Before we get to April’s numbers, here is a short reminder of the results from March. The full report from March can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.
Tradesight Pip Results for March 2013

Number of trades: 24
Number of losers: 11
Winning percentage: 54.2%
Worst losing streak: 4 in a row
Net pips: +185
Reminder: Here are the rules.
1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.
2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.
3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).
4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.
5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Pip Results for April 2013

Number of trades: 29
Number of losers: 14
Winning percentage: 51.7%
Worst losing streak: 4 in a row
Net pips: +65
Things were fairly flat for most of April, so the results weren’t quite as good as the prior two months, but the Forex market continues to perform better than the back half of 2012. Ranges have been holding steady. We came into the month with the EURUSD 6-month average daily range at 97 and the same for the GBPUSD at 95. We closed the month with those numbers at 102 and 105, respectively. 5 pips of range added to a 6-month average is actually a good improvement and makes a big difference in trading. Our final numbers fell into the ranges that we like, which is that we target 50-60 percent winning trades, and we won 51.7%. However, there were more trades than usual that we closed around the entry due to lack of movement. There were really only a couple of big winners for the month. The last week or so really knocked about 50 pips off the total for the month, but as long as ranges continue to improve, there is no reason to go light on the Forex markets. I’ve been full size since around the start of the year and continue to be, minus the usual adjustments for key data, etc. What we would really like to see now is more directional movement as the month was fairly flat for the US Dollar Index overall.