demo account in safe mode? The demo account looks like it is drawn down around 15% from its equity high right now. Is that accurate?Ignored