Just to let everyone know, Sam is busy with a variety of things.  He's going to be on the road for one, so the Online Trading Classroom will NOT be held for the next two weeks. We'll return with the OTC's on Monday, May 18.

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In the meantime, it's been a great past week of trading, and we'll take an example of today.

Aequillibrium GBP/USD has had five closed trades, and won four of them for a total profit of 130+ pips. Take into account the fact that this strategy executes six contracts (lots) with each trade and you can multiply the pips by six.

It's been a profitable strategy for the handful of live SystemTraderFX traders today (yes that's today).

This is a short-term strategy that, if added to your portfolio, you should keep an eye on because occasionally a big loss is incurred. Generally the rule of thumb seems to be to not allow a drawdown to extend that much past 100 pips.

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Now that's a general rule of thumb, not gospel. At the end of the day you should come to your own conclusions.

Also, take a look at our latest blog post - How Much Should You Open A Live Account With?

Happy trading all, and if you have any questions, please let us know!