Year 2020 has finally arrived. Here’s the performance review for the month of December. As you see from the charts, the biggest event mover occurred on December 13th following Boris Johnson election in the U.K. Other than this, nothing abnormal, no changes required.
My Challenger system is becoming my new favorite model, as it just keeps grinding the market at very little risk compared to my ATM system. Unfortunately, all my other systems have not performed as expected and I will probably remove them from forward testing in the next month.
For those relying on backtesting samples, here’s another reason why they are not reliable and should only be used as preliminary purposes. I still have hope in the Collector system but I wish it would trade more frequently. Due to lack of data for this system, I am not yet ready to make changes to the algorithm.
The following content requires a minimal understanding of control charts which are generally used in manufacturing, quality assurance and lean business management. A quick YouTube or Google search will help you understand their meanings.
12/29/2019: ATM is now in drawdown control mode due to the increase in exposure with GBPCHF and AUDCAD pairs. All other pairs have been disabled.
12/29/2019: Challenger is now in drawdown control mode due to the increase in exposure with EURGBP, GBPUSD, and USDCAD pairs. All other pairs have been disabled.
1/2/2020: ATM no longer in drawdown control mode. Now operating as usual.
1/2/2020: Challenger no longer in drawdown control mode. Now operating as usual.
I am now adding another tool to my trading arsenal which will monitor the available equity and drawdown levels for both ATM and Challenger. This tool will send out alerts to my email whenever drawdown reaches >=5% and I will then proceed to force systems into drawdown control mode. This will prevent overtrading, excessive drawdown and protect the accounts.
Next Steps & Objectives:
I want to turn my trading systems into signal services and slowly build a stable passive income. In the next few days, they will become available under the MQL5 signal service umbrella for 20$/month. Both systems are now at +100$ accumulated net profit after running live on cent accounts for 2 months.
To capture new leads, I will be using Instagram @quantisfx and multiple Facebook Groups as my main traffic drivers. I currently have 4 subscribers to my QuantisFX.com newsletter. My goal is to reach 20 subscribers by the end of January.
Wish me luck!