Watch AutoForexTrading at CHFJPY currency pair.
The same as last time, we let AutoForexTrader do the job for 1 calendar year. This particular currency pair was a bit different. Not only it performed very low drawdown (DD) levels but we also see what an opportunity can market offer to a patient and conservative investor. 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..
However, an unexpected happened!
If you are curious what happened, watch this short video:
Let’s see a short summary:
- Applied trading strategy: Super-conservative
- Period traded: 01.05.2014 – 31.5.2015
- Initial deposit: 10 000 USD
- Max. drawdown reached: 896.92 (8.97%)
- Profit after 12 months: 4 931.85 USD (49.32%)
- Volume of bought positions / Floating P/L after 12 months: – 2 415.40 USD
- Net Profit: 2 516.44 USD* (25.16%)
*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 CHFJPY 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 135 trading positions, 65 out of which were SHORT and 70 LONG trades. The video presents three main parts of tested period – intro, middle and closing part.
CHFJPY currency pair is a combination of two currencies whose strength and volatility is largely influenced by their central banks. Swiss Franc (Swissy) is the sixth world currency by trading volume. It is considered a “safe haven” due to non-inflationary environment of the national economy and its high stability. Japanese yen is the third most traded currency of the world and most actively traded currency in Asia. It accounts for about 4% of global foreign exchange reserves. The Japanese economy is largely tied to exports, which meets weak currency. For this reason, we have been witnessing massive quantitative easing by the Bank of Japan, which helps to weaken the yen.
What events have influenced the trading year?
Central banks’ decisions have had the biggest impact on the CHFJPY currency pair during the tested trading period. In January 2015 the Swiss central bank unexpectedly canceled the EURCHF PEG level introduced earlier in September 2011. PEG was to protect its currency against depreciation against the euro. Consequence of the abolition of PEG was massive strengthening of the franc. CHFJPY currency pair then in minutes increased by more than 1,500 points. Nevertheless, AutoForexTrader Super-Conservative strategy handled such extreme market movements very well. Thus, keeping the risk under full control, resulting in a total net profit of 25.16%. To highlight the uniqueness of the trading system, the maximum DrawDown levels during extreme fundamentals did not grow over 8.97%!
This result is proof of how AutoForexTrader superbly minimizes the risk while doing its business.
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