In the October Futures feature, “Learning to trade: It’s academic,” Leslie McNew and Tup Ingram described a trading strategy that McNew’s students at the University of Dayton Business School would be implementing in a simulation. The strategy is based on first described in the December 2008 issue of Futures and is applied to the euro currency.
The trading simulation began on Sept. 6 and is up 10.02% since inception, an annualized return of 65.13%. The fund closed one trade this week. Trade #1 was a short that netted 130.8 ticks. The fund is currently flat.
We will provide updates on the Flyer Forex Fund every week.