ATS for May 2008: +8.04R
May wasn’t the best month for the automated trading system, but it made a slight profit:
Mostly we just started off poorly (dropping down below -10R!), but had a steady recovery for the rest of the month. The ATS made 96 trades with a win rate of only 32.29% and an expectancy of 0.08. The 8R we made this month brings our total since mid-March (when we started) to +36.2R.
As I was looking over the results since we started in March, I found this chart of the automated trading system’s expectancy interesting:
It seems to have leveled off at the 0.15 area, which is fine with me. With an expectancy of 0.15 and an average of about 100 trades a month, we can expect to make 15R a month and 180R a year. If the current rate continues in the future, the ATS will reach the +100R mark around October.
