My Grid-Hedge Journal

Update as of 8:55 PM est, Wednesday Nov 18, 2015:

Current open trade(s):
EURCAD (buy; opened 9-29-15) 182 units @ 1.5145; TP = 1.5245
EURCAD (buy; opened 9-30-15) 181 units @ 1.5045; TP = 1.5145
EURCAD (buy; opened 9-30-15) 180 units @ 1.4950; TP = 1.5050
EURCAD (buy; opened 10-22-15) 179 units @ 1.4850; TP = 1.4950

EURAUD (sell; opened 10-22-15),160 units @ 1.5652
EURAUD (sell; opened 10-22-15),161 units @ 1.5550
EURAUD (sell; opened 11-2-15),162 units @ 1.5450
EURAUD (sell; opened 11-2-15),163 units @ 1.5350
EURAUD (sell; opened 11-9-15),164 units @ 1.5250
EURAUD (sell; opened 11-13-15), 165 units @ 1.5100
EURAUD (sell; opened 11-17-15), 166 units @ 1.5000

No TP for the EURAUD positions; these positions will be closed at BE only if/when the market reverses and the EURCAD starts moving higher, or if the market continues to plummet resulting in the opening of additional EURAUD sells, and the NET position = $0 USD. Currently, the EURCAD positions are net -$43.86 USD and the EURAUD positions are net +$31.70. Overall net position = -$12.16

Today's closed trades:
none

Pending EURCAD buy order for 178 units @ 1.4600; TP @ 1.4700
Pending EURCAD buy order for 177 units @ 1.4700; TP @ 1.4800
Pending EURCAD buy order for 176 units @ 1.4600; TP @ 1.4700
Pending EURCAD buy order for 175 units @ 1.4500; TP @ 1.4600
Pending EURAUD sell order for 167 units @ 1.4900; no TP


Balance = $130.41 USD
Unrealized P/L = -$12.16
Net Asset Value = $118.25
%DD = -9.3%
Margin Used = $44.27 (50:1 leverage)
Margin Available = $73.98
%Margin Available = 62.5%

Update as of 7:45 PM est, Thursday Nov 19, 2015:

Current open trade(s):
EURCAD (buy; opened 9-29-15) 182 units @ 1.5145; TP = 1.5245
EURCAD (buy; opened 9-30-15) 181 units @ 1.5045; TP = 1.5145
EURCAD (buy; opened 9-30-15) 180 units @ 1.4950; TP = 1.5050
EURCAD (buy; opened 10-22-15) 179 units @ 1.4850; TP = 1.4950

EURAUD (sell; opened 10-22-15),160 units @ 1.5652
EURAUD (sell; opened 10-22-15),161 units @ 1.5550
EURAUD (sell; opened 11-2-15),162 units @ 1.5450
EURAUD (sell; opened 11-2-15),163 units @ 1.5350
EURAUD (sell; opened 11-9-15),164 units @ 1.5250
EURAUD (sell; opened 11-13-15), 165 units @ 1.5100
EURAUD (sell; opened 11-19-15), 167 units @ 1.4900' TP @ 1.4800; SL = 1.5000 (will also close the EURAUD position opened @ 1.51 in order to offset the loss)

No TP for the first five EURAUD positions; these positions will be closed at BE only if/when the market reverses and the EURCAD starts moving higher, or if the market continues to plummet resulting in the opening of additional EURAUD sells, and the NET position = $0 USD. Currently, the EURCAD positions are net -$40.49 USD and the EURAUD positions are net +$34.44. Overall net position = -$6.05

Today's closed trades:
EURAUD (sell; opened 11-17-15), 166 units @ 1.5000; TP = 1.4900

Pending EURCAD buy order for 178 units @ 1.4600; TP @ 1.4700
Pending EURCAD buy order for 177 units @ 1.4700; TP @ 1.4800
Pending EURCAD buy order for 176 units @ 1.4600; TP @ 1.4700
Pending EURCAD buy order for 175 units @ 1.4500; TP @ 1.4600

