This is the first financial event since 2008 that’s hit the mainstream public. Even my friends from college are talking about the Brexit on Facebook.
My Dominari system only trades during the UK evening, so I felt comfortable leaving my system on overnight. When I woke up, however, I didn’t feel the same. Did you see the GBPUSD chart? Holy cow! 1,300 pips in an hour.
This is the first time I’ve intervened in a trading system since April of last year. What makes me very happy, though, is that this intervention is all about protecting profits. I’m up 6.69% since I began trading the finalized version of Dominari on April 15.
myfxbook.com/members/QuantBar/dominari-pepperstone/1591822 – my results at Pepperstone
Dominari isn’t intended to trade these types of markets. So, instead of deciding to “see what happens”, I’m flat and happy until we see how the markets open after the weekend. I expect big gaps. I don’t feel like gambling which way the gaps may go.
If you clicked the original link, you noticed that the equity curve is marching straight up. That’s what’s supposed to happen. But like any good system trader, I wanted to see it working in the real world before I upped the capital commitment.
Earlier this month, I decided to trade a second account at FXCM, this time in USD. That brings my total accounts to €8,500 and $5,100. That’s about $14,600 in USD terms between the two accounts.
The FXCM account started live trading on June 6. Before then, I made sure to test it on an FXCM demo account to confirm that my edge wasn’t completely dependent upon broker selection. I’m happy to report that the FXCM results are closely mirroring those at Pepperstone.
myfxbook.com/members/QuantBar/dominari-fxcm-mt4/1679763 – my results at FXCM.