Sigh... http://www.investorwords.com/3454/open_trade_equity.html Just this once, opened trades: Short eurusd Short eurgbp Long Nasdaq Short silver Long 10 year treasury note Long gbpchf Short audusd Short eurjpy Long usdchf Short ftse100 Short copper Long usdcad Short gbpusd Short gbpjpy
No need to "sigh", I understand all about open equity. Do you know the maintenance margin requirement of all those trades, your overall leverage and the VaR for your closed equity, which is obviously much less than $270K? Do you know you have redundant positions in forex? For example: Long GBPCHF Short GBPUSD Long USDCHF are three of your open positions. All you need is a double position long USDCHF.
At the moment required margin is 44k. Leverage 9.94. I don't use VaR to measure risk. As for redundant positions I'm aware of this, but I want to keep everything as in the backtest.
A few changes to the system that resulted in closing some positions and reducing others (current leverage is about 7). Closed short GbpJpy with profit +3.3k Closed long UsdChf with profit +13k Closed long GbpChf with profit +4k Closed long UsdCad with profit +3.7k Closed long Tnote10 with profit +6k Opened long GbpChf @ 1.4820 Opened long UsdChf @ 0.96628 Opened long UsdCad @ 1.04073 Opened long Tnote10 @ 134.22 Account Value 259k
A few more changes to the system that I will explain later. Closed long UsdJpy with loss -2300 Closed long sp500 with profit 2300 Closed long NASDAQ with profit 4700 Closed long DJIA 3700 Opened short GbpJpy @ 123.94 Opened short Oil @ 85.37 Opened short Gold 1630.2 Account Value 230k
I have to give it to this guy at least he is posting an honest journal. My doubt though is if its real money or a Sim account? Its got to be impossible to sit through that type of drawdown.