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 two trades last week and currently holds no position.
A short position originated on March 18 was closed with a 161 tick profit and a long position was closed with a loss. This is the last update for the year.
Professor McNew will detail the successes, failures and lessons learned in implemented the trade simulation with her students in the May issue of Futures.