Forex End Of Day Signals
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Forex End Of Day Signals

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Check out this Forex End Of Day Signals performance report for 2011 to see how 15,334 pips and 991% gains were made in 2011....

Check out this Forex End Of Day Signals performance report for 2011 to see how 15,334 pips and 991% gains were made in 2011.

You can duplicate the trades from Forex End Of Day Signals through broker to broker trade copying and use advanced, dynamic money management.

Forex End Of Day Signals solves the problems many other Forex signals services have. This is a real, hands-free Forex trading solution.

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Forex End Of Day Signals Forex End Of Day Signals Document Transcript

  • 2011 Performance Report Forex End Of Day Signals FX Night Flyer System By Edward Lomax Main Site -> http://www.ForexEndOfDaySignals.com <- Main SiteFacebook: http://www.facebook.com/forexendofdaysignalsYouTube Channel: http://www.youtube.com/forexendofdaysignalsTwitter: http://www.twitter.com/forexeodsignalsBlog: http://www.ForexEndOfDayTrading.com
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high levelof risk and may not be suitable for all investors. The high degree of leverage can work against youas well as for you. Before deciding to invest in foreign exchange, you should carefully consideryour investment objectives, level of experience, and risk appetite. The possibility exists that youcould sustain a loss of some or all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all the risks associated with foreignexchange trading, and seek advice from an independent financial advisor if you have any doubts.The purchase, sale or advice regarding a currency can only be performed by a licensedBroker/Dealer; Neither us, nor our affiliates or associates involved in the production andmaintenance of this service or this site, is a registered Broker/Dealer or Investment Advisor in anyState or Federally-sanctioned jurisdiction. All purchasers of services or products referenced at thissite are encouraged to consult with a licensed representative of their choice regarding anyparticular trade or trading strategy. No representation is being made that any account will or islikely to achieve profits or losses similar to those discussed on this website. The past performanceof any trading system or methodology is not necessarily indicative of future results.You must clearly understand this: Information contained here and in the signal service is not aninvitation to trade any specific investments. Trading requires risking money in pursuit of futuregain. That is your decision. Do not risk any money you cannot afford to lose. This document doesnot take into account your own individual financial and personal circumstances. It is intended foreducational purposes only and NOT as individual investment advice. Do not act on this withoutadvice from your investment professional who will verify what is suitable for your particularneeds and circumstances. Failure to seek detailed professional, personally tailored advice prior toacting could lead you to acting contrary to your own best interests and could lead to losses ofcapital.*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVECERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATEDRESULTS DO NOT REPRESENT ACTUAL TRADING. IN ADDITION, SINCE THE TRADESHAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVERCOMPENSATED FOR THE IMPACT OF ANY OF THE CERTAIN MARKET FACTORS, SUCH ASLACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSOSUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TOACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.No representation is being made that any account will or is likely to achieve profits or losses similar tothose shown. In fact, there are frequently sharp differences between hypothetical performance resultsand the actual results subsequently achieved by any particular trading program. Hypothetical tradingdoes not involve financial risk, and no hypothetical trading record can completely account for theimpact of financial risk in actual trading.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 2
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System” Introduction To Forex End Of Day Signals Hello, my name is Edward Lomax and I am the trader behind Forex End Of Day Signals. For those of you unfamiliar with my service, here is a quick overview… Forex End Of Day Signals is a Forex signals service that provides signals for 6 currency pairs (EURUSD, GBPCHF, EURAUD, GBPNZD, USDCHF and EURJPY), based on theDaily time frame.The service uses a Broker-to-Broker trade copy system for highly accurate tradecopying without the need for the client to download platforms, use Expert Advisorsor pay for Virtual Private Servers.For more information, go to: http://www.ForexEndOfDaySignals.com Complete Transparency…I feel it is very important for people to understand what to expect from a Forexsignals service if they are going to get the benefits they deserve. Too often,people are misled by inflated results, cherry-picked trades and in the worst cases,downright lies. This lack of REAL information leads to unrealistic expectations,disappointment, frustration and wasted time and money.This case study is designed to show you“the good, the bad and the ugly” of my FXNight Flyer system during the year of2011. And while past performance cannotguarantee future results… it is a great way ofpreparing yourself for the ups and downs ofREAL Forex trading. I think you are going to be shocked by some of the statistics!© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 3
