FX demo trading performance by Hantamfx™
Editor's note: We introduce Mascot and Virtual Contributor 'Hantamfx' who will share his forex demo trading performance for educational and entertainment purpose. The trades here are done on a demo trading account where losses can be 'disappeared' while wins are just for fun. We make no claims of any kind and you agree that we are not responsible for your action.
Forex trading demonstrator: Hantamfx™
Hantamfx was a feature started on 20 January 2015. It is a demo trading account that we use to provide metrics for trading performance. Content was originally exclusive. We now open it up for a limited period of time as we ponder where to take it.
Behind this demo account is a real person who is managing it. We do not edit results.
Old snapshots are archived here.
Some related content here:
- Is this forex trading result good enough for you?
- Duration of Tflow® forex trades
- Wednesdays and Thursdays are best days to trade FX for me
- Beware the new forex scam: win-only trading statements
- Consistent position sizing (mini-sized contracts)
- No scalping
- Currency pairs (focus on 'movers')
- Practice SL and TP
- Motto: 'Ride the winners and cut the losers'
Update 11 March 2015 - This is not the usual update but as requested
Update 13 March 2015 - End of week update
This result can be yours too. Join our 4M or BP class for weekly lessons to learn from the best. If you have friends who are keen to learn forex trading, intake 47 is open for registration. Introduce them so that you have trading buddy in future.
Also if you like the new support that our bosses have provided these two weeks here, here, here and here, please leave a feedback so that we can improve and receive confirmation that we are going in the right direction!
Update 16 March 2015 - Beginning of week 12 update
If someone were to ask me what I did to make the equity continue to grow over the weekend, the answer is I did some trades on GBPUSD and crosses mid-week last week.
Lastly this is one chart we have never shown before.
Update 19 March 2015 - Post-FOMC losses
Hantamfx is no super hamster. Took a big setback as well. Lost $40K trading equity and that is a slightly more than 20% drawdown. Experienced as the bosses are with all the caution given, some hits are just unavoidable especially since the EURUSD pullback was a move of multiple standard deviations move that may be unprecedented (although Fukushima triggered move in USDJPY back in 2011 and recent January's SNB shocker comes to mind).
Important thing however is we kept to our process and that means position sizing counts as well as ensuring stop losses are kept. We are sure that if we keep to our process, the right and consistent outcome will be delivered.
Note: Equity is a combination of balance and floating P/L i.e. not closed yet. The 'losses' here all NOT all losses. However because even winning positions were greatly diminished after getting stopped at not so good prices, equity had to take a hit. In our opinion, this is part and parcel of the business.
Update 27 March 2015 - Future direction
Some of you may have noticed that there was no Monday update this week. The fact is since Tiong Hum started writing the series 'Looking at currency pairs this week – Wk13 2015', the direction of Hantamfx became a little unclear. It is be more so in the near future since there are plans to go into a multimedia type of presentation including video and podcasting so that there is a richer learning experience. Stay tuned.
For today, there is not much to update. Since the FOMC shock, there has been a lot of noise and retracement and yet missing directional movement that we are so good at catching. My demo trading account is stuck at the same equity level as last week - no problem, as technical traders like to say, I am merely building a consolidation pattern for the next leg up with $43k gain since 20 January.
More meaningful to those of you who are not studying this line by line, this graph below shows the type of positions I have. Note that since this demo account has a base currency in AUD, that oversized piece of AUD pie on the 'long positions' is actually merely unused margin. Therefore notable shorts in GBP and EUR.