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B, Wheres you P/L sitting at this point?

That is very true. A return will be made as the prices get back to the mean while interest will be earned as well (when the current long/short of the 10 currencies is used). What a trader could do is run the 10 pairs on a virtual account and when the floating P/L increases significantly...open...

Thanks for the prompt replies Michael. I will start playing with this starting 15EST on Monday (the spread should be less at Oanda). My goal is siginificantly less than yours as I would also like to reduce equity swings. The goal is to employ the unused leverage on the accounts as much of...

Excellent. I will play with this myself. Yet another question>What is the base currency factor? How is it calculated? Regarding edits>Yea I do it myself (this is one).

Gotcha. Any chance you could give a little primer on how to use your spreadsheet? I understand the amount of each currencies to enter, but how is adding to currencies done? Thanks for sharing this by the way. I have been trying to build a carry strategy (well pseudo carry i guess) so this is...

Okay. So basically you are using correlation to hedge off the excess risk? It will be interesting to see how it deals with interest rate changes. It is great that the system is EUR and USD neutral.

Sounds good michael. However, what happens when there is a change in the interest rates? How would the system take that into account?

Made a mistake in posting. LoL at bit.

Ignore

Sounds good. So you are up almost 40% in 5 months. Thats some sick trading considering your sharpe is above 3 still correct? Great work B.

B, Nice to see you doing currency trades. I have looked into carry trading as well but really couldn't figure out how to possibly hedge myself in case of a significant new development (natural disaster, terrorist attacks etc). I looked into the simple USDJPY and NZDJPY correlation trade but...

Hey B, I still get subscription to your thread on my email and just saw you surpass 1mio a while back. Congrats on hitting that milestone. Best of luck on your future trading.

Last post for me on Elitetrader. It seems that some people can't fathom the idea that someone as young as I am can make cash while they are losers (as with the rest of the majority). This seems to strike a nerve with them. So good luck to the few. Good riddance to the rest.

are these systems intraday or end of day? Intraday trading model. What about drawdowns? Depends on size I am pulling. At my current size the max drawdown should be around 20-25% with probable swings of 10-15%. Yes I am highly leveraged but this is on my personal problem and I can...

Total P/L FX: +$6102.21 Total Return FX: +110.95% Standard Dev. (Daily Return): 4.9 Mean Return (Daily): 1.95 Risk Free Rate (Daily): 0.4447 Daily Sharpe: 0.31 Annualized Sharpe: 4.87 Overall the systems have performed very well this week. There was a large drawdown after reaching...

Aka Coinz haha.

Total P/L: +$5646.50 Total Return FX: +102.66% Well nice way to start the weekend. However, I am a little angry at myself. I closed two trades manually short usdchf and long usdjpy before the systems closed them. Currently these two trades would be up some 400 dollars more. I certainly learnt...

Thank you. Good luck on your trading.

Nope no one in my family has any connections in the investment or trading world what so ever. Well I post at a few college admissions site and SAT prep websites maybe that can change your mind ;). However, I understand your skepticism.

I would have to disagree. In regards to equities I used quantitative screens looking at both fundamental and technical information to create a list of possible candidates with a statistical edge of success. As fpr FX you could say I take a "trading" approach. Those who think I am blowing hot...