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%.
