At almost the half year mark is as good a time as any to see how the Sniper has been doing in 2018. This is the robot I developed more than five years ago to trade the Forex markets, in particular, the EUR/USD pair and XAU/USD (spot gold vs US dollar).

EURUSD

Three trades so far.
The robot has been pretty successful trading the Euro this year. A scratch to begin. Then a Long position from January 15 to February 6 that brought a 3.43% gain. Then a short position that was held for 41 days that brought 446 pips. The hidden benefit here was that when you are short EUR/USD, you are at the same time long the US dollar. When the currency that you are long has a higher interest rate than the currency you are short, you receive a daily interest for holding that position. So, extra income was made in those 41 days which I don’t track here for simplicity (besides, the opposite is also true. i.e. you pay an interest when you are long the currency with a lower interest rate).

So far the Sniper is up +14.10% for the year on the EURUSD pair. It has been riding trends (or attempting to) for 74 days, or about 40% of the total time these 6 months. This is a little higher than the historical results (33% of the total time, the Sniper is riding a position), but this is due to the cleanliness of the downtrend ridden with that third trade.

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XAUUSD

The situation in spot Gold has been different. Only one trade so far and it was a losing one where the account lost 2.25%. Historically, the robot has made 5 trades per year in Gold. So, I’m expecting a more active second half of the year with this instrument.

So far so good. Three trades in the Euro, one trade in Gold. Chances are, we’ll see 6 – 7 more trades the rest of the year.

All these results have been obtained with a “Moderate” risk setting. With this setting, the max historical draw-down is around -10% peak to trough. The risk setting only determines the position size of each bet. The strategy is the same. An “aggressive” setting would have returned +18.80% on the EURUSD by now, and a “Very Aggressive” setting +23.50% at this point. The draw-back of these settings is that losses are also magnified. For instance, the -2.25% performance in Gold, would be -3% and -3.75% with the “Aggressive” and “Very Aggressive” settings respectively.

For more details about this trading system, read LT Trend Sniper – A forex strategy that works
For historical results, check out the LT Trend Sniper Results.

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