Balance = $131.67 USD
Unrealized P/L = -$6.05
Net Asset Value = $125.62
%DD = -4.6%
Margin Used = $40.77 (50:1 leverage)
Margin Available = $84.85
%Margin Available = 67.5%

Update as of 4:35 AM est, Friday Nov 20, 2015:

Current open trade(s):
NONE

ALL EURCAD positions were closed at 1.4225; ALL EURAUD positions were closed at 1.4801. The EURCAD positions were net -$42.55 USD and the EURAUD positions were net +$43.97. Overall net position = +1.42

Today's closed trades:

EURCAD (buy; opened 9-29-15) 182 units @ 1.5145;
EURCAD (buy; opened 9-30-15) 181 units @ 1.5045;
EURCAD (buy; opened 9-30-15) 180 units @ 1.4950;
EURCAD (buy; opened 10-22-15) 179 units @ 1.4850;
EURAUD (sell; opened 10-22-15),160 units @ 1.5652
EURAUD (sell; opened 10-22-15),161 units @ 1.5550
EURAUD (sell; opened 11-2-15),162 units @ 1.5450
EURAUD (sell; opened 11-2-15),163 units @ 1.5350
EURAUD (sell; opened 11-9-15),164 units @ 1.5250
EURAUD (sell; opened 11-13-15), 165 units @ 1.5100
EURAUD (sell; opened 11-19-15), 167 units @ 1.4900

Pending orders
EURCAD buy order for 183 units @ 1.4600; TP @ 1.4700
EURCAD buy order for 182 units @ 1.4500; TP @ 1.4600
EURCAD buy order for 181 units @ 1.4400; TP @ 1.4500
EURCAD buy order for 180 units @ 1.4300; TP @ 1.4400

Balance = $133.09 USD
%gain since opening trade (9-20-15) = 21.4%
Unrealized P/L = $0.00
Net Asset Value = $133.09
%DD =0%
Margin Used = $0.00 (50:1 leverage)
Margin Available = $133.09

Update as of 5:30 pm est, Sunday Nov 22, 2015:

Current open trade(s):
EURCAD 180 UNITS @ 1.4200; TP @ 1.4300

Today's closed trades:
NONE

Pending orders
SELL EURAUD (160 units) only if EURCAD position drops to 1.41
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
BUY EURCAD, 179 units @ 1.4100; TP = 1.4200

Balance = $133.09 USD
Unrealized P/L = $0.00
Net Asset Value = $133.09
%DD =0%
Margin Used = $3.75 (50:1 leverage)
Margin Available = $133.09

Update as of 8:00 pm est, Monday Nov 23, 2015:

Current open trade(s):
EURCAD 180 UNITS @ 1.4200; TP @ 1.4300

Today's closed trades:
NONE

Pending orders
SELL EURAUD (160 units) only if EURCAD position drops to 1.41
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
BUY EURCAD, 179 units @ 1.4100; TP = 1.4200

Balance = $133.09 USD
Unrealized P/L = $0.07
Net Asset Value = $133.09
%DD =0%
Margin Used = $3.75 (50:1 leverage)
Margin Available = $133.09

Update as of 7:00 pm est, Tuesday Nov 24, 2015:

Current open trade(s):
EURCAD 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300

Today's closed trades:
NONE

Pending orders
SELL EURAUD (160 units) only if EURCAD position drops to 1.41
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
BUY EURCAD, 179 units @ 1.4100; TP = 1.4200

Balance = $133.09 USD
Unrealized P/L =- $0.51
Net Asset Value = $132.58
%DD =-0.4%
Margin Used = $3.75 (50:1 leverage)
Margin Available = $128.83
%Margin Available = 97.1%

Update as of 7:45 pm est, Wednesday Nov 25, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300
EURCAD; buy 179 UNITS @ 1.4100 (opened 11-25-15); TP @ 1.4200
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15); no TP

Today's closed trades:
NONE

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400


Balance = $133.07 USD
Unrealized P/L =- $1.25
Net Asset Value = $131.82
%DD =-0.9%
Margin Used = $11.53 (50:1 leverage)
Margin Available = $120.29
%Margin Available = 91.2%

