We had one trade trigger today and it missed our target by only a few pips and retraced to our trailing stop, giving us a nice gain. The trailing stop is really nice, so you don’t give all your gains back. This trading strategy has it’s pros and cons, because you do leave pips on the table, but being a little bit more conservative is the right play. When we do hit the big breakouts it will make up for it. It looks like we are above break even again. Remember this is for testing only. This is to show you how easy it is to test a trading strategy and determine if it is worth pursuing in a live account.
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The Correlation Code review can be read here.
