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 Flyer FOREX Fund Girth Model closed out two trades last week and went into this week with a short position. Trade #1 was a short that had a loss of 91.3 tics; trade #2 was a long position that had a loss of 149.4 tics.
The losses placed the program down 4.91% since its September launch.