Update as of 7:45 pm est, Thursday Nov 26, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300
EURCAD; buy 179 UNITS @ 1.4100 (opened 11-25-15); TP @ 1.4200
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15); no TP

Today's closed trades:
NONE

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
SELL EURAUD 161 units @ 1.4500; TP = 1.4400

Balance = $133.06 USD
Unrealized P/L =- $2.34
Net Asset Value = $130.72
%DD =-1.8%
Margin Used = $11.53 (50:1 leverage)
Margin Available = $119.19
%Margin Available = 91.1%

Update as of 4:35 pm est,Friday Nov 27, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300
EURCAD; buy 179 UNITS @ 1.4100 (opened 11-25-15); TP @ 1.4200
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15); no TP

Today's closed trades:
NONE

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
SELL EURAUD 161 units @ 1.4500; TP = 1.4400

Balance = $133.06 USD
Unrealized P/L =- $1.26
Net Asset Value = $131.80
%DD =-1%
Margin Used = $11.53 (50:1 leverage)
Margin Available = $120.27
%Margin Available = 91.1%

Update as of 8:00 pm est, Monday Nov 30, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300
EURCAD; buy 179 UNITS @ 1.4100 (opened 11-25-15); TP @ 1.4200
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15); no TP

Today's closed trades:
NONE

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
SELL EURAUD 161 units @ 1.4500; TP = 1.4400

No TP for the EURAUD position: this position will be closed only when the market reverses and the EURCAD starts moving higher, or if the market continues to plummet resulting in the opening of additional EURAUD sells, and the NET position = $0 USD. Currently, the EURCAD positions are net -$1.13 USD and the EURAUD position is net $0. Overall net position = -$1.13

Balance = $133.05 USD
Unrealized P/L =- $1.13
Net Asset Value = $131.92
%DD =-0.9%
Margin Used = $11.53 (50:1 leverage)
Margin Available = $120.39
%Margin Available = 91.3%

Update as of 7:50 pm est, Tuesday Dec 1, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15)

Today's closed trades:
EURCAD; buy 179 UNITS @ 1.4100 (opened 11-25-15); TP @ 1.4212 (TP =$1.50)

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
BUY EURCAD, 179 units @ 1.41200; TP = 1.4200
SELL EURAUD 161 units @ 1.4500; TP = 1.4400

No TP for the EURAUD position: this position will be closed only when the market reverses and the EURCAD starts moving higher, or if the market continues to plummet resulting in the opening of additional EURAUD sells, and the NET position = $0 USD. Currently, the EURCAD position is net $0.32 USD and the EURAUD position is net $0.93. Overall net position = $1.24

Balance = $134.55 USD
Unrealized P/L = $1.24
Net Asset Value = $135.79
%DD =0%
Margin Used = $7.07 (50:1 leverage)
Margin Available = $128.72
%Margin Available = 94.8%

Update as of 8:20 pm est, Wednesday Dec 2, 2015:

Current open trade(s):
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); TP @ 1.4300

Today's closed trades:

EURCAD; buy 179 UNITS @ 1.4100 (opened 12-2-15); closed @ 1.4202 (PL = $1.37)
EURAUD; sell 161 units @ 1.4500 (opened 12-2-15); closed @ 1.4454 (PL = $0.54)
EURAUD; sell 160 units @ 1.4600 (opened 11-25-15); closed @ 1.4454 (PL = $1.69)

Pending orders
BUY EURCAD, 181 units @ 1.4300; TP = 1.4400
BUY EURCAD, 179 units @ 1.4100; TP = 1.4200

Summary of today's trades:
I closed both EURAUD positions during the massive selloff (!), finally taking profit on the EURAUD positions opened @ 1.4600 and @ 1.4500 when the pair bounced up from the 1.4414 low...at that point my EURCAD position @ 1.4200 was only down by 80 pips (it had already recovered 60 pips from its 1.4070 low) and my newly opened EURCAD @ 1.4100 was already up ~60 pips, thereby negating the need for the EURAUD hedge positions. I do have an alarm set to open a EURAUD sell position (160 units) if the EURCAD position @ 1.4200 drops to 1.4100 (-100 pips) and a pending order to open a EURCAD buy @ 1.4100...hope this makes sense...if not, please feel free to ask questions...

