Jazz Live debuts

Trades closed for the day

http://www.myfxbook.com/members/mark...zz-live/973479

Performance hits 28% for July.

DD at 10.3%.

Expectancy of the system stands at 0.2% per trade.

The System Quality Number stands at 2.5.

Any system with SQN above 2 is considered very good.

July returns cross 31%. DD at 10%

System Quality Number (SQN) = 2.4

High degree of big winners assert to supremacy of the Jazz Trading System.

Myfxbook: http://www.myfxbook.com/members/mark...zz-live/973479

any update on when you will open up to subscribers ?

July stats:
Total Trades: 159
Avg Win: 413
Avg Loss: 215
Avg Win : Avg Loss = 2
Expectation per trade: $101
Std dev: 481
Adjusted System Quality Number: > 2.5


Any system above 2 with Avg win/Avg Loss above 1 is considered to be top quality. You can check your own systems and trading algos and signal providers if they are able to match these numbers. Anything below 1.5 should mean you should ditch your signal provider right away.

The avg win to Avg loss is what defines a system internal quality. Any system with this ratio above 1 means the system is deploying adequate risk management.

The Jazz system is scoring on all these as a top notch system and finally it is also visible in the way it is making returns. Any time it can increase lots and make 30 and 40% return a month but mostly it is cruising making 5 to 10% return a month. Always good to know that a system can rev up and provide a higher torque and horse power when needed.

http://www.myfxbook.com/members/mark...zz-live/973479

Let a month go by and we want you guys to watch this from outside and see how it works. Give it at least 300 trades. Currently is at 159 trades. So maybe another 150 trades and that should give all a good comfort level with this system.
Either case this system will only be open for subs with a decent amount of capital to trade. Maybe 40k USD and upwards.


But this system and the various param that I discuss should be used to benchmark your own signal provider. There signal providers who charge money for system with SQN below 1 and yet retail subs get hooked by their marketing.

Use some of the concepts I have outlined above to benchmark some of the bad performers using SQN.

40K ? well that eliminates 99% of retail traders.

Yep possible maybe more like 90%.

drop in vol meter and hence number of trades are cut down.

Remember these are the summer months of forex trading when volatility and interest in trading by market movers are at the bare minimum. Moves are rarely more than 30 to 40 pips a day and mostly 10 pips an hour.

Jazz is at 30% return this month.

trades closed
AUDCHF

http://www.myfxbook.com/members/mark...zz-live/973479

We have put our thoughts on analysing a forex trading system here:

http://jazzforex.com/?p=15

You can use the metric called TSS and SQN to analyse your trading performance.

Industry first ranking of forex signal provider

http://jazzforex.com/?page_id=63

This list will grow over time. Please submit the name of your signal provider so we can include it in the list and you can see the TSS score.

[email protected]

trades:
GBPCAD
EURCAD
USDCAD


based on pickup in CAD volatility.,

Performance of Jazz trading system http://jazzforex.com/?p=67

We have ranked forex signal providers based on TSS score. Feel free to suggest the names and myfxbook link of your signal provider.

http://jazzforex.com/?page_id=63

New trades added
USDCAD, GBPCAD, EURCAD, CADCHF

CAD has shown a major move on AWTS and therefore expect movement.

Holiday volumes but the vol meter picking up quietly here. Could be a precursor to FOMC tmrw.

July is a month of dead volumes. It is probably the worst month for trading volumes and most forex traders hardly make more than 3 to 4%. In comparison the Jazz trading system made 30% return with a max DD of 10% with a TSS score of 4.4.

With almost no volatility, the model was constantly moving between CAD, AUD, EUR,GBP,CHF,USD,YEN...to pickup whatever little movement was there and made 30'%.


Some subs who are our current members are obviously open mouthed at the completely new way of trading. Some of you have been asking about the methods we employ. It will be nearly impossible to lay out what goes on under the hood. Lets just say it is the most advanced evolved trading system in the world. We dont look at charts and fib levels and MA and bollinger bands etc. These archaic systems while they work have a very poor record over long term esp during tight months like July.

The forex trading system at jazz is statistical in nature. It purely runs on trend strength, volatility movement and advanced warning system (AWTS). For example our dudes have tested and used the world most sensitive price index which responds to trend movements with little or no lag. So we know a trend change the minute it happens. We dont need to wait for 3 hours or 3 days to know that the trade has turned and therefore take evasive action. Traditional methods like fib and trend lines and Moving average all work on lagging principle of price closures and historical price action. They work but have a poor record.

WE DONT LOOK AT CHARTS AND WE DONT NEED TO LOOK AT CHARTS.

Over time we will try to lay out what goes on under the hood. We believe it is the greatest money making system if handled correctly obviously.

closed GBPCAD and opened GBPJPY.

Jazz closes July with a 24% return and Aug begins with a 7% gain.

Membership OPEN for August.

http://jazzforex.com/?p=83