Yesterday's 5MADT saw a quick entry and stop out. The score is now five wins, seven losses, but the higher reward to risk ratio means the strategy is ahead 25 points for the month. We're looking for two wins to ensure a profit for the month to satisfy a key trading maxim - protect capital. If the strategy gets those under the belt, I'm in the happy position of risk free profit hunting.
Here's the scorecard:
Markets are currently dominated by the news cycle, with the US rally to record highs likely to affect the Australia 200 index today. However, the beauty of a mechanical, quant based trading strategy is a complete disregard of the all the market noise. Roll on win number six!
You can read more about the Five Minutes a Day Trading strategy here.