Balance = $138.14 USD
Unrealized P/L = $-0.57
Net Asset Value = $137.57
%DD =-0.4%
Margin Used = $3.67 (50:1 leverage)
Margin Available = $133.90
%Margin Available = 97.38%

Update as of 8:10 pm est, Thursday Dec 3, 2015:

Current open trade(s):
EURCAD; buy 183 UNITS @ 1.4500 (opened 12-3-15); TP @ 1.4600

Today's closed trades:

EURCAD; buy 179 UNITS @ 1.4100 (opened 12-3-15); closed @ 1.4205 (PL = $1.41)
EURCAD; buy 180 UNITS @ 1.4200 (opened 11-22-15); closed @ 1.4305 (PL = $1.42)
EURCAD; buy 181 UNITS @ 1.4300 (opened 12-3-15); closed @ 1.4401 (PL = $1.37)
EURCAD; buy 182 UNITS @ 1.4400 (opened 12-3-15); closed @ 1.4503 (PL = $1.40)
EURAUD; sell 160 UNITS @ 1.4401 (opened 12-3-15); closed @ 1.4405 (PL = -$0.06): this hedge trade was opened during the early morning selloff of the EURCAD. The trade was in profit by almost 60 pips before closing at BE during the later morning runup of the EUR

Pending orders
EURCAD; buy 182 UNITS @ 1.4400; TP @ 1.4500
EURCAD; buy 184 UNITS @ 1.4600; TP @ 1.4700
EURCAD; buy 185 UNITS @ 1.4700; TP @ 1.4800
Will open a EURAUD sell position (160 units; no TP) if the EURCAD position @ 1.4500 drops to 1.4400 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $143.68 USD
Unrealized P/L = $0.97
Net Asset Value = $144.65
%DD =0%
Margin Used = $3.91 (50:1 leverage)
Margin Available = $140.74
%Margin Available = 97.2%



100-day and 52-week Directional Similarity of EURCAD vs. EURAUD is still > 75% (Daily Directional Similarity histogram is shown in lower panel)

Update as of 5:10 pm est, Friday Dec 4, 2015:

Current open trade(s):
EURCAD; buy 183 UNITS @ 1.4500 (opened 12-4-15); TP @ 1.4600

Today's closed trades:
EURCAD; buy 183 UNITS @ 1.4500 (opened 12-3-15); TP @ 1.4603 (PL = $1.41)


Pending orders
EURCAD; buy 182 UNITS @ 1.4400; TP @ 1.4500
EURCAD; buy 184 UNITS @ 1.4600; TP @ 1.4700
EURCAD; buy 185 UNITS @ 1.4700; TP @ 1.4800
Will open a EURAUD sell position (160 units; no TP) if the EURCAD position @ 1.4500 drops to 1.4400 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $145.08 USD
Unrealized P/L = $0.45
Net Asset Value = $145.53
%DD =0%
Margin Used = $3.89 (50:1 leverage)
Margin Available = $141.64
%Margin Available = 97.3%

UPDATE: 12-7-15
This update reflects my current thinking regarding my grid-hedge strategy based on results from my actual live trading over the past several months. Basically I'm trying to develop a non-directional trading strategy, i.e. a strategy that does not depend on guessing the future direction of the market. The success of this trading approach depends only on how the positions are managed. I will not get into arguments regarding the efficacy of guessing future market direction, so please don't post comments regarding this topic - I will delete them. There are more than enough topics within this forum regarding the pros/cons of market prognostication. In my approach, the only indicator I use is my weekly "Directional Similarity"; this tells me how "in sync" the price movement of the EURCAD is versus the EURAUD. If you have any questions, please don't hesitate to ask.

