Closed most of the positions. Left 2 open positions which roughly cancels out each other.
Current MTD P&L = $2,200 which is 11% of capital
Read some iInteresting strategy in using Price action to generate signals.
Read a few papers on momentum returns against the cross-sectional of all currencies instead of time-series. This strategy buys the currency which gained the most in the previous month and short the one which lost the most. More probably I believe, a portfolio needs to be constructed and properly weighted for this to yield any results.
Yet to do backtesting on this.
In some papers it seems that after Year 2000, it is hard to use momentum and filter based strategies to gain profits in foreign exchange based on time-series analysis of each currency.
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