Results From Last Night’s Trade

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In my last post, I showed you some trades that I was looking at and at the end, I mentioned that there was a Wallaby Trade that setup.  I took the trade after I recorded the video, so here is an update on how it turned out.

This trade was done in a demo account, but I try to treat it like a real trade as much as possible.  One thing that helps is by tracking the progress of the account in MT4i.  Here is the current status of the account via the handy dandy widget:

Anyway, here is the result of the trade.

I have only taken two Wallaby Trades in this demo account so far, but they have both worked well.  In backtesting however, the results show that although the trade is profitable so far, but there are instances where it can lose 7 times in a row.  I haven’t dug deeper into when that happens or how to prevent it, but it is something that is always in the back of my mind when I am demo trading.

As soon as I go through testing the 11 years of data that I have for the EURUSD, I’ll go back and see if there are any ways to improve the profitability of the trade.  Until then however, I’m going to keep taking trades in the demo account and see how it goes.

Have a great weekend!

If you enjoyed this article, you might also like:

1. 1 Hour EURUSD Wallaby Trade
2. August 18, 2010 – GBPUSD London Trade
3. FAP Turbo Review Real Money Results Weeks 1-14
4. Backtesting Results for the Wallaby Trade in January 2001
5. The Results of My Penny Stock Trade