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System” Performance Overview: FX Night Flyer System EURUSD, GBPCHF, EURAUD, GBPNZD, USDCHF & EURJPY Year: 2011Let’s get right to it by giving you a birds-eye-view of what happened throughoutthe year in the Case Study account. (These images were cut from two differentTrade Journals I use to monitor my progress and evaluate my system). Yearly Stats: Total Pips: 15,334 991.79% GAINPretty self explanatory results. Over the course of 2011, the system produced15,334 positive pips. This took a starting balance of $1,000 and turned it into$10,917.93 for $9,917.93 in profit. That is an impressive 991.79% GAIN forthe year! Complete Honesty: My goal for the system is 6,000 pips a year. I practice “Low Expectation Forex Trading” where I keep my goals very reasonable so they are easy to reach and promote a sense of accomplishment. But even if the system did much less of what it did this year… I would be very happy with 100% profits in one year!© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 4
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”Here is what the Equity Curve looks like…As you can see, there is some pretty consistent growth in the Case Study account.While it has its ups and downs, the system does not have HUGE spikesand drawdowns. I would rather be on a slow and steady pace, than sufferthrough an emotional rollercoaster ride… wouldn’t you?IMPORTANT MONEY MANAGEMENT ISSUES: Knowing these stats withoutknowing anything about the money management is not very helpful. Here are themoney management parameters behind these results.Stop Loss Value: 180 pipsRemember, these trade signals are created from the Daily time frame. 180 pipsstop is quite tight when you take this into consideration.Risk Per Trade: 3%Since we are only trading 6 currency pairs, 3% risk seems reasonable. Peoplewith smaller accounts might choose to use higher percentages. People with largeraccounts might choose to use lower percentages. But for the purpose of this CaseStudy, 3% per trade is what I used.Lot Size Calculation: Account Balance * 3% / 180© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 5
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”Lot size per trade was calculated by taking 3% of the account balance and dividingthis by 180 pips. This gives the per pip value I could risk per trade.Here is an example: $1500 * .03 = $45 (I could risk $45) 45/180 = $0.25 (I could risk $0.25 per pip)Therefore, I would use the lot size that corresponds to $0.25… like 0.02 Lots. (Asthe account grows or shrinks, the lot size changes accordingly). IMPORTANT: It is best to use an account with Micro Lots regardless of the account balance. This gives you more lot size options and can keep you closer to the percentage risk you want to risk per trade.Now that you know what my system did for the year, let’s break it down by monthand go a little deeper into the results… Monthly Breakdown As you can see, some months were better than others… and there was even one LOSING month. But Forex trading is a long term endeavor, so it is important to focus on what happens OVERALL rather than on a trade by trade or even month by month basis. Even with a losing month of -8.94%, the system averaged 23.17% a month in profits. Winning months ranged from between 4.32% and 48.59%. Why? Because you can only take what the market gives you… and some months it gives more than others!Here are the percentage gains represented in a graph…© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 6
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”IMPORTANT CONSIDERATIONS: Let’s say you joined the Forex End Of DaySignals service at the beginning of April. You are full of excitement and ready tosee your trading account grow like never before. And then you only get 4.32%.What a letdown. What a disappointment. But you decide to hang in for anothermonth and are rewarded for your patience and discipline with another 13.52%.OK, that’s more like it, so you decide to let it run another month.By the end of June you lose 8.94% of your account. And while you still have aprofit overall, you are now convinced this is not the service for you… so youabandon the signals service in search of something “better”. You just missed out on the BULK of the profits for the year!© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 7
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”I can’t stress this enough. Forex trading should be approached with a longterm view. It is a marathon race, not a sprint. More often than not, when youmake decisions based on short term results… you end up sabotaging your longterm gains. Part of what I want to show with this Case Study is how you need to stick with the trading… even when it hits some rough patches. The overall results are what matter. You don’t want to throw away signals creating 991.79% GAINS for the year just because it had a few disappointing months, do you?Let’s break the system down even further… System BreakdownHere is the pip breakdown by month… For some reason, the Trade Journal software I’m using did not put the months in order… but the numbers are correct. Best: 2,477 Pips Worst: -539 Pips Average: 1277 Pips© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 8
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”Here is the pip breakdown by currency pair…Pretty self explanatory. GBPNZD, a pair you don’t see traded a lot is the bigwinner with 4,070 pips for the year. This is a big one because I go for a 1000 pipTake Profit. This huge Take Profit was hit 3 times in 2011. (Have you everenjoyed a 1000 pip trade?)Here are the number of trades per month…As you can see, not a lot of trades per month.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 9
