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 the four-hour girth model first described in the December 2008 issue of Futures and is applied to the euro currency.
The fund did not trade for a while around the semester break but is back up and running and doing well. The Flyer Forex Fund Girth Model took three trades last week: The first trade was extremely successful getting short the euro and taking a 427.2 tick profit. The second position got long and was closed out after dropping 82 ticks. The fund also got short at 1.39148 and is holding significant open trade equity in that position.
Since its Sept. 6 inception, the program is up 8.25%.
About the Author
Editor-in-Chief of Modern Trader, Daniel Collins is a 25-year veteran of the futures industry having worked on the trading floors of both the Chicago Board of Trade and Chicago Mercantile Exchange. Dan joined Futures magazine in 2001, before the name change to Modern Trader, and in 2005 he was promoted to Managing Editor, responsible for overseeing all the content that went into Futures and futuresmag.com. Dan’s incisive reporting and no-holds barred commentary places him among the most recognized national media figures covering futures, derivative trading and alternative investments.