The performance for July brought a modest increase of 2.27%. It’s the summer, so things are unfortunately rather quiet in the market.
QB Pro Original drove most of the portfolio increase in June. Things fell flat this month as the strategy brought in a portfolio return of 1.33%.
As I already knew, QB Yen is more volatile due to the smaller number of pairs that it trades (only 3 at the moment). The good news is that it contributed to the performance, returning 0.94%.
I do apologize that the update this month is so brief. There are some issues that I spotted in my previous backtests (thanks Chin for pushing me!) that require my attention. I’m covering that thoroughly in another, future blog post once the analysis is complete. The intent is to review a few topics:
- How can I change the portfolio allocation between the two strategies?
- How can I systematize pair selection instead of manually picking?
- How are trading costs weighing on performance?
- Does trading with limit order helps the long term returns?
I can’t promise a timeline on this. The research comes when I have an answer. But I am working very hard on it!
I’m also excited to announce that QB Pro has received a $200,000 allocation from a fund out of northern Europe. Although it’s not a huge amount of money, the system is starting to manage much more substantial assets than the $2,000 account that I started with at the end of last year.