This time, take a look at AutoForexTrading at AUDCAD currency pair.
The same as last time, we let AutoForexTrader do the job for 1 calendar year. This particular currency pair was great choice to show some very low drawdown (DD) levels. Trading with one currency pair is mostly for those traders, who prefer less risky strategy with lower annual performance of up to 10% p.a..
If you are conservative-like investor, this video is made for you:
Let’s see a short summary:
- Applied AFT trading strategy: Super-conservative
- Period traded: 01.05.2014 – 31.5.2015
- Initial deposit: 10 000 USD
- Max. drawdown reached: 336.76 (3.37%)
- Profit after 12 months: 734.11 USD (7.34%)
- Volume of bought positions / Floating P/L after 12 months: -325.82 USD
- Net Profit: 408.29 USD* (4.08%)
*Net profit presents profit at the moment of a trading year ending by May 31, 2015 and closing all the positions. To do that, we do not have any rationally based reason, however. Thus, we would wait until the trading cycle closes in order to maximize our Net Profit. In this video, we were looking to present real life example, rather than making up results looking too good. To get there, however, one needs a bit more patience.
Who might prefer such trading strategy?
- traders who prefer to invest minimum time into looking after their investment
- traders, who want to minimize the risk which is inevitable part of forex trading
- traders who do not seek tens or hundreds of percent interest p.a.
- traders and investors who like to combine very simple and lower risk trading strategies in order to maximize potential profits while keeping the risk under sophisticated control (we’ll talk about this more later this autumn, it needs a trader to have certain level of skill)
What were the basic characteristics of this investment?
During the year we applied the latest version of Automated Forex Trader at AUDCAD currency pair between May 2014 and May 2015. Trading was performed via Metatrader 4 trading platform with initial investment of USD 10 000. AutoForexTrader has opened total of 157 trading positions, 118 out of which were SHORT and 39 LONG trades. The video presents three main parts of tested period – intro, middle and closing part.
AUDCAD currency pair can offer high volatility, which can be appreciated by traders especially at a time when major currency pairs are out of their most volatile trading hours. Trading opportunities for AFT are present even in case of nervousness and asymmetric developments in commodity markets. Australia is one of the biggest exporters of raw materials within mining industry. On the other hand, Canada is one of the largest oil exporters. Therefore, the price of oil has a very significant impact on AUDCAD currencies trading. Canadian dollar rises with the increase in oil prices and vice versa. Lastly, Australian Central Bank (RBA) and the Bank of Canada (BoC) often provide great influence to both AUDCAD currencies.
What events have influenced the trading year?
During the tested period AutoForexTrader had to deal with large amounts of extreme market movements caused by individual central banks decisions on increasing or reducing interest rates. Also, a long-term declining price of oil took significant effect on CAD trading. As of now the price is below $ 50 per barrel (it is 09/2015 when this analysis goes public) and Looney weakened quite dramatically against many currencies. Nevertheless, highest drawdown level achieved by AutoForexTrader was 3.37% ONLY. Further, it applies to the whole tested period. In general, this result is one of few yet to be presented to you. Get ready for the next Video review as we made some outstanding result there! It is going to be CHFJPY fairly soon.
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