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”Here is the number of trades by currency pair…Since this system is traded on the Daily time frame, and the goal is to get intohigh probability trades with high profit potential. As a result, there are fewertrading opportunities and the trades that do trigger usually last for awhile. Just goes to show you… you don’t need to place hundreds or thousands oftrades a year to make excellent profits. Now Get Ready To Be Shocked!© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 10
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”Due to all the misleading information out there about Forex trading, most peoplethink you need a great win rate to be a profitable trader. It is not uncommon tosee systems and services promising 85% to 95% win rates!Even with these inflated win rates, very few of these systems or services areshowing any evidence of getting anywhere close to 991.79% gains. And even ifthey were… how many of those systems or services produced these results for youwhen you tried them? None, right?This is why my win rate is going to shock you! Win – Loss – Scratch RatesYes, you are reading this correctly. My system produced 15,334 pips of profitand increased my Case Study account by 991.79% with only a 44.29%win rate!Less than half the trades were winners… and the other trades were either losses orresulted in no profit or loss.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 11
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System” The truth is, win rate is not as important as money management and trade management. Yes, a system with poor money and trade management needs to have an extraordinarily high win rate to be successful. But again, with my “Low Expectation Forex Trading” mentality, I favor proper money and trade management over a high win rate. (It takes the pressure off trading and emotionally handling losses when you only need to win 44.29% of the time to get fantastic profits!)How Is It Possible To Make 991.79% Profits With Only a 44.29% Win Rate?Let’s take the mystery out of my success.Average Pip Score…My AVERAGE Loss is -111.39 pips, while my AVERAGE Win is 287.05 pips.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 12
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”POST Risk To Reward Ratio…As you can see, winning trades increase the account an average of 5.07% whilethe losing trades decrease the account and average of -1.79%. This means Ihave a Risk/Reward ratio of 2.83. IMPORTANT CLARIFICATION: Many systems claim to have a risk/reward ratio of 1:2 or 1:3. But keep in mind… this is the PRE Risk/Reward ratio. (This is what they strive to get when they enter the trade). More often than not their POST Risk/Reward ratio is a lot lower. 2.85 is the POST Risk/Reward ratio of my system for 2011. (This is what actually happened after all was said and done!)With numbers like these, you can see how it is easy to trade profitably even if youhave a low win rate. Don’t get me wrong… I love to win and hate to lose. But itsure makes trading a whole lot less stressful when you know you don’t NEED towin all the time to enjoy great profits.OK. In the interest of complete transparency I would like to share with you thenumbers on a trade by trade basis. I think it is important to see how there arewinning streaks and losing streaks… but how everything works out great in theend.Remember, successful trading is not about winning every trade, or even having awinning month EVERY month… but getting POSITIVE OVERALL results overtime.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 13
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System” Trade By Trade Stats By MonthRemember, this Case Study account had a starting balance of $1,000.I’ve made some comments so you can get an insight on what it’s like to follow thissystem. I suggest you pay close attention and really try to understandhow YOU would react to these results.January: NOTE: When you first start with your trading, the gains seem to be quite small. It is important at this time avoid letting your emotions get involved. These gains start to really add up the longer you let the profits run through the power of compounding.TIP: Resist the urge to criticize your gains on the basis of total money earned for the month (especially in the beginning). Concentrate on the % GAINS and you will start to see bigger profits over time.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 14
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”February: NOTE: Again, you might be disappointed at this point because you only made $375… but when you consider you made 37.6% gains in just 2 months, this is much more impressive.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 15
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”March: NOTE: See how your account DOUBLED in just 3 months. I don’t care how you look at it… that is some great returns! CAUTION: This quick doubling of your account in 3 months was due to an extraordinary month of March with 2477 pips. DO NOT set benchmarks like this because every year is different, and everyone has a different experience depending on when they join the service. TIP: Avoid passing judgment on system performance until you experience longterm results. This is very hard the first year… but becomes increasingly easier asthe years go by. You’ll learn some years are more profitable than others… whichis fine as long as you set your expectations within reachable parameters.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 16
