Chuck Le Beau's System Traders Club

System Results Report

First Sword Yen  JY.LNG-Daily   01/04/88 - 12/31/98			 

	Performance Summary:  All Trades		 

Total net profit	$ 116587.50	Open position P/L	$      0.00
Gross profit    	$ 159950.00	Gross loss      	$ -43362.50

Total # of trades	      85	Percent profitable	      55%
Number winning trades	      47	Number losing trades	      38

Largest winning trade	$  17750.00	Largest losing trade	$  -2100.00
Average winning trade	$   3403.19	Average losing trade	$  -1141.12
Ratio avg win/avg loss	       2.98	Avg trade(win & loss)	$   1371.62

Max consec. winners	       5	Max consec. losers	       4
Avg # bars in winners	      19	Avg # bars in losers	       6

Max intraday drawdown	$  -7962.50		 
Profit factor   	       3.69	Max # contracts held	       1
Account size required	$   7962.50	Return on account	    1464%


	Performance Summary:  Long Trades		 

Total net profit	$  52012.50	Open position P/L	$      0.00
Gross profit    	$  73512.50	Gross loss      	$ -21500.00

Total # of trades	      36	Percent profitable	      50%
Number winning trades	      18	Number losing trades	      18

Largest winning trade	$  11962.50	Largest losing trade	$  -1650.00
Average winning trade	$   4084.03	Average losing trade	$  -1194.44
Ratio avg win/avg loss	       3.42	Avg trade(win & loss)	$   1444.79

Max consec. winners	       4	Max consec. losers	       5
Avg # bars in winners	      17	Avg # bars in losers	       7

Max intraday drawdown	$  -5150.00		 
Profit factor   	       3.42	Max # contracts held	       1
Account size required	$   5150.00	Return on account	    1010%


	Performance Summary:  Short Trades		 

Total net profit	$  64575.00	Open position P/L	$      0.00
Gross profit    	$  86437.50	Gross loss      	$ -21862.50

Total # of trades	      49	Percent profitable	      59%
Number winning trades	      29	Number losing trades	      20

Largest winning trade	$  17750.00	Largest losing trade	$  -2100.00
Average winning trade	$   2980.60	Average losing trade	$  -1093.13
Ratio avg win/avg loss	       2.73	Avg trade(win & loss)	$   1317.86

Max consec. winners	       5	Max consec. losers	       2
Avg # bars in winners	      20	Avg # bars in losers	       6

Max intraday drawdown	$  -5762.50		 
Profit factor   	       3.95	Max # contracts held	       1
Account size required	$   5762.50	Return on account	    1121%

To view an equity chart based on the above trades go to:

 http://www.traderclub.com/systems_firstswordyen.htm

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS.  UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.  ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY.  SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.  NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.


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Chuck Le Beau's System Traders Club 
http://www.traderclub.com 
mailto:chuck@traderclub.com 
ph 310-265-9776 
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Good luck and Good trading.