Digital Diatribes

A presentation of data on climate and other stuff

Forex Account Update as of 4/30/2012 [Through 10/31/2011]

Posted by The Diatribe Guy on May 4, 2012

Continuing my account updating:

OUTSTANDING ORDERS as of End of Day 09/30/2011 settled by End of Day 10/31/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
09/02/2011 BUY 0.01 eurgbp 0.87695 10/27/2011 0.88034 +5.44
09/09/2011 BUY 0.02 eurusd 1.38658 10/24/2011 1.39348 +14.06
09/09/2011 BUY 0.01 audusd 1.04806 10/27/2011 1.06241 +19.98
09/12/2011 BUY 0.02 audcad 1.02912 10/12/2011 1.03376 +14.33
09/21/2011 SELL 0.01 usdchf 0.89256 10/21/2011 0.88409 +8.38
09/21/2011 BUY 0.01 audusd 1.01684 10/14/2011 1.02404 +10.17
09/23/2011 BUY 0.01 xauusd 1676.42 10/11/2011 1680.93 +4.38

*Net profit means profit after consideration of swap fees (these can be negative or positive)

New Orders since End of Day 09/30/2011, settled by end of day 10/31/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
10/12/2011 SELL 0.01 gbpjpy 120.825 10/18/2011 120.225 +7.50
10/12/2011 SELL 0.01 eurjpy 106.969 10/13/2011 105.569 +18.07
10/14/2011 SELL 0.01 eurchf 1.23859 10/20/2011 1.23021 +8.95
10/14/2011 SELL 0.01 eurjpy 106.935 10/17/2011 106.540 +5.06
10/20/2011 SELL 0.01 gbpchf 1.42603 10/20/2011 1.40925 +18.76
10/20/2011 SELL 0.01 usdmxn 13.6283 10/24/2011 13.4643 +12.40
10/31/2011 SELL 0.01 cadjpy 78.813 10/31/2011 78.280 +6.84

New Orders Since end of day 09/30/2011, still outstanding as of end of day 10/31/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
10/26/2011 BUY 0.01 usdtry 1.7557
10/31/2011 SELL 0.01 usdjpy 77.189
10/31/2011 BUY 0.01 eurgbp 0.86157

Carried Orders Since before end of day 09/30/2011, still outstanding as of end of day 10/31/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
08/04/2011 SELL 0.01 usdcad 0.96454
08/04/2011 SELL 0.01 usdmxn 11.8786
08/08/2011 SELL 0.01 usdmxn 12.1198
09/06/2011 SELL 0.01 usdchf 0.82308
09/08/2012 SELL 0.01 usdchf 0.86223
09/09/2011 SELL 0.01 usdmxn 12.6103
09/16/2011 SELL 0.01 usdmxn 13.0215
09/21/2011 SELL 0.01 usdcad 0.99709

Equity Balance @ 10/31/2011: $3,928.31
Current Month Return: +24.98%
Initial 10/31/2009 balance: $2,360.46
Current Yield since inception: +66.42%
Annualized Return: +29.00%
Average monthly return: +2.14%

11/1/2009 – 7/31/2010: +89.71%
8/1/2010 – 10/17/2010 (the date at which point I ceased the short strategy and liquidated positions): -34.35%
10/18/2010 – 12/31/2010: +11.94%
1/1/2011 – 1/31/2011: -7.23%
2/1/2011 – 8/31/2011: +29.80%
9/1/2011 – 9/30/2011: -20.68%
10/1/2011 – 10/31/2011: +24.98%

Journal Notes:
Well, I confirmed it. I actually had received an e-mail (I get account balance e-mails every day, so I probably just missed that it was something else).

Dear Trader,

As a result of the Dodd-Frank Wall Street Reform Act, new regulations will be coming into effect on July 16, 2011. All U.S. based retail forex dealers such as FXDD will be prohibited from offering leveraged trading in precious metals to retail clients after Friday, July 15, 2011. As a U.S. based trader, FXDD will no longer be able to offer you leverage based trading of Gold and Silver as of 4 P.M. EDT July 15, 2011.

It is FXDD’s current plan to continue to offer our U.S. based traders the opportunity to trade Gold and Silver, however, on a 1:1 non-leveraged basis, which will require substantially more margin. If you do not have sufficient margin to cover your open metal positions on a 1:1 basis, you will need to reduce your exposure before 4 P.M. on July 15, or risk all remaining open positions in Gold or Silver being closed out automatically and the remaining balances deposited back into your trading account.

The new regulations will not affect other Forex pairs and as always, FXDD remains committed to bringing new and innovative products to our clients.

We appreciate your understanding and loyalty. We look forward to your continued business now and into the future.
Sincerely,

FXDD

So, looks like that’s what happened. Damn, now I’ve got a bunch of money tied up in a non-leveraged asset currently at a loss. I’ll wait it out a bit and see what happens over the next week or two, but this is clearly not the best use of my money.

Well, thank God the government is protecting me from myself. Wouldn’t want to go bankrupt by leveraging a bunch of gold.

My fault, though. Missed the message they sent on it.

Oh, well. So much for that whole thing.

OK, I’m back to my strategy. Looked at the charts and my spreadsheets and now have a number of pending orders at target entry points. Will continue to watch the total number of positions I’m in but now that the margin’s freed up I can get back to things as planned.

I was asked the question as to the average capital tied up on each trade. At 50:1 leverage, my average capital tied up per microlot is a bit light of $35. So, when I target a $5 profit per microlot it is a 14-15% return on actual utilized captial. However, I never have all my capital tied up in margin, so actual returns on total account is far less.

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