Sunday, May 1, 2016

Review of April 2016

I chalked up another profitable month in April. I grew my account by 4.22%, which was slightly less than March (4.27%). 

Trades: 11
Account growth: 4.22%

Lower frequency of trades

I didn't trade as often as I did back in March. I only executed 11 trades vs March's 16.

Broke 10% benchmark

I also managed to reach the 10% growth benchmark, although a few losses in the last week of April brought me back down to 9.1%. I should reach 20% this year, and possibly even 30%. A 30% return would be fantastic, but we'll see. According to Myfxbook, my average monthly growth is 2.29%, so 30% is feasible. 

Next month

I spent a bit of time in April backtesting on the 4H timeframe. I'll probably continue to invest more time on the 4H in May. I'm not expecting much, though. 

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