Best,

Dave

Opening the EURCAD BUY Grid

1. ​Open EURCAD buy position (TP = 100 pips). This is called "EURCAD position #1".
2. Place pending buy orders for EURCAD at 100 pip step intervals above the initial position (with TP = 100 pips), and ONE pending EURCAD buy position 100 pips below the initial open position (NO TP). If opened, the EURCAD order below position #1 is designated as "EURCAD position 0".
3. Whenever a EURCAD position TP is hit, the NEXT HIGHER EURCAD position becomes "EURCAD position #1". Once this occurs, move the pending buy order for EURCAD to 100 pips below the "new" position #1.

Opening the EURAUD HEDGE

1. Open a EURAUD sell position only if EURCAD position #1 is -100 pips. Opening a EURAUD position will also mean that the pending EURCAD order placed 100 pips below EURCAD position #1 is now open. There is NO TP assigned to the EURAUD position or EURCAD position 0.

At this point the market can continue to drop (see "Closing the EURAUD hedge and opening the EURAUD Sell Grid") or the market can reverse and climb higher (see "Closing the EURAUD hedge"), or the market can simply oscillate between the three open positions (EURCAD position #1, EURCAD position 0, and EURAUD hedge).

If the market continues to drop..Closing the EURAUD hedge and opening the EURAUD Sell Grid

1. Continue to open EURAUD positions at 100 pip step intervals below the initial opened EURAUD position. At this point, there are NO TP assigned to the EURAUD positions.
2. If at any point if the market reverses and moves upward, close EURAUD positions such that the net P/L = $0. Basically, I will try to close the most recently opened EURAUD position at BE. If I miss the opportunity to do this, then I will close a P/L positive EURAUD position as well as the P/L negative EURAUD position.
3. IMPORTANT POINT #1: If the market continues to drop, the number of opened EURAUD positions (N=3) will exceed the number of opened EURCAD positions (N=2). At this point, assign 100 pip TP to all future opened EURAUD positions. This indicates that the EURCAD buy grid has now transitioned to a EURAUD sell grid.
Eventually, the P/L of the opened in-profit EURAUD positions will surpass the P/L of the opened non-profitable EURCAD positions. Once this occurs, CLOSE the EURCAD positions as well as the non-TP EURAUD positions so that the net P/L =$0. What is lost is time and some swap (=cost of doing business). What should remain open are EURAUD sell positions with assigned 100 pip TP. The "first" EURAUD sell position with an assigned 100 pip TP is designated as "EURAUD position #1".
6. Place pending SELL orders for EURAUD at 100 pip step intervals below EURAUD position #1 (with TP = 100 pips), and ONE pending EURAUD sell position 100 pips above position #1.
7. Whenever a EURAUD position TP is hit, the NEXT lower EURAUD position becomes "EURAUD position #1". Again, immediately move the pending sell order for EURAUD to 100 pips above EURAUD position #1.
8. Open a EURCAD buy position (no TP) only if EURAUD position #1 is -100 pips...this starts the hedge process again but now the non-profitable EURAUD sell positions are hedged by EURCAD buy positions
9. THIS IS IMPORTANT #2... If the market continues to move upwards, eventually the number of opened EURCAD positions (N=3), will exceed the number of opened EURAUD positions (N=2). At this point assign 100 TP to all future EURCAD positions. This indicates that the EURAUD sell grid has now transitioned back to a EURCAD buy grid. Moreover, the P/L of the opened in-profit EURCAD positions will eventually surpass the P/L of the opened non-profitable EURAUD positions. Once this occurs, CLOSE the EURAUD positions as well as the non-TP EURCAD positions so that the net P/L =$0. If the market continues to move upward, EURCAD buys will be opened at 100 pip intervals as described "Opening the EURCAD Buy Grid".

If the market reverses its downtrend and starts to rise - Closing the EURAUD hedge

1. If, after opening the EURAUD sell hedge position, the market reverses and starts to climb you do nothing. If the climb continues, eventually the P/L negative EURAUD hedge position is balanced by the P/L positive EURCAD position 0. Close both the EURAUD hedge and EURCAD position 0 when the net P/L of both positions = $0.
2. If the market continues to climb, then EURCAD position #1 will have a net positive P/L. Again, immediately place a pending buy order for EURCAD at -100 pips below EURCAD position #1.

There are numerous permutations to the above hedge process that increase the profitability of the trading approach

Other Important points:

1. Historical Directional Similarity of EURAUD vs EURCAD is ~75%, this is why I'm using the two pairs to set up the hedge
2. Number of units (I trade through Oanda) for the EURCAD will be volatility-adjusted relative to EURAUD (based on the 10-week ATR)
3. To avoid FIFO, each added position to the EURAUD and EURCAD will change by 1 unit.

Update as of 8:20 pm est, Monday Dec 7, 2015:

Current open trade(s):
EURCAD; buy 184 UNITS @ 1.4600 (opened 12-7-15); TP @ 1.4700

Today's closed trades:
EURCAD; buy 183 UNITS @ 1.4500 (opened 12-4-15); TP @ 1.4607 (P/L = $1.47)

Pending orders
EURCAD; buy 183 UNITS @ 1.4500
EURCAD; buy 185 UNITS @ 1.4700; TP @ 1.4800
EURCAD; buy 186 UNITS @ 1.4800; TP @ 1.4900

Will open a EURAUD sell position (160 units; no TP) if the EURCAD position @ 1.4600 drops to 1.4500 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $146.54 USD
Unrealized P/L = $0.55
Net Asset Value = $147.09
%DD =0%
Margin Used = $3.89 (50:1 leverage)
Margin Available = $143.20
%Margin Available = 97.3%

Update as of 7:50 pm est, Tuesday Dec 8, 2015:

Current open trade(s):
EURCAD; buy 186 UNITS @ 1.4800 (opened 12-8-15); TP @ 1.4900

Today's closed trades:
EURCAD; buy 184 UNITS @ 1.4600 (opened 12-7-15); TP @ 1.4703 (P/L = $1.42)
EURCAD; buy 185 UNITS @ 1.4700 (opened 12-8-15); TP @ 1.4805 (P/L = $1.46)


Pending orders
EURCAD; buy 185 UNITS @ 1.4700
EURCAD; buy 187 UNITS @ 1.4900; TP @ 1.5000
EURCAD; buy 188 UNITS @ 1.5000; TP @ 1.5100

Will open a EURAUD sell position (165 units; no TP) if the EURCAD position @ 1.4800 drops to 1.4700 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $149.42 USD
Unrealized P/L = -$0.25
Net Asset Value = $149.17
%DD =-0.2%
Margin Used = $4.05 (50:1 leverage)
Margin Available = $145.12
%Margin Available = 97.3%

Update as of 7:20 pm est, Wednesday Dec 9, 2015:

Current open trade(s):
EURCAD; buy 187 UNITS @ 1.4900 (opened 12-9-15); TP @ 1.5000

Today's closed trades:
EURCAD; buy 186 UNITS @ 1.4800 (opened 12-8-15); TP @ 1.4902 (P/L = $1.42)


Pending orders
EURCAD; buy 186 UNITS @ 1.4800
EURCAD; buy 188 UNITS @ 1.5000; TP @ 1.5100

Will open a EURAUD sell position (165 units; no TP) if the EURCAD position @ 1.4900 drops to 1.4800 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $150.82 USD
Unrealized P/L = $0.62
Net Asset Value = $151.44
%DD =0%
Margin Used = $4.11 (50:1 leverage)
Margin Available = $147.33
%Margin Available = 97.3%

Update as of 7:45 pm est, Thursday Dec 10, 2015:

Current open trade(s):
EURCAD; buy 187 UNITS @ 1.4900 (opened 12-9-15); TP @ 1.5000

Today's closed trades:
NONE

Pending orders
EURCAD; buy 186 UNITS @ 1.4800
EURCAD; buy 188 UNITS @ 1.5000; TP @ 1.5100

Will open a EURAUD sell position (165 units; no TP) if the EURCAD position @ 1.4900 drops to 1.4800 (-100 pips). Additional EURAUD sells will be opened at 100 pip decrements thereafter...

Balance = $150.82 USD
Unrealized P/L = $0.27
Net Asset Value = $151.09
%DD =0%
Margin Used = $4.11 (50:1 leverage)
Margin Available = $146.98
%Margin Available = 97.3%