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 broke a month-long losing streak last week by closing out a long position with a 39-tick profit. The fund had struggled through a consolidating range bound period from February through mid-March. The fund entered this week short the euro from 1.3612, a solid winning position. Last week’s total put the fund down 14.10% since its Sept. 6, 2009 launch.