Imtiaz's XT Trades

I'll re-publish the system after reaching my compounding table. :-)

I'm about to start a Sample of 20 Trades to test the win percentile of this system. Starting with a Demo account of 1800 and using 1:100 leverage.

Target it making 5% return per week.

Updating Week 1 results.

The first week went really smooth. More than expected! But still I made some impulsive trades but immidiately closed (even with loss) to keep myself disciplined.

I closed the last trade after reaching $2000, psychologically I wanted to close the week with a round figure. It means I'm not acting professionally and not letting the market decide when to quit. well my 5% return per week target is achieved already and actually ending 1st week with 11.11% return so no harm done.

Gross Profit: 339.85 Gross Loss: 139.38 Total Net Profit: 200.47
Profit Factor: 2.44 Expected Payoff: 14.32
Absolute Drawdown: 0.00 Maximal Drawdown: 76.38 (3.93%) Relative Drawdown: 3.93% (76.38)

Total Trades: 14 Short Positions (won %): 6 (33.33%) Long Positions (won %): 8 (87.50%)
Profit Trades (% of total): 9 (64.29%) Loss trades (% of total): 5 (35.71%)
Largest profit trade: 138.89

Next week my target will be reaching at least 80% win ratio. This week I could have reached it but those impulsive trades made it impossible!

Looks like the system is going to work after all. Very easy to execute and easy rules for day trading.

Signal came and all trade criteria met.

Target 234.40

Target hit!

The week basically followed one Fibo setup and kept on the uptrend (GJ)

I couldn't trade last week due to semester finals and this week I've so far kept those impulsive trades out of the window. Result is a 100% win ratio so far! I expected up to 80% accuracy with my system but this is better than that!

I'm into this forex for way to long otherwise I'd have believed it myself that I've found a holy grail! Funny.

Anyway, I've made some changes on the position size etc based on last 2 week's forward trading results to cope with my trading style. And I've opened a seperate blog to journalize my live trades starting from November 2007.

So may be I'm closing this thread down here once the forward testing is over.

I'm up 37.8% on starting capital so far. Its going to work, I hope with live as well.