This is a quarterly review of my personal FX trades. The numbers are for Aug till Oct 2019 with the broker Axitrader. Though it is before the end of Oct, it has been an exceptional quarter. Furthermore, there are no more positions opened which may cause drag or a massive drawdown. As such, it is decided to end the quarter 1 week earlier.
For this quarter, it is a mixture of Hang Seng Index (HSI) and the major EURUSD pairing. The HK riots are still ongoing at the point of writing. And at the rate it is going, it is highly likely that it may continue to drag and escalate over time.
The HSI buys are all closed with profits. It was bought with the assumption that since the HK people are relatively more economic-focused, and so the riots may die down and HSI may recover to its previous highs. HK riots have caused much drag on HK market and resulted in many undervalued stocks. No doubt HSI did recover a little, but it is not the highest. Still, it is good enough with decent profits.
For the last week of Sept and almost 1/2 of October month, I was away for In-Camp-Training. So not many trades are done. Thankfully HSI positions which caused a drawdown during the previous months come to fruition and contributed much to this quarter results.
Overall, the target of 10% per month has been achieved. For the months of Aug, Sept and Oct, it is 14.7%, 16.03% and 4.39% respectively. This brings to an average of 11.7%.
Similarly, the drawdown percentage has been cooled down once the existing positions are closed. Moving forward, there will be no HSI positions and it will be switched with Dow Jones index instead. Being nimble and careful is the better way to go in this market.
Currently this account is with the new broker, Axitrader, after our previous broker left us. If you need a good FX broker, you may consider Axitrader. The spreads are reasonable and even though Axitrader is a market maker, the spread is still acceptable.
And lastly, if you like this system and will like to copy these trades, please go to the following link: https://www.mql5.com/en/signals/578304
Till the next quarter. Cheers!
