SLK Forex Journal
Manual backtest results, starting capital $3700 (7 January - 31 July 2008)
Capital grew 33% in 6 1/2 months, about 5% per month.
Final account balance: $4,929, an increase of $1,229.
Backtest based on entry time 4.40 pm, expiry time 8.20 pm.
Am going to study another form of money management to add on to my current MM plan. Was thinking if the account has started growing steadily by taking profit at 50 pips everytime, perhaps if buying one extra lot to put trailing stop on, around 30 pips, would be helpful for faster returns.
This is not to replace the 50 pips plan, but to put on top of it. Am going to test this out on the same time period I just tested to see what's the difference.
Update: Have done the manual backtest according to what I posted earlier, same trades, except all taken with one extra minilot to let run. I tested with 40 pips trailing stop, set after the other lots have taken profit at 50 pips.
The account grew 47.75% in 6 months, about 7.3% per month.