Welcome to My 5EMAs Forex Trading System Results page!
Are you curious as to how someone new to trading the 5EMAs Forex Trading System will perform?
Check out my trading results beginning from my very first 5EMAs Trade!
My Day Trading Results with the 5EMAs Forex Trading System
With all trading systems in the market place, how do you know which ones really work and which ones don’t?
That’s why I’m setting up this day-trading results page using the 5EMAs Forex Trading System for you to follow along with me as I trade the forex currencies. You’ll be able to see:
- My Guidelines For Day-Trading This System
- A Weekly Update on the Account Equity
- The Detailed Report from my Demo-Trading Account
The purpose of this page is to track my results from day-trading over a period of time. Specifically, it’ll track my results from learning how to use the 5EMAs Forex Trading System which is designed for day-trading and scalping with the trend.
Just in case you landed on this page with no knowledge of what the 5EMAs Forex Trading System is, you can check out my in-depth reviews of what it’s all about here:
- The (Standard) 5EMAs Forex Trading System Review
- The (Advanced) 5EMAs Forex Trading System Review
- The TraderBO Divergence Trading System Review
In fairness to the trading system, I personally find that it is a simple, robust day-trading system that should continue to work in the long term. On this page, you’ll see my trading results right from the very beginning as I learn the ins and outs of the system and do my best to take only the best set-ups.
Expect the trading results to improve over time as I get more comfortable both with day-trading and using the 5EMAs Forex Trading System. Although I have to say that the accuracy of the entries with the first couple of trades is already quite amazing.
My 5EMA Forex Trading Guidelines
The first trade was taken on Monday, October 08, 2007. The 5EMAs Forex Trading System has a suggested account risk per trade, and I am comfortable with using the following guidelines:
My Money Management Rules
- Maximum 2 - 2.5% risk per trade.
- I will use the closed balance to determine the position size of the next trade.
- I will not risk more than 8% of the account at any one time.
This means that I can take a maximum of 3 - 4 open trades simultaneously. - The target number of trades a day will be 1. However, if circumstances allow more trades at NO additional risk or loss to the account, I may consider taking them. In most cases, I still expect to trade only once a day.
- I will use Exit Strategy 1 trade management rules as much as possible, and will only exit positions if I am around and observe Exit Strategies 2 or 3 being triggered.
The 5EMA Forex Trading System Results
The account was started with $10,000 on Monday, October 08, 2007 with a demo account. For the latest updated detailed report:
Changes In Account Equity Week By Week
Starting from $10,000:
- End of Week 1: $10,513.20 (+5.13%)
- End of Week 2: $10,983.56 (+4.47%)
- End of Week 3: $10,206.23 (-7.08%)
- End of Week 4: $9,620.75 (-5.74%)
- End of Week 5: $9,940.09 (+3.32%)
- End of Week 6: $9,857.48 (-0.83%)
- End of Week 7: $10,162.48 (+3.09%)
Update: December 3rd, 2007
I’ve completed my initial testing of the 5EMAs Forex Trading System, and will be incorporating some of the trade set-ups into my personal trading system. I’ve rounded up my testing of the 5EMAs Forex Trading System with a blog post, which you can find here:
The 5EMAs Forex Trading System Summary
To read more about the 5EMAs Forex Trading System, it’s bonuses and other benefits:
The 5EMAs Forex Trading System
