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Death of the Accelerator Trade

I have been trading the Accelerator Trade for a few months and I have officially decided to stop trading it.  My initial backtesting was done on more recent years data, going back to 2008.

Those results were really good.  I have since gone back to 2001 and also had the good fortune of having an [...]

May 26, 2010 GBPCHF Accelerator Trade

Here we go again with the Accelerator Trade.

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The result was almost exactly the same as the last trade this week.  This time, I exited one position early at a small gain.  Therefore, only three positions hit the stop loss at 6680.

I ended up losing -1.5% on the trade. [...]

May 25, 2010 GBPCHF Accelerator Trade

Here is another Accelerator Trade in action.

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This was a tough week for the Accelerator Trade.  As you can see, price bounced of the edges of the stack box without hitting the target.  This is the kiss of death for the Accelerator Trade.

I have started using hard stop losses [...]

May 21, 2010 GBPCHF Accelerator Trade

This week was pretty wild but I think there are still a few more pips to be had.

Price seemed to be ranging around the Weekly Pivot, so I put in one last trade for the week.  Here is the setup on the 30 minute chart.

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As you can see, [...]

May 19, 2010 GBPCHF Accelerator Trade

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Wow, this was a quick one!  It looked like the market was going to snap back to the target just below the weekly pivot so I put this trade on before I went to sleep.  As you can see, price hit the target very quickly.

I like these types of [...]

May 17, 2010 GBPCHF Accelerator Trade

After my last trade, I decided to scale my trade size way back.  This is my first trade at the lower lot size.  Here is the 30 minute chart:

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All positions were entered on this trade.  As you can see from the chart, the trade then proceeded to go against [...]

May 12, 2010 GBPCHF Accelerator Trade Pt. 2

I closed out the last trade at a loss because I was afraid that the trade will go sharply against me.  Well, guess what?  Price dropped back down, so I decided to put the trade on again.

Here is the 5 minute chart:

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What happened?  I got nervous again and [...]

May 12, 2010 GBPCHF Accelerator Trade

Two positions were entered on this trade and it started to go against me.  I decided to exit early to prevent a big loss.  Here is the 30 minute chart:

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As you can see from the chart, as soon as I exited, price proceeded to hit the target.   I exited [...]

May 11, 2010 GBPCHF Accelerator Trade

Here we go again with the Accelerator Trade.

Click above to enlarge

Being a little gun shy from the last Accelerator Trade, I ended up exiting this one a little early.

As I mentioned in my last post, I decided that the best thing to do would be to exit the Accelerator Trade at [...]

May 9, 2010 GBPCHF Accelerator Trade

Here is another typical Accelerator Trade.

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This actually opened and closed on Sunday and was good for a +12.0% gain on the account.