SOUTH – Short Only
Direction: Long Only
Leverage Used: 2:1
Max Drawdown: -9.24%
Starting Capital: $10,000
Ending Capital: $31,354
Net Profit (Month April): $7,013
Net Profit % (Month April): 28.82%
Net Profit (Since Inception): $21,354
Net Profit % (Since Inception): 213.54%
April was another very good month for our system, posting an overall gain of 28.82%, after making 53.16% in March! Unlike last month when system started to make money from the first day, this time system lost money for the three consecutive days, and that resulted in a higher drawdown. After having a negative first week, system started to make profits and continued to do so until the end of a month with only one more negative day. Because of that negative first week, our drawdown based on loosing trades in April increased to -9.24%.
At the end of April, South trading system made 28.82% before commissions, and a compounded gains of 213.54% (since inception in January 2011). This month’s drawdown was -9.24%, which is higher then a historical drawdown of -5.37%. It is important to understand that reported drawdown was based on loosing trades only, which means that if a trade was profitable when closed, but had a loss while it was opened (because of natural contractions of the market), that loss would not be reported by our drawdown calculations! Real drawdown is allways higher by 3-5%, so readers should know this.
Largest daily loss during the month was -4.73%, and a largerst daily gain of 8.24%.
At the end of reporting month and since inception, South trading system made a profit of $21,354 and finished a month with a balance of $31,354.
To see South's last month report click here, and other trading systems offered click here. If You would like to subscribe to this system and start reciving daily Trade Alerts, click on the link below and fill out the form:
No comments:
Post a Comment