Time to review 2015.
Overall, I finished the year up 18.77%. A large chunk of that growth occurred in the last few months when I began trading the majors exclusively.
These are the results of ALL trades, including minors and exotics.
All Trades (Majors, Minors and Exotics)
Trades taken: 112
Equity growth: 18.77%
Maximum drawdown: 10.55%
Average reward-to-risk: 1.06
Win rate: 57.14%
Profit factor: 1.26
And these are the results of trades involving the MAJOR pairs only.
Trades taken: 30
Equity growth: 17.46%
Maximum drawdown: 8.12%
Average reward-to-risk: 1.04
Win rate: 73.33%
Profit factor: 2.32
Of the 18.77% growth, 17.46% came from trading the majors. Basically, the bulk of my profit came from trading the major pairs.
It should be noted that I only opened 30 major-pair trades, which is a relatively small sample size.
Here's the final equity curve (I've kept the y-axis confidential for privacy):
Major developments this year
Dropping the minors and exotics
I re-examined my trading journal a few months ago and found that the bulk of my profit came from trading the major pairs. I've been trading the majors exclusively since then and experienced significant success. I also revisited my backtests and found my systems performed better with the majors vs the minors and exotics.
Development of nine trading systems
This year, I developed nine technical systems to trade on the daily and weekly timeframes. Alot of these systems are based on older systems that I used to trade, but have been updated or modified.
I can't daytrade
This isn't really a development, but my experiments with daytrading ended with failure. I just can't do it!
Surviving January 15, 2015
This was the day when the SNB (Swiss National Bank) depegged the Swiss franc from the euro. Many accounts were blown up. I had a live position on the CHFSGD but escaped, losing a few % of my account. Lessons a) use a stop loss (although it didn't help everyone) b) avoid pegged currencies c) don't deposit all of your equity with a single broker (only deposit enough to provide margin).
Meeting up with other traders
I finally met up with a few traders in real life! Retail trading is a lonely career, so I think it's important to branch out and meet other traders.
Goals for 2016
Basically gather more money to trade with. This means more hours at work and leveraging my profits. I hope to make 2016 the year of the Big Push.
Improving the quality of my trades
This will be an ongoing process. I'll remain mindful of news and nearby S/R levels when determining my trades, and focus on the majors exclusively.
Opening a myfxbook account
I plan to open a myfxbook account early in 2016 so everyone can follow my results live.
Professionalise my blog
I'm still treating this blog as a personal diary, but if 2016 is successful, I plan to make my blog much more professional.
That's a wrap. Good luck in 2016, traders!