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”April: NOTE: As you can see, some months are better than others. Coming directly after a BANNER month of March, we have a weak month. But that is just the nature of trading and how the market works. Nothing to get worried about.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 17
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”May: NOTE: Notice this month ended with positive pips even after having TWO losing streaks – a 5 trade losing streak and a 6 trade losing streak. CAUTION: If you join the service and happen to be avictim of Murphy’s Law and hit a losing streak… thisdoes NOT mean the service stopped working. There isa losing streak that over time needs to be overcome. TIP: Dedicate yourself to at least 6 months of using the service NO MATTERWHAT. You don’t want to leave, only to come back and see you missed out on big gains.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 18
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”June: NOTE: Oh my!!!! You might be saying, “This service stinks and has lost me money”. Well, this month did lose 539 pips… there is no way around it. But if you were in from the beginning… you would have still DOUBLED your investment! TIP: Avoid judging the service on a monthly basis… either good or bad. Each month is different. For that matter, each year is different. Try to develop a long term view of performance.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 19
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”July:NOTE: Great month following a losing month. I feel sorry for people who left the service last month and missed out on these gains.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 20
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”August:NOTE: Did you see the 1000 pip winner this month? Yes, that is great. But I want to draw your attention to the negative. Did you see the 5 trade losingstreak… with 4 of those losses being for the FULL stop loss value of 180 pips? This is a perfect example of the ups and downs of trading. You need to be able to handle this emotionally!© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 21
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”September: NOTE: See how there are both losing and winning streaks? 3 FULL losses in a row… but then 8 trades in a row with either profits or no loss. TIP: If you learn not to freak out during a losing streak, you will be rewarded with time periods of easy trading where things just seem to always go your way.(It is easy to be a trader when you are winning all the time… but the mark of a true trader is being able to deal with the losing steaks).© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 22
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”October: NOTE: Hey! There is another 1000 pip winning trade! This made for another great month.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 23
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”November: NOTE: As the year starts to wind down, do you see how the profits are really something to get excited about? Remember, this account started with just $1,000.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 24
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System”December: NOTE: The end of the year ends with another 1000 pip winner! And even with 3losses at the end of December, your account now is over 10 TIMES BIGGER than when you started.It is beneficial to go over these trades andunderstand how it is to trade a system like this.You cannot get upset about losing trades… theyhappen. What is important is the winning tradesmore than make up for the losses… making this a veryprofitable way of trading.© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 25
  • Forex End Of Day Signals: “2011 Performance Report for FX Night Flyer System” ConclusionI’ve been trying to help people become profitable traders for some time now byrecommending systems and services I thought were worth a look. But I’verealized very few people were able to turn my recommendations into real profits.This is why I decided to start my own Forex signals service.Since I never intended on running a signals service, I didn’t set up a 3 rd partytracking account like MyFXBook.com from the beginning. This is why I did thisCase Study in this way. In the future, all stats will be provided by a real moneytrading account based on the copied trades provided by my service.It is my belief that my system works and is profitable. It is also my belief thatother people can DUPLICATE my success by having my trades copied into theirtrading accounts. But it is also going to take complete transparency and ongoinginteraction to keep people on the path to profits.The truth is, many people end up second guessing signals, filtering tradesor managing trades improperly when involved in a signals service. Thismeans they get drastically different (and by different I mean WORSE), results thanthe service. I’ve decided to run my service in a way that overcomes most of thepitfalls of other Forex signals services. To learn more about me, my signals and how to duplicate my success… http://www.ForexEndOfDaySignals.comI’ve created many outlets for people to gain confidence in Forex End Of DaySignals before they make a decision to join. I also think this is a great way tokeep people involved once they are a member… which helps avoid peoplesabotaging their long term gains.Facebook: http://www.facebook.com/forexendofdaysignalsYouTube Channel: http://www.youtube.com/forexendofdaysignalsTwitter: http://www.twitter.com/forexeodsignalsBlog: http://www.ForexEndOfDayTrading.com© 2012 Forex End Of Day Signals - All Rights Reserved. http://www.ForexEndOfDaySignals.com Page 26