Before we get to March’s numbers, here is a short reminder of the results from February. The full report from February can be found here and you can get the last several months in a row vertically by clicking here and scrolling down
Tradesight Pip Results for February 2013

Number of trades: 28
Number of losers: 11
Winning percentage: 60.7%
Worst losing streak: 2 in a row
Net pips: +325
Reminder: Here are the rules.
1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.
2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.
3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).
4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.
5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Pip Results for March 2013

Number of trades: 24
Number of losers: 11
Winning percentage: 54.2%
Worst losing streak: 4 in a row
Net pips: +185
It isn’t quite as good as last month, but it fits our system and shows what works in a market that is still a little light in the action but moving enough that we can get things done. We had a nice range of trades, including several (not just one or two that made the whole month) that carried over session to session. We prefer to see a win ratio in the 50-60% range and we came in right down the middle of that. I would say two extra trades working beyond the first day and we’d be thrilled. Still, it is two months of back to back decent gains, which represents a huge shift over the slowness of last year at the end.
In terms of ranges, there was no improvement on the 6 month daily averages from February to March, but it didn’t get worse either. Both the EURUSD and GBPUSD are holding right around 100 pips per day on average, which is a nice bump from the 70 or so pips we were seeing late last year. No complaints here about Forex right now.