All
Returns Are NET:
The results
above account for the deduction of the dealer's
spread on each trade, but not slippage, interest
rollover, and/or trade commissions (if applicable).
Three pips have been deducted from each EUR/USD
trade and four pips from each EUR/JPY trade.
Back-tested
Vs Real-time Past Performance:
Back-testing plays a significant role in helping
to validate and design profitable automated trading
strategies. A back-tested result is a snapshot
of what a trading strategy would have produced
over a period of historical data. However back-tested
data can often be less reliable then results that
are generated in real time. From September 2006
the results listed in the performance table for
the EUR/USD (1 hour) and EUR/USD (30 min) have
occurred under real-time monitoring. The EUR/JPY
(1 hour) have been running under real-time monitoring
since January 2006. Performance numbers prior
to real-time monitoring were generated by back-testing
on historical data. Using ProSignal's charting
software you can back-test all of our automated
signals against historical data to review signal
accuracy.
Hypothetical
Vs Actual Results:
The past performance data in the table represent
hypothetical results if you had followed every
automated signal at the time and price the trading
strategy generated it. Actual results will vary
from trader to trader depending on trading style
and execution strategy. Past performance does
not account for potential price slippage, varying
leverage and/or other effects of trader discretion.
Percent
Returns - Leverage:
The percentage return is calculated by multiplying
the number of pips (profit or loss) by the pip
value and the leverage. We
use an "average" pip value of $9 (per
100k lot) for the EUR/JPY. The EUR/USD are calculated
using a constant pip value of $10 per $100k lot.
The leverage is based on trading a lot size twice
the total funds in your trading account for each
trade (2:1 leverage). For example, this equates
to trading two $10k mini lots (per trade) for
every $10,000 in total account equity OR
trading two $100k lots for every $100,000 in total
account equity. Determining the leverage you use
is the most important factor in managing
your risk. Trading the current signals at 2:1
leverage falls in line with the maximum risk exposure
recommenced by ProSignal. For more details on
how to avoid common mistakes made by most traders
in risk-management and establishing the proper
leverage and/or risk-per-trade, please see the
Risk Management section of our trading manual.
Risk
Disclosure:Hypothetical
or simulated performance results have certain
limitations. Unlike an actual performance record,
simulated results do not represent actual trading.
Also, since the trades have not actually been
executed, the results may have under or over-compensated
for the impact, if any, of certain market factors
such as lack of liquidity. Hypothetical trading
programs in general are benefit of hindsight.
No representation is being made that any account
will or is likely to achieve profits or losses
similar to those shown. Substantial risk is involved.
Forex
trading has large potential rewards, but also
large potential risk. You must be aware of the
risks and be willing to accept them in order to
invest in the forex markets. Don't trade with
money you can't afford to lose. Nothing in our
course or website shall be deemed a solicitation
or an offer to Buy/sell futures and/or options.
No representation is being made that any account
will or is likely to achieve profits or losses
similar to those discussed on our site. Also,
the past performance of any trading methodology
is not necessarily indicative of futures results.
Day trading involves high risks and you can lose
a lot of money.
