NORTH – Long Only
Direction: Long Only
Leverage Used: 2:1
Max Drawdown: -6.79%
Starting Capital: $10,000
Ending Capital: $12,490
Net Profit (Month February): $456
Net Profit % (Month February): 3.79%
Net Profit (Since Inception): $2,490
Net Profit % (Since Inception): 24.90%
February was a solid month posting an overall gain of 3.79%, but nothing close to the 20.34% profits made in January! Things started very good, because after first few days with mixed results, systems started to make profits and at one point was at a gain of more than 8%. As we said last month, based on backtesting results we’ve done, average monthly profit is from 5% to 8%, so this months result is below historical average.
At the end of a February, system made 3.79% before commissions and made a compounded profits of 24.90% since January 2011. Drawdown in February was -6.79%, and that is now also a maximum historical drawdown.
Largest daily loss was -5.17% and largest daily gain was 3.74%.
At the end of February 2011, since inception, NORTH trading system made $2,490 and finished a month with a balance of